Philippine economy is likely to grow 4.2 percent in 2012
The World Bank on Tuesday said the Philippine economy is likely to grow 4.2 percent next year due to the full recovery of public spending and exports. In its latest Philippines Quarterly Update, the Washington-based lender said the country’s gross domestic product (GDP) is projected to grow 4.2 percent next year from an earlier forecast [...]
PAL Direct Flight Manila to India Vice-Versa
The nation’s flag carrier Philippine Airlines (Pal) launched its inaugural flight to New Delhi, India on March 29, 2011, after it was suspended in 1954 by the Philippine government. The inaugural flight, which took six and a half hours, touched down at the Indira Gandhi International Airport at 1:30 a.m. with more than 200 passengers [...]
The Philippine Economy is Likely to Grow 7 Percent
The Philippine economy is likely to grow 7 percent this year mostly because of the government’s plan to hike infrastructure spending, according to a senior economist at the University of Asia and the Pacific (UA&P). Bernardo M. Villegas, UA&P economist and educator, said the projected 7 percent growth in 2011 “will be made possible by [...]
Philippines Economy 2011 Growing and Strong
The Philippine economy is likely to grow by 6.8 percent this year mostly because of election-related spending and the global recovery, the World Bank said. “GDP growth has been stronger than expected, reflective of rapid recovery and election-related spending amidst a strong external position which has led to a sovereign credit rating upgrade in November [...]
Conversion Rate of Phil Peso vs US Dollar Money
The Hongkong and Shanghai Bank Corp. (HSBC) on Tuesday said remittances, the business process outsourcing (BPO) sector as well as fundamentals would continue to power the local unit and enable it to end at 41 level before end-2010. The HSBC earlier projected the local unit to end at 43.50 to a dollar this year but [...]
Goldman Sachs Sees Good Economy for the Philippines
Goldman Sachs sees continued expansion of money sent home by Overseas Filipinos (OFs), which, in turn, is expected to boost strong growth of the domestic economy this year. In a recent study, the investment bank said it remains confident for a 7.4 percent full year growth, as measured by gross domestic product (GDP), for the [...]