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
June 2025
Philippine Environment Month!
“Action for Nature, for the Future!”
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
Monthly Observances:
1 Jun – World Day of Parents
5 Jun – World Environment Day
7 Jun – World Food Safety Day
8 Jun – World Oceans Day
12 Jun – World Day Against
Child Labour
15 Jun – World Elder Abuse Awareness Day
16 Jun – International Day of Family Remittances
17 Jun – World Day to Combat Desertification and Drought
20 Jun – World Refugee Day
25 Jun – Day of the Seafarer
27 Jun – Micro-, Small and Medium-sized Enterprises Day
Daily Observances:
First Saturday of July:
International Cooperative Day
in the Philippines
