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News and Events

GDP Growth Slows to 6.1% in 3rd Qtr, Lowest in Three Years and Below Gov't Target

But Philippines is still one of fastest growing in East Asia

The Philippine economy grew by 6.1 percent year-on-year in the third quarter of 2018, the lowest since 2015, the Philippine Statistics Authority (PSA) announced on November 8, Thursday.The country’s economic performance in the third quarter of the year is slightly below the ...

by Elyssa Christine Lopez and Pauline Macaraeg  | November 08, 2018 11:00:00
News and Events

PH GDP Growth Drops to 6.0% in Qtr 2, Lowest in 12 Quarters

But it is still the second fastest growing economy in Southeast Asia for the quarter

The country’s gross domestic product (GDP) grew by a flat six percent annually in the second quarter of 2018, the Philippine Statistics Authority announced on August 9, slowing down from the revised 6.6-percent growth rate in the previous quarter.It is the lowest ...

by Elyssa Christine Lopez and Lorenzo Kyle Subido  | August 09, 2018 10:00:00
News and Events

Kick start your day, June 9: How much did Duterte spend for his campaign?

Plus, know who’s the richest congressman and why World Bank revises downward global growth forecast for 2016.

PDP-Laban didn’t spend for bet Duterte’s campaignPresident-elect Rodrigo Duterte spent a total of P371.46 million ($8.06 million) for his campaign, as reported on his Statement of Contributions and Expenditures (SOCE), filed on Wednesday, June 8.Related: Duterte’s Cabinet 80% completeThe statement showed he ...

by Entrepreneur Staff  | June 09, 2016 08:00:00
News and Events

Bottom line: Google to release its own phone in 2017

While Megaworld will build its 21st township and Citigroup is bullish on PH.

Google is determined to change the smartphone industry.The tech giant showcased to the public a “modular Android-powered” smartphone on Saturday, May 21 (Friday, Pacific Time) that is set to rival Apple’s iPhone and Samsung’s wide-array of smartphones.Ara—first introduced to the public at ...

by Entrepreneur Staff  | May 23, 2016 08:00:00
News and Events

PH exceeds expectations, posts 6.9% GDP growth in Q1

Relative to other Asian economies, the Philippines is now the fastest growing economy, followed by China and Vietnam.

MANILA, Philippines – Exceeding expectations, the Philippines posted its highest gross domestic product (GDP) growth since the last quarter of 2014, as it welcomed the year with a 6.9% growth.This makes the country the fastest growing economy among its selected ASEAN (Association ...

by Elyssa Christine Lopez  | May 19, 2016 02:00:00
Run & Grow

Aboitiz Equity Ventures bullish as PH welcomes new leadership

The conglomerate reports P5B net income for Q1 and eyes further growth in all its core businesses.

With a P5-billion ($107.81-million) net income from the first quarter of 2016, publicly listed holding and investment company Aboitiz Equity Ventures, Inc (AEV) is bullish that its growth will continue, on the backdrop of an economy which fate is being watched as ...

by Lynda C. Corpuz  | May 17, 2016 10:00:00
News and Events

The 5 key economic achievements under President Elpidio Quirino's term

His administration (from 1948 to 1953) left notable economic legacies, among them the country's industrialization and the central bank's creation.

February 29 marks the 60th death anniversary of the Philippines’ sixth Philippine President Elpidio Quirino. Today, his remains were reinterred from the South Cemetery in Makati City to the Libingan ng mga Bayani (Heroes’ Cemetery) in Taguig City.Quirino is now the third ...

by James Humarang  | February 29, 2016 07:00:00