Economy

US firms say PH is ‘most improved’ in ASEAN

Published by rudy Date posted on August 20, 2013

US firms doubt ASEAN 2015 single market goal SINGAPORE – Two leading American business groups Tuesday said US firms operating in ASEAN countries are skeptical the regional bloc can meet a 2015 deadline to establish a single market.

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NEDA sees sustained PH economic performance

Published by rudy Date posted on August 18, 2013

The National Economic and Development Authority (NEDA) is seeing a continued positive performance of the Philippine economy in the coming months.

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No one can make a ‘mouse’

Published by rudy Date posted on August 12, 2013

SEVERAL months ago our No. 2 son moved out of our house and into a condominium near his office. For the first two months we barely saw him, as his newfound freedom from the watchful eye and protection of his parents and family meant late nights and long weekends of enjoying that freedom.

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Phl set to exceed this year’s growth targets

Published by rudy Date posted on August 8, 2013

MANILA, Philippines – The government’s economic team is confident that the country could exceed growth targets this year with the economy seen expanding more than seven percent on the back of robust consumer spending and an improving global investment climate.

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Gov’t execs admit economic growth not enough to reduce poverty

Published by rudy Date posted on August 7, 2013

MANILA, Philippines — The economy is growing, but who’s enjoying it? President Aquino’s financial managers painted a generally rosy picture of the economy as the House of Representatives formally began deliberations Wednesday on the proposed national budget for next year.

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Philippines’ puzzle: Growing economy fails to create jobs

Published by rudy Date posted on August 7, 2013

The construction business that 47-year-old Alejandro Anareta Jr runs has seen brisk business in recent years, going from eight to 12 people when he first started to about 80 workers now.

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S&P: Phl now leads Southeast Asian growth

Published by rudy Date posted on August 7, 2013

The Philippines is seen to lead Southeast Asia in terms of growth as what was once regarded as Asia’s laggard spearheads an “outperforming” region this year until 2015 amid a weakening China.

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4 of 10 Pinoys think economy unchanged under Noy

Published by rudy Date posted on August 1, 2013

MANILA, Philippines – Despite the reported economic gains achieved under the Aquino administration, four in 10 Filipinos think the state of the economy remained “unchanged” from the previous year, according to a recent survey by Pulse Asia.

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Pulse Asia: Mas maraming Pinoy, naniniwalang walang nagbago sa ekonomiya

Published by rudy Date posted on July 31, 2013

“Mahigit apat sa kada 10 Pinoy o 43% ang nagsasabing walang nagbago sa sitwasyon ng ekonomiya kumpara noong isang taon.” Mas marami pa ring Pinoy ang naniniwalang walang nagbago sa ekonomiya ng Pilipinas.

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ING hikes PHL growth forecast

Published by rudy Date posted on July 31, 2013

ING Bank has significantly upgraded its growth forecast for the Philippines to 7.3 percent this year from its original projection of 6.1 percent.

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In 3 charts, you can see why the Philippines is now the hottest economy in emerging Asia

Published by rudy Date posted on July 31, 2013

For years Brazil, Russian, India and China were the world’s emerging market darlings. But concerns have grown around each of these.

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S&P says PHL, Indonesia continue to lead ASEAN economies

Published by rudy Date posted on July 30, 2013

Standard & Poor’s on Tuesday raised its Philippine economic forecast for the year but cut its growth projection for Asia-Pacific as a whole and citing the impact of a slowing growth in China, the world’s second largest economy.

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Zamboanga Peninsula posts 12.4 percent economic growth in 2012; highest among all regions

Published by rudy Date posted on July 25, 2013

Zamboanga Peninsula’s economy soared 12.4 percent in 2012 from 0.1 percent in 2011. This was the fastest growth in 2012 among the country’s 17 regions. The impressive economic performance of the region was brought about by the accelerated growths of the Industry and Services sectors.

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Consumers more confident, less worried about jobs: global survey

Published by rudy Date posted on July 23, 2013

LONDON (Reuters) – Global consumer confidence rose in the second quarter with more optimistic perceptions about jobs, personal finances and spending intentions in the United States, China and Japan, a survey shows.

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Banks upgrade Phl growth forecast

Published by rudy Date posted on July 14, 2013

MANILA, Philippines – Local and foreign banks have upgraded their growth forecasts for the Philippines this year on expectations that robust consumer spending and investments would thwart the impact of still-weak trade demand.

