Philippines, Now The 10th Fastest Growing Economy Worldwide The World Bank’s latest edition of Global Economic Prospects ranked the Philippines as the world’s 10th fastest growing economy in 2017. The Philippines is currently the 10th fastest economy not only in Asia but all around the world in 2017. The economy of the country is expected … Read more
Duterte Express Supports To PRA’s 80 Reclamation Projects Despite Oppositions President Rodrigo Duterte expressed his support to the Philippine Reclamation Authority (PRA) in implementing more than 80 reclamation projects. The president allows PRA to implement more than 80 reclamation projects despite the potential opposition from several environmentalists. Solar City communication and business district in Manila … Read more
The country’s economic growth for the first quater of 2015 slowed down to a three-year low of 5.2% which is considered as well below forecasts, due to lethargic government spending and weak exports according to government officials who released the latest Philippine economic growth report this year. The growth rate this year was lower than … Read more
The Philippines will be the second fastest-growing economy in the world for the year 2015, second only to China according to the latest Bloomberg survey of economists. Based upon the survey the Philippines and China will be the only two economies out of 57 included in the report that will grow 6 percent or more … Read more
The Philippine economy grew 5.7% during the first quarter of 2014, slightly lower than expected growth according to market expectations. The main reasons for the slower growth of the Philippines is because of the major devastation brought about by super typhoon Yolanda. Although the country posted a slightly lower growth, the Philippines still ranked as … Read more
According to the latest report posted by IHS, a leading provider of global market and economic information, the Philippine economy is projected to hit $1.2 trillion in 16 years or by the year 2030. Rajiv Biswas, Asia-Pacific chief of economist at IHS was quoted as saying “The Philippines economy has undergone a remarkable transition from … Read more