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8% POTENTIAL GROWTH FOR PHL BY 2016 – MOODY’S ANALYTICS
Monday 29th of April 2013
QUEZON CITY, April 29 (PIA)--The Philippines economy has the potential to grow up to eight (8) percent in the coming years as seen by the Moody’s Analytics, a sister company of credit rating watchdog Moody’s Investor Service.
“We expect GDP growth to remain in the 6.5% to 7% range in 2013 and 2014, making the Philippines one of the world’s fastest-growing economies,” Glenn Levine, senior economist at Moody’s Analytics said in Philippines Outlook: Asia’s Rising Star.
According to Moody’s Analytics, growth would be sustained in 2013 through construction and business process outsourcing which is a big part of Philippines’ exp...
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23Feb2013ILOILO CITY, Feb 23 (PIA) -- President Benigno S. Aquino III reiterated before Ilonggos during a meeting with local leaders and the community in Dumangas, Iloilo that the Philippines has already gone far insofar as economic front is concerned. “Malayo-layo na ho ang narating natin, pinupuri na tayo ng ibang mga bansa o marami pang mga ibang bansa. Kinikilala na rin tayo sa paindigang entablado at talaga naman po dinidilubyo tayo ng mga investors (We have gone far, we are bein...
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21Feb2013CEBU CITY, Feb. 21 (PIA) --- President Benigno S. Aquino III highlighted the skills of the Cebuano workforce in his speech at the launching yesterday, Wednesday, of a sprawling township development area in Lapu-Lapu City. The President was guest of honor during the unveiling of Megaworld Corporation’s flagship project in Cebu, The Mactan Newtown. In his speech, Aquino told Megaworld Chairman and Chief Executive Officer Andrew Tan that their company made the right choice in picking Cebu to de...
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19Feb2013DUMAGUETE CITY, Feb. 19 (PIA) -- Bad weather prevented the President to visit Dumaguete City, Negros Oriental for the inauguration of Qualfon Call Center and meeting with local leaders. The President was expected to lead the unveiling of the commemorative marker of the Qualfon Bldg., Link Sy IT Park this morning. In his stead, Senator Franklin Drilon read his speech during the inauguration and also led the unveiling of the commemorative marker at the stage with the Sy family members, Qualfon e...
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12Feb2013TAGBILARAN CITY, Bohol, Feb 13 (PIA) -- Masaligon ang Malakanyang nga makab-ot sa gobyerno ang target nga pito ka milyong trabaho sa turismo nga gitakda sa Department of Tourism sa paghuman sa termino ni Presidente Benigno "Noynoy" Aquino III sa 2016. Matud pa ni Deputy Presidential Spokesperson Abigail Valte, apil sa gisaligan sa gobyerno ang sektor sa turismo ug agribusiness aron makamugna og mga dugang trabaho sa nasud. "Ang turismo ug agribusiness mao ang duha sa mga sektors sa ekonomiya n...
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01Feb2013TAGBILARAN CITY, Bohol, Feb. 1 (PIA) -- Nakatala og 6.6 percent nga paglambo ang ekonomiya sa niaging tuig, mas taas sa target sa merkado, lending institutions ug bisan sa gobyerno. Matud pa ni National Statistical Coordination Board (NSCB) chief Jose Ramon Albert, sa katapusang quarter sa tuig 2012, natala nila ang 6.8 percent output gikan sa services, trade, real estate ug construction sectors. Tungod niini, natala ang full-year gross domestic product (GDP) nga mas taas sa 5 to 6 percent gro...
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05Sep2012ILOILO CITY, Sept. 5 (PIA6) -- An official of the Monetary Board (MB) said the country’s economy continues to register improving performance and remains resilient despite the volatile global economic environment. “The 6.3 percent growth performance of the country in the 1st quarter of 2012 and 5.9 percent in the 2nd quarter have proven that the country’s sound macro-economic fundamentals are well-positioned to propel the country to a higher growth path, while enabling it to weather the ...
