PH Economy Posts 7.1% GDP Growth in 3Q 2016

Manila—(PHStocks)—The Philippines’ gross domestic product (GDP) grew year-on-year by 7.1 percent in the third quarter of 2016. This growth is driven by Manufacturing, Trade, and Real Estate, Renting and Other Business Activities.  This is higher than the growth rates of 7.0 percent in the second quarter of 2016 and 6.2 percent in the third quarter […]
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Banks to Deploy More ATMs in Sulu

Leading banking institutions operating in Sulu have pledged to install more automated teller machines (ATM) in Jolo to better serve their depositors and ease the long queues at ATM terminals especially during paydays. Related Articles:Philippine Economy Grew 6% in 3QCorruption-free PH to Attract More FDIPH Additional Rice Imports to be “Much Lower” Than EstimatedADB Okays […]
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Corruption-free PH to Attract More FDI

Foreign direct investment (FDI) inflows in the country have the potential to grow five-fold with absence of corruption in the ground, former president European Chamber of Commerce of the Philippines (ECCP) Michael Raueber said. Related Articles:Infra Still Weakest Link to Philippine Competitiveness – ECCPDOE Forecasts Tight Power Supply in the Visayas GridFDI Inflows Reach $1B […]
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PH Additional Rice Imports to be “Much Lower” Than Estimated

Manila – The Philippines’ imports of additional volumes of rice in 2016 will be “much lower” than the initial estimate of 1.3 million tonnes due to better-than-expected domestic output, the country’s economic planning chief said on Thursday. Related Articles:Challenges From Poor Soft Wheat Crop CitedPH GDP Up 7.3% in 2010PH Economy Up 7.4% in 2010Philippine […]
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ADB Okays PHL’s US$600M Loan for PPP Support

The Asian Development Bank (ADB) will extend US$600 million to the Philippine government to support its infrastructure investment efforts under the public-private partnership (PPP) program. Related Articles:ADB Can Raise Country Lending to $20B-$40BPH Stocks Flat After Profit TakingPH Stocks Surge on Strong Economic ForecastPhilippine Economy Grew 6% in 3QBanks to Deploy More ATMs in Sulu
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Challenges From Poor Soft Wheat Crop Cited

While large wheat harvests around the world have increased global supplies and led to price declines, the situation for wheat used to make cookies, crackers and cakes is more challenging. Related Articles:PH Additional Rice Imports to be “Much Lower” Than EstimatedPH GDP Up 7.3% in 2010PH Economy Up 7.4% in 2010Philippine Economy Grew 6% in 3QBanks […]
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Infra Still Weakest Link to Philippine Competitiveness – ECCP

Manila, Philippines – The current state of infrastructure in the Philippines remains the country’s Achilles heel in achieving overall competitiveness, the largest European business group in the country said, as it called for new measures to improve the local infrastructure framework. Related Articles:Corruption-free PH to Attract More FDIPhilippine Economy Grew 6% in 3QBanks to Deploy […]
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