Tag: Economy
Aquino calls on the Filipinos to vote candidates who will help his administration to improve the country’s economy
MANILA, May 11 (Mabuhay) – President Benigno S. Aquino III called on Filipinos to vote candidates who will help his administration to continue effecting reforms to chart the country to a higher economic growth trajectory. In his speech during the Miting de Avance of the Liberal Party-Quezon City Chapter held at the Amoranto Sports Complex in [...]
PHL exports recover in March 2013
Brisk performance of agro-based and forest products, minerals, and petroleum steered merchandise exports to a positive outturn in March 2013 reversing the negative trend of the last two months, according to the National Economic and Development Authority. “Year-on-year upsurge in export earnings from agro-based and forest products, minerals, and petroleum offset the decline in receipts [...]
DOLE, DA sign accord on promotion of agribusiness as strategy of National Reintegration Program for OFWs
Secretary of Labor and Employment Rosalinda Dimapilis-Baldoz and Secretary of Agriculture Proceso J. Alcala yesterday signed a memorandum of agreement that will set into motion the promotion of agribusiness, particularly agribusiness entrepreneurship, as a strategic part of the National Reintegration Program for OFWs. Baldoz and Alcala signed the Memorandum of Agreement Between the Department of [...]
Inflation eases to 2.6% in April 2013
Slower price increases of food, electricity, and petroleum brought inflation down to 2.6 percent in April 2013, according to the National Economic and Development Authority (NEDA). “The average inflation rate for the first four months of 2013 settled at the low-end of the Development Budget Coordination Committee (DBCC)’s inflation target of 3.0 to 5.0 percent [...]
American Committees on Foreign Relations Laud PH Performance
WASHINGTON, D.C.—The economic miracle that has transformed the Philippines from a basket case into an emerging tiger has earned plaudits from the prestigious American Committees on Foreign Relations (ACFR). In a statement, the Philippine Embassy said ACFR members who were in Washington D.C. for their 18th Annual Conference gave the thumbs up for the Philippines [...]
PHL receives investment grade rating from Standard & Poor’s
The Philippines today received investment grade rating from international credit rating agency Standard & Poor’s. In a statement released by the agency, the country’s sovereign long-term foreign currency rating was upgraded from “BB+” to “BBB-“ with stable outlook. This upgrade by S&P comes after the Philippine sovereign received its first investment grade rating from Fitch [...]
President Aquino inaugurates Manguino-o Port extension, passenger terminal building in Calbayog City
CALBAYOG CITY, Apr 26 (Mabuhay) – President Benigno S. Aquino III led the inauguration Friday of the Manguino-o Port pier extension and passenger terminal building in this city, which is expected to boost trade and tourism in Northern Samar and nearby areas. In his message during the inauguration, the President said the pier extension and [...]
Chiz to U.S.: Pay Tubbataha damage in cash, not kind
MANILA, Apr 24 (Mabuhay) – The government should not accept a suggestion that the United States government provide aid to cover for the P58 million in damages to the Tubbataha Reef, re-electionist Senator Francis “Chiz” Escudero said. He said the U.S. should pay in cash, not in kind. “I insist that the U.S. government pay [...]
PHL joins sustainable ocean summit
The Philippines is taking part in the world’s largest gathering of ocean stakeholders that seeks to develop leadership and collaboration in the sustainability risks and opportunities affecting the future of marine environment. Secretary of Environment and Natural Resources Ramon J. P. Paje represents the country to the second Sustainable Ocean Summit (SOS) being held from [...]
NEDA: Gains in agro-based products growth seen in PHL exports
The growth of agro-based exports may be sustained with the opening up of new markets for sugar and bananas, according to the National Economic and Development Authority (NEDA). “In addition to South Korea and India, Indonesia and the Middle East, were also identified as potential market for sugar,” said NEDA officer-in-charge (OIC) and Deputy Director-General [...]
