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(UPDATE) THE Philippine economy grew by a better-than-expected 5.9 percent in the third quarter, the government reported on Thursday, with a rebound in state spending said to have particularly factored in the acceleration.
MANILA, Philippines — The National Grid Corp. of the Philippines (NGCP) is facing a delay in the completion of one of its power grid expansion projects due to a temporary restraining order (TRO) that has been imposed on the construction of the Cebu-Magdugo 230-kilovolt (kV) line. NGCP said that the Cebu-Magdugo 230-kilovolt (kV) line is crucial for both the Cebu-Negros-Panay Stage 3 (CNP3) and the full operation of the Mindanao-Visayas Interconnection Project (MVIP).
MANILA, Philippines — The National Economic and Development Authority (NEDA) Board led by President Marcos approved yesterday three key projects, including one that will enhance the capability of the Philippine Coast Guard (PCG) to secure the West Philippine Sea.
The National Economic and Development Authority Board or NEDA Board, chaired by President Ferdinand R. Marcos Jr., approved on Thursday three high-impact projects during its eleventh meeting, involving the construction of major infrastructure projects and capability improvement for the Philippine Coast Guard (PCG).
The Philippine economy has posted a higher gross domestic product (GDP) growth of 5.9 percent in the third quarter (Q3) of 2023, the strongest among major economies in Asia.
Senator Christopher "Bong" Go, chairperson of the Senate Committee on Health and Demography, personally attended the 36th founding anniversary celebration of the Department of Health-Metro Manila Center for Health Development (DOH-MMCHD) at Century Park Hotel in Manila on Tuesday, November 7.
PART 1: RESPONSE TO SENATORS BATO DELA ROSA, FRANCIS TOLENTINO & JINGGOY ESTRADA
The economic team is pleased with this quarter’s 5.9% GDP growth, a significant improvement from last quarter’s 4.3%. This proves that with effective budget utilization, we can meet our economic targets.