MANILA, Philippines – The Philippines remained one of the fastest-growing economies in Asia at the start of the year, but the pace of growth fell below expectations. The National Economic and Development Authority (NEDA) reported yesterday gross domestic product (GDP) expanded 6.4 percent in the first quarter – lower than the market forecast of between […]
Read MoreMANILA, Philippines – Economists of investment banks see the country’s gross domestic product (GDP) growth recovering strongly after a weaker-than-expected private consumption resulted to disappointing results in the first quarter of the year. Credit Suisse economist Michael Wan said the surprisingly weak private consumption dragged the GDP growth to 6.4 percent in the first quarter […]
Read MoreMANILA, Philippines (UPDATED 12:03 p.m.) — The Philippine economy posted a 6.4-percent growth in the first quarter of the year, the government announced Thursday. At a televised press conference, Economic Planning Secretary Ernesto Pernia said that the country remains one of the strongest performers among emerging economies in Asia. The Philippine overtook the 5.1-percent growth of […]
Read MoreMANILA — The Philippine economy grew at its slowest pace in more than a year in the first quarter, but resilient exports and strong consumer spending are likely to keep momentum buoyant this year. The pace was the weakest for the Southeast Asian economy since the last quarter of 2015, but the government said the […]
Read MoreMANILA, Philippines – The economy likely grew by about seven percent in the first quarter on the back of strong performance of the agriculture and manufacturing sectors, according to Finance Undersecretary Gil Beltran. “At first, my forecast was 6.2 percent to 7.4 percent. But now, it turns out that agriculture’s growth was high,” Beltran said, […]
Read MoreMANILA, Philippines — After several deferments, the government is now pushing through with rice importation through a government to private sector (G2P) scheme for buffer stocks in preparation for the coming of the lean months. While the volume to be imported is yet to be determined, the interagency National Food Authority Council has approved the […]
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