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01Aug2012CAGAYAN DE ORO CITY, Aug 1 (PIA) -- The Northern Mindanao economy grew by 2.5 percent in 2011, data from the National Statistical Coordination Board (NSCB)-10 revealed. The service sector accounted for the biggest share of the region’s economy at 41.8 percent, followed by the industry sector at 30.2 percent while the agriculture, hunting, forestry and fishing (AHFF) sector shared about 28 percent, said Brenda Lynn M. Castro, officer-in-charge of NSCB-10. Of the three sectors, only the AHFF s...
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19Jul2012CITY OF MALOLOS, Bulacan, July 19 (PIA) -- Bulacan officials, students and other stakeholders will gather tomorrow, July 20 at the Pavilion, Hiyas Convention Center to attend a tourism assembly aims to help boosts tourism industry in the province. Dubbed “Tourism: A Boom in Bulacan Economy”, the event aims to inform the public, particularly the local government units, about the 24K Tourism Icons of Bulacan and help them design their own tourism plans with accordance to it. Bulacan Governo...
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03Jul2012TAGUM CITY, Davao del Norte, July 3 (PIA) -- An official of the Department of Trade and Industry (DTI) opened the idea of combining eco-tourism with agri-industry development to reinvigorate the economy of Davao del Norte. Keynoting the Kadagayaan Festival opening, DTI undersecretary for regional operations Merly Cruz echoed the need to widen the tourism industry as an area to focus on developing the economy, aside from the existing banana industry. She said a downside on depending on mono-cr...
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01Jun2012QUEZON CITY, June 1 (PIA) -- The Philippine economy expanded by 6.4 percent in the first quarter of 2012, the highest growth among ASEAN and other neighboring countries except China. In a statement sent by NEDA to PIA-NCR, Socioeconomic Planning Secretary Arsenio M. Balisacan said the growth is well above the market’s consensus forecast of 4.8 percent. "Within the ASEAN, the Philippine economic performance was above the preliminary average growth (3.7%) of the region, growing faster than Ind...
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25May2012PAGADIAN CITY, May 25 (PIA) -- The Mindanao Economy and Environment Summit, a platform under the Mindanao Nurturing Our Waters (MindaNOW) Program of the Mindanao Development Authority (MinDA), is slated to be held on June 4 and 5 at the Grand Regal Hotel in Davao City. With the theme, “Building Constituency towards a Green Economy,” the summit aims to gather stakeholders of Mindanao for creating champions, building constituency, and adapting change in responding to the challenge of ensurin...
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23May2012KORONADAL CITY, South Cotabato, May 23 (PIA) -- The Department of Labor and Employment (DOLE) 12 and its partners, including Social Security System (SSS) and the Technical Education and Skills Development Authority (TESDA) recently signed a commitment of support for workers in the informal economy (WIE). Chairmaine Dawn Ladot-Sonsona, labor communications officer of DOLE 12, said the signing ceremony on May 18, was in line with the government’s advocacy to promote social protection of those ...
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12May2012CAGAYAN DE ORO CITY, May 12 (PIA) -- The economic growth of Northern Mindanao is expected to gather steam in 2012 and shall be within the range of 7-7.5 percent. This, as more development projects and private investments are implemented in the region, National Economic Development Authority (NEDA) - Region 10 Chief Economic Development Specialist Engr. Cecilio Clarete said during the Macro and Development Administration Committee Meeting of the Regional Development Council (RDC), last week. C...
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01May2012CITY OF BALANGA, Bataan, May 1 (PIA) -- The Freeport Area of Bataan (FAB), the province’s top dollar economic hub, launched recently its new official brand which gained the approval of international investors. FAB administrator Deogracias Custodio said the new symbol of the multimillion economic zone in booming Mariveles town signifies different values essential to establishing businesses. “The new FAB brand is almost full circle to connote unity, expansion and growth,” said Custodio. H...
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30Apr2012TUGUEGARAO CITY, April 30 (PIA) -- The National Economic and Development Authority (NEDA) Region 2 reported that the region’s economy is improving as shown in the employment indicator, posting higher than the national rating. Ma. Lourdes Corsino, chief economic development specialist, said the average employment rate of the region has increased from 96.3 percent in 2012 to 97.1 percent in 2011, which is much higher than the national rating of 92.7 percent in 2010 and 93 percent in 2011. Cors...
