MANILA, Philippines — Economic growth in the second quarter was revised higher by the Philippine Statistics Authority as construction and real estate activities proved stronger than initially reported. State statisticians said in a statement on Wednesday that the gross domestic product in the April-June period now stood at 7.5%, slightly higher than the previous 7.4%. The latest figure...
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THE Marcos administration intends to complete 73 big-ticket infrastructure projects, costing P4.05 trillion, which were not finished during the previous administration, according to the National Economic and Development Authority (Neda). In a presentation at the organizational meeting of the House Committee on Flagship Programs and Projects, Neda Assistant Secretary for Investment Programming R...
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Consumer spending fell 2.7% in 2Q versus prior quarter Slower growth puts central bank’s tightening pace in spotlight The Philippines’ economic expansion was slower-than-expected in the second quarter as the fastest inflation in almost four years hurt consumption, which is a key growth driver. Gross domestic product grew 7.4% in the three months through J...
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DEVELOPING the fourth district into an economic zone and improving health services are among the priorities of former congressman Benhur Salimbangon as consultant of the Provincial Government. This early, he is already wooing locators at the Mactan Economic Zone that will be affected by the construction of the second airport runway in the next 24 years. Benhur was tapped by Gov. Gwendolyn Ga...
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Metro Manila, the Philippines’ economic center in the capital region, is the most congested city in Asia, a study by the Asian Development Bank (ADB) showed. Metro Manila is “the most congested city in the developing Asia,” ADB director for Macroeconomics, Economic Research and Regional Cooperation Adbul Abiad said in a press conference in Mandaluyong City on Wednesday. &nb...
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