Tag: Fast

PHL economy to grow robustly despite threats: Moody’s

The Philippine economy should continue to grow robustly in the short term despite threats, Moody’s Investors Service said. In a report, the credit ratings agency said the “re-emergence of conflict in the southern Philippines, as well as the Duterte administration’s focus on the eradication of illegal drugs,” are an “unlikely risk of a deterioration in economic performance and institutional strength” despite them being “rising” threats. According to Moody’s, sound economic and fiscal policies including a focus […]

Philippine economy surges

The Philippine economy grew by 6.5 percent in the three months to June, likely one of the fastest in Asia, the government said Thursday. “I am pleased to inform you that we remain as one of the best-performing economies in Asia,” Economic Planning Secretary Ernesto Pernia said in a speech to announce gross domestic product growth for the second quarter. “We are well on track to meeting our full-year target growth of 6.5-7.5 percent,” he […]

Neighborhoods west of Denver evacuated ahead of fast-moving wildfire

  COLORADO, United States (Reuters) —  fast-growing wildfire prompted the evacuation on Monday (November 28) from an area of Green Mountain, Colorado, NBC said. The blaze charred about 300 acres and could be seen as far as 12 miles (19.31 km) away from Denver, according to local media. Firefighters managed to contain some 70 percent of the blaze, officials said. The fire was spreading in the mountains despite the cold weather with temperatures as low […]