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30Mar2012QUEZON CITY, Mar 30 (PIA) -- Executive Sec. Paquito Ochoa called on the country’s prosecution service and the Department of Justice to help in conveying to the international community that it is open for business but close for crimes. According to Ochoa, who was a guest to the 24th National Convention of the Prosecutors’ League of the Philippines, the country should be established as a nation where the rule of law prevails to entice investors that can bring capital and employment opportun...
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16Feb2012NEW DELHI, Feb. 16 (PIA) --- Panelists during the recently-concluded Delhi Dialogue IV in India agreed that there is still a long way to go for the realization of the Asian Economic Community (AEC) by 2015. Some of the challenges raised during the dialogue include trade barriers, lack of trust among Asian neighbors, low intra-regional trade share and the development divide. Tariff and non-tariff barriers were among the issues that emerged at the panel discussing the economic integration of Ass...
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19Jan2012ni Susil D. Ragas SURIGAO CITY, Enero 19 (PIA) – Ang pagpalig-on sa hiniusang kooperasyon sa tanang mga aspeto sa matag interes sa Pilipinas ug Thailand maoy nag-unang pokus sa pagtuki sa panagtigom nila Thailand Prime Minister Yingluck Shinawatra ug Pangulong Benigno S. Aquino III atol sa pagbisita niini dinhi sa Pilipinas karong adlawa Huwebes, Enero 19, miingon ang opisyales sa Palasyo. Ang pagbisita ni Prime Minister Shinawatra nagtinguha nga palig-onon pa ang halayom...
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18Jan2012SURIGAO CITY, Enero 18 (PIA) -- Si Pangulong Benigno S. Aquino III padayon nga nag pokus sa kauswagan sa ekonomiya sa nasod ug wala masamok sa nagpadayon nga impeachment trial ni Supreme Court Chief Justice Renato Corona, ang Tigpamababa sa Pangulo miingon. “In his speech at the inauguration of the D’Luxe Bags Philippines, a 10-month-old luxury bag factory in Tarlac, the President said that while his administration holds fast to its commitment to good governance, it...
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17Oct2011CAGAYAN DE ORO CITY, Misamis Oriental, Oct. 17 (PIA) -- The Economy and Environment Program for Southeast Asia (EEPSEA) is now accepting applicants for a three-week intensive course in environmental and resource economics, which will start February next year. Regional Director Alfonso Alamban of the Department of Science and Technology (DOST), region 10, said the course is intended primarily for researchers and university lecturers, to prepare them to teach the subject, to conduc...
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06Jul2011CALAMBA CITY, Laguna, July 5 (PIA) -- “Peaceful and safe communities necessitate a stronger and sustained partnership” thus, the words of Vicente F. Tomazar, regional director of the Office of the Civil Defense (OCD-4A) and chairman of the Regional Disaster Risk Reduction and Management Council (RDRRMC-4A) in his speech as guest of honor and speaker in the Kick-off ceremony of the 16TH Police Community Relations (PCR) Month held yesterday morning at Camp Vicente Lim Gra...
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13May2011ILOILO CITY, May 13 (PIA) -- Bangko Sentral ng Pilipinas (BSP) underscores the role of every Filipino in ensuring a stronger economy in its financial education expo (Fin-Ed Expo). Iloilo Branch Officer-in-Charge Jeselia Landoy said the ultimate goal of the Fin-Ed Expo that they conducted here, May 11-12 was to help people become effective contributors towards building a stronger economy. The two-day expo, held at Sarabia Manor Hotel, started with the session for students and members...
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20Mar2011CAGAYAN DE ORO CITY, Misamis Oriental, Mar. 20 (PIA) -- The country's economic performance in 2012 and the prospects and policy directions for 2011 will take center stage during a briefing on March 23. Entitled “Daylight in the Philippines: Accelerating Progress,” the briefing will be conducted at the Palladium Ballroom, Mallberry Suites Business Hotel, LimketKai Center, this city. It will be attended by the provincial governors, city mayors, municipal mayors of provincial capitals...
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