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By Caesar Vallejos OPEN FOR BUSINESS, Eagle News Service The Philippines will continue to be a viable investment and growth hub despite the global economic slowdown. This was the message of top policymakers and business leaders at the recently concluded Manila Times Economic Outlook 2019 Forum at the Dusit Thani Manila. International Monetary Fund (IMF) Resident Representative to the Philippines Yongzheng Yang confirmed that the global growth is slowing down. He said that “in 2018, […]
By Caesar Vallejos OPEN FOR BUSINESS, Eagle News Service Department of Finance Carlos Dominguez III said that by the end of the Duterte administration, government spending on infrastructure is expected to be equivalent to 7% of Gross Domestic Product (GDP). “By then, we would be able to close the country’s infrastructure gap,” he said. Speaking at the recently concluded 9th Business Forum on the Philippine Economic Outlook for 2019 organized by the Manila Times, Dominguez […]
(Eagle News) — The Philippines will continue to be the “fastest-growing economy” in the Association of Southeast Asian Nations in the next three years. This is according to the World Bank’s January 2018 Global Economic Prospects report released on Wednesday. According to the WB, the country’s Gross Domestic Product was expected to grow 6.7 percent in 2018 and 2019. In 2020, the growth rate is expected to be 6.5 percent. The WB said the forecast […]
(Eagle News) — Investor sentiments for the Philippines have remained strong and positive. This is according to the Institutional Investor, a New York-based leading international business publisher, Presidential Spokesperson Ernesto Abella said. Abella said based on the Investor’s report, the outlook was such “despite the political challenges faced by the Duterte administration.” “The report cites that (Gross Domestic Product) ranged 6.6 percent for the fourth quarter of 2016, and mentioned the public structure spending, which has […]
