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BUSINESS leaders in Cebu anticipated a good performance from the Philippine economy in the last quarter of 2016, ahead of the release of fourth-quarter domestic economic data this week. Mandaue Chamber of Commerce and Industry (MCCI) president…
Increased spending on infrastructure, which is the thrust of the Duterte administration especially on improved transport facilities, is expected to grow the Philippine logistics industry by at least 300 percent in the next four years. Jonathan Cabaltera,…
Business leaders in Cebu lauded the present administration for the 7.1-percent growth of the Philippine economy during the first three months of President Rodrigo Duterte in office. However, some said this could also be owed to the…
The peso exchange rate is determined by the supply of and demand for dollars in peso terms or the supply of and demand for pesos in dollars terms in the foreign exchange market. The peso gets weaker…
President Rodrigo R. Duterte has given his go-ahead to implement economic managers’ plan to do 24/7 work on infrastructure projects, alongside a faster rollout of public-private partnership (PPP) projects. Budget Secretary Benjamin E. Diokno told reporters Tuesday…
A change in administration will have little to no effect on the growth of the Philippine economy due to huge revenue contributions from overseas Filipino workers (OFWs) and the information communications technology-business process management (ICT-BPM) sector, an…
The International Monetary Fund’s growth projections for the Philippines this year, although lower than the original targets and the government’s own projections, remain at a respectable level amid the global headwinds, Socio-Economic Planning Secretary Emmanuel F. Esguerra…
Last year’s economic growth was slower at 5.8 percent, compared to the 6.1 percent growth we achieved in 2014. Indeed, the 2015 performance was quite a disappointment because in the five years beginning 2010, whence the present…
Gross domestic product expands by 5.8 percent in 2015 The economy expanded in the last quarter of last year by 6.3 percent, the highest quarterly growth for 2015. This brought the average full-year gross domestic product (GDP)…
Failure of policy to shift from early success in import substitution into export industrialization and poor governance in general, characterized by high level of corruption from the top down to the local level, constrained the country from…
Economy projected to grow 6% in 2015; high growth trajectory to continue Socio-economic Planning Secretary Arsenio M. Balisacan yesterday projected that the Philippines will continue to experience rapid economic growth during the next administration, “given the reforms…
ADB revises forecast for Philippines to 5.9% this year The Asian Development Bank (ADB) has revised downward its growth forecast for the Philippines this year because of a slowdown in exports, but maintained its projection for 2016.…
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