Tag: Economic Growth

PHL economy contracts by 0.2 percent in first quarter of 2020

PSA says this is PHL’s first economic contraction since 1998 (Eagle News) — The Philippine economy contracted by 0.2 percent in the first quarter of 2020, its first contraction since the fourth quarter of 1998, the Philippine Statistics Authority said. According to the PSA, the main contributors to the decline were manufacturing, transportation and storage, and accommodation and food service activities. Agriculture, forestry and fishing; and industry—both major economic sectors—contracted by 0.4 percent and 3.0 […]

Continue Reading →

PHL economy posts 5.5 percent growth in second quarter of 2019

(Eagle News)–The country’s economy grew year-on-year by 5.5 percent in the second quarter of 2019, the Philippine Statistics Authority reported on Thursday, Aug. 8. According to the PSA, main drivers for the Philippines’ economic growth were the following: Trade and Repair of Motor Vehicles, Motorcycles Personal and Household Goods Manufacturing Other Services The PSA said of the major economic sectors, services grew the fastest with 7.1 percent. This was followed by industry, at 3.7 percent, […]

Continue Reading →

World Bank downgrades PHL economic growth outlook for 2019

Country still “remains one of the fastest-growing economies in East Asia and Pacific Region,” though, WB says (Eagle News) — The World Bank has downgraded the Philippines’ economic outlook for 2019, even as it noted that the Southeast Asian country remains “one of the fastest-growing economies in the East Asia and Pacific Region.” In a statement, the WB forecast the country’s economic growth for next year at 6.5 percent, from the previous outlook of 6.7 […]

Continue Reading →

Central Florida Development Council: I-4 Corridor “at the heart of new growth in Florida”

By Melissa Sarmiento Allen EBC Florida Bureau LAKELAND, FL (Eagle News Service) — The I-4 Corridor is “at the heart of the new growth in Florida.” This is according to Sean Malott, CEO and President of the Central Florida Development Council, who was among those who attended the 3rd Annual I-4 Commercial Corridor Conference held on Thursday, Aug. 9. The event, held at Florida Polytechnic University in Lakeland, was aimed at providing a venue to discuss the most […]

Continue Reading →

Japan revises up Q3 quarterly growth to 0.6%

TOKYO, Japan (AFP) — Japan posted an economic growth of 0.6 percent in the three months to September from the previous quarter, according to new data published Friday that showed the world’s third-largest economy expanding twice as fast as previously estimated. Robust capital spending boosted the new quarterly figure sharply higher than the preliminary 0.3 percent and beat market expectations that growth would be revised up only slightly. The data confirmed the economy grew for the […]

Continue Reading →

Economic indicators show China’s stable economic growth in April

CHINA (Reuters) — Economic indicators show stable growth in the Chinese economy in April. The National Bureau of Statistics (NBS) released the economic data of industry, retail sales, investment and service industry in Beijing on Monday. China’s value-added industrial output, an important economic indicator, expanded 6.5 percent year on year in April, 0.5 percentage points higher than the same month of last year, according to the NBS. China’s retail sales reached 2.73 trillion yuan in […]

Continue Reading →

Kahit lumago ang ekonomiya, bilang ng mahirap sa Region 1 mataas pa rin

Pinangunahan ng Regional Development Council ang isinagawang State of the Regions Development Conference na dinaluhan ng mga opisyal ng ibat-ibang ahensya ng gobyerno at maging mga kinatawan ng mga lokal na pamahalaan ng Ilocos Norte, Ilocos Sur, La Union at Pangasinan. Inihayag ni RDC Vice Chairman at NEDA Regional Director Nestor Rillon ang kasalukuyang kalagayan ng pamumuhay sa Region 1. Aniya, ang ekonomiya ng Region 1 ay patuloy na lumalago. Bagaman nakapagtala ng 5.7 % […]

Continue Reading →

Structural reforms in Asia key to global economic growth, IMF chief says

New Delhi, India (AFP)—Asia is “the world’s most dynamic region” but structural reforms are key given its increasing importance to the global economy, International Monetary Fund chief Christine Lagarde said in New Delhi on Saturday. Asia already accounts for 40 percent of the world economy and stands to deliver nearly two-thirds of global growth over the next four years, Lagarde, the IMF managing director, told the Advancing Asia conference in the Indian capital. “Given this vital […]

Continue Reading →

APEC to create policy regarding economic growth in Asia-Pacific region

The leaders of the members of the Asia-Pacific Economic Cooperation (APEC) will formulate policies that will be the growth strategy for the economy of the Asia-Pacific region, which will include the issues of health, education and human capital development. (Eagle News Service Described by Jay Paul Carlos, Video Editing by Jericho Morales, Uploaded by MRFaith Bonalos) https://youtu.be/h-27wemodTE

Continue Reading →

Most Asian shares recover after sliding to 3-year lows

Most Asian stock markets rallied on Wednesday (September 30) after sliding to 3-year lows, but concerns lingered over a weak outlook for commodities and China’s economic growth. Japan’s Nikkei share average rebounded after tumbling in the previous day, with strength in exporters and financials offsetting weak industrial production and a sharp drop in Japan Tobacco. The Nikkei average went up 263 points to 17193.84, while the broader Topix rose 21.37 points to 1396.89. Seoul shares, […]

Continue Reading →

Economic empowerment for women through MSMEs

QUEZON CITY, Sep. 30 (PIA) — The business sector has been a strategic venue for women in achieving inclusive and sustainable economic growth. Department of Trade and Industry (DTI) Undersecretary Nora Terrado said this during a strategic dialogue held recently, titled “Economies that work for Women,” which was organized by UN Women. “Women are key players in the micro, small and medium sector that comprise ninety-nine (99%) of the country’s businesses,” Terrado said, speaking in behalf […]

Continue Reading →