Philippines economy grows faster by 5.9 percent in 3rd quarter
MANILA, Philippines — The Philippine economy expanded at a faster pace in the third quarter from the previous quarter, supported by a turnaround in government spending.
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Press Release - Revilla lauds GDP growth
Senator and Lakas-CMD Chairman Ramon Bong Revilla, Jr. today lauded the President and his economic team on the country's Q3 GDP growth.
Statement of Budget Secretary Amenah F. Pangandaman on the Q3 GDP Growth Rate
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.
NHA, LWUA flagged over unfinished Yolanda projects
MANILA, Philippines — The Commission on Audit (COA) has called out two government agencies over unfinished housing and water provision projects in areas affected by the 2013 Super Typhoon Yolanda.
Negros farmers selling rice at P25/kilo anew
BACOLOD CITY, Philippines — Rice farmers, aided by the provincial government in reducing their labor inputs, have been selling rice anew for P25 per kilo at the “Bigasan ng Bayan” outlet located in the Food Terminal Market of Negros Occidental (FTMON) since Nov. 7.
Q2 GDP data revised but growth still 4.3%
SECOND-QUARTER (Q2) growth remains at 4.3 percent, but changes have been made with regard to several economic activities, the Philippine Statistics Authority (PSA) said on Wednesday.
Inflation seen slowing for the rest of the year
INFLATION will likely ease further in the last two months of the year following a better-than-expected October result, analysts said.