MANILA, Philippines – The Institute of Chartered Accountants in England and Wales expects the Philippine economy to be the fastest growing in Southeast Asia next year.
The group said the Philippines will grow over 6.4 percent in 2015, citing the country’s low budget deficit and slowing inflation.
This would mean the Philippines regaining its number one spot in the region.
In the third quarter, the country was just the third fastest growing economy in Southeast Asia, as growth was dragged by weak government spending. The Philippines posted 5.3 percent GDP growth in the third quarter, behind Malaysia’s 5.6 percent and Vietnam’s 6.2 percent.
However, ICAEW says the Philippines needs to build more infrastructure to support the country’s accelerating growth.
The government has said it wants to fast track building and awarding much-needed infrastructure projects, but most of them are usually caught in delays.
The Aquino administration has awarded 8 PPP projects since 2013. – ANC
July 2025
Nutrition Month
“Give us much more than P50 increase
for proper nutrition!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos
July
3 July – International Day of Cooperatives
3 July – International Plastic Bag Free Day
5 July – World Youth Skills Day
7 July – Global Forgiveness Day
11 July – World Population Day
17 July – World Day for International Justice
28 July – World Nature Conservation Day
30 July – World Day against Trafficking in Persons
Monthly Observances:
Schools Safety Month
Nutrition Month
National Disaster Consciousness Month
Weekly Observances:
Week 2: Cultural Communities Week
Micro, Small, and Medium Enterprise
Development Week
Week 3: National Science and
Technology Week
National Disability Prevention and
Rehabilitation Week
July 1-7:
National Culture Consciousness Week
July 13-19:
Philippines Business Week
Week ending last Saturday of July:
Arbor Week
Daily Observances:
First Saturday of July:
International Cooperative Day
in the Philippines
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