MANILA, Philippines – Investment banks and think tanks upgraded their economic growth forecasts for the Philippines after it posted a stronger-than-expected gross domestic product (GDP) growth of 6.4 percent in the first quarter of the year. New York-based think tank Global Source Partners upgraded the country’s GDP growth forecast to five percent instead of 4.5…
Manila, Philippines – The Philippines has conveyed to the Iraqi government its commitment to assist in the manpower requirements of Iraq amid a massive reconstruction effort, the Department of Foreign Affairs (DFA) said yesterday. Foreign Affairs Secretary Albert del Rosario reiterated on Thursday the Philippines’ commitment during a bilateral meeting with visiting Iraqi Foreign Minister…
Manila, Philippines – A bill seeking to provide equal opportunities to adults and out-of-school youth of high school age to avail of free high school education through distance learning was approved yesterday on third and final reading at the House of Representatives.
Manila, Philippines – President Aquino assured the public yesterday that his government was committed to ensure inclusive growth benefiting all sectors as the country’s gross domestic product grew 6.4 percent in the first quarter of the year.
…Tops Asian average of 3.7%… The Philippine economy grew 6.4 percent during the first quarter, the highest in Asia except for China. National Economic and Development Authority (NEDA) director general Arsenio Balisacan said growth was high enough to generate 1.1 million new jobs for the quarter.
Asean reaffirms plan on economic integration The economic forecast for many countries these days ranges from shaky to dismal, especially among industrialized countries. Yet, the Philippines and Indonesia stand out as rare examples of emerging Asian economies with positive rating outlooks.
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