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MANILA, July 7 (Eagle News) —The National Economic and Development Authority (NEDA) reported that the country experienced the lowest level of inflation in June compared to the last two decades due to sufficient supply of food and moderate price pressures in energy and oil rates. According to the Philippine Statistics Authority, headline inflation rate plunged further to 1.2 percent in June 2015 from 1.6 percent in the previous month, and 4.4 percent in June 2014. […]
A RECENT evaluation report of the International Monetary Fund (IMF) had validated the Aquino administration’s transparency agenda as having helped launch reforms in the country, a Palace official has said. The IMF recently gave the Philippines a favorable score on fiscal transparency. In its June 2015 report, the IMF cited the Philippines’ public financial management reform strategy as having helped initiate reforms. The country’s fiscal reporting was recognized by the IMF as being timely, frequent, […]
The International Monetary Fund raised its forecast on the Philippine economy up to 6.7% due to high government spendings and high consumption rate of the private sector.
MANILA, Philippines — The Philippine economy grew by 6.4 percent in the second quarter, making the country the second fastest growing economy in the Asian region after China, according to the National Economic Development Authority (Neda) Thursday (Aug. 28) The second quarter growth was higher than the 5.3 percent growth posted during first quarter of 2014. “I am pleased to report to you that economic growth accelerated to 6.4 percent in the second quarter of 2014. […]
MANILA, Feb. 18 (PNA) — President Benigno S. Aquino III on Tuesday invited investors to play a larger role in efforts to make the country and the economy greater than ever before. Speaking at the Euromoney Philippines Investment Forum at the Solaire Resort and Casino in Pasay City, the President said opportunities abound along the path to shared prosperity. “As our people continue to rewrite the story of the Philippines—from the apathy of the