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Philippines hopes to halve poverty by 2015

Published by rudy Date posted on July 6, 2013

Creating better jobs for Filipinos and reducing the underemployment rate by half to about 10 per cent over the next two years would help the Philippines achieve the nearly impossible 2015 Millennium Development Goal on poverty reduction, the country’s top economic manager said.

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Philippines lags behind other Asean economies: UN

Published by rudy Date posted on July 6, 2013

MANILA, July 6 (Bernama) — Despite having glossy economic indicators, the Philippines has lagged behind other member-countries of the Association of Southeast Asian Nations (Asean) in attracting foreign direct investments (FDIs) in the year of 2012, according to a report of the United Nations Conference on Trade and Development (UNCTAD).

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Poverty reduction, employment challenge Philippines amid growth

Published by rudy Date posted on July 5, 2013

The Philippines faces tough challenges of reducing poverty, raising investments in the country and generating quality jobs for its people even as it enjoys impressive economic figures starting last year, the government’s chief socio-economic planner said Friday.

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Targets maintained

Published by rudy Date posted on July 4, 2013

MACROECONOMIC ASSUMPTIONS and fiscal targets for this year and 2014 were retained yesterday by economic managers as they chose to keep a “conservative stance” on growth goals.

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The state of our nation

Published by rudy Date posted on June 28, 2013

Last June 19, Francis Estrada, former president of the Asian Institute of Management (AIM), spoke before the Financial Executives Institute of the Philippines (FINEX). It was vintage Francis… incisive and to the point. He talked about the Philippines today… what is right with it… what are the challenges.

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Balisacan unperturbed by weak peso, stocks

Published by rudy Date posted on June 26, 2013

MANILA, Philippines – The country’s top economic manager said he remains unperturbed by the weakening of the peso and the local bourse, saying these barometers are going into a ‘dip’ cycle.

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For many Filipinos, jobs and the good life are still scarce

Published by rudy Date posted on June 19, 2013

MANILA — At his vegetable stand on a busy street in the Philippine capital, Lamberto Tagarro is surrounded by gleaming, modern skyscrapers, between which a river of luxury vehicles flows.

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Keeping the faith in bad times

Published by rudy Date posted on June 18, 2013

The Philippines needs to attract more foreign direct investments to complement domestic market-driven investment which it do by easing systems in doing business and by providing better infrastructure.

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Entrepreneurship: A roadmap to inclusive growth

Published by rudy Date posted on June 18, 2013

THE FIRST HALF of 2013 saw several positive developments in our country. The two recent credit upgrades obtained by the Philippines from Fitch Ratings and Standard & Poor’s have placed the country in the investment radar of the international community.

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Country to withstand market volatility

Published by rudy Date posted on June 16, 2013

THE PHILIPPINES will be able to withstand the turbulence in financial markets even as sell-offs look likely to continue in the short term, observers said. “Fitch Ratings thinks the Philippines is relatively well-placed among emerging market peers to absorb current market volatility…,” Fitch Asia-Pacific Sovereign Ratings head Andrew Colquhoun said.

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PH urged to guard against price bubbles

Published by rudy Date posted on June 13, 2013

WB says developing nations face risk of overheating The global economy is now poised to recover from a crippling crisis that started in 2008, with the Philippines and other developing countries driving expansion, according to a report from the World Bank.

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More jobless Pinoys amid stellar growth

Published by rudy Date posted on June 12, 2013

MANILA, Philippines – Joblessness rose to a three-year high in April amid record economic growth as new graduates flooded the job market while unfavorable weather conditions stymied hiring in the agricultural sector, officials said yesterday.

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Where did our growth come from?

Published by rudy Date posted on June 3, 2013

Now it’s official: the Philippines is the fastest-growing economy in Asia. Beating China’s first quarter growth (7.7 percent) by a hair, our 7.8-percent growth in gross domestic product (GDP) was proudly homegrown, achieved in the face of a hefty drop (-7 percent) in exports. This implies that domestic demand for our economy’s goods and services…

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BUBBLE ALERT | Philippine economic, stock market gains unsustainable, British accountants say

Published by rudy Date posted on May 29, 2013

MANILA – The Philippines’ faster economic growth and the gains in the stock market cannot be sustained, according to the Institute of Chartered Accountants in England and Wales (ICAEW).

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PHL the ‘brightest spark’ in ASEAN — ICAEW report

Published by rudy Date posted on May 29, 2013

The Philippines is growing at a faster pace among the five biggest economies of the Association of Southeast Asian Nation or ASEAN-5, supported by robust government spending and increased business confidence, according to the Institute of Chartered Accountants in England and Wales (ICAEW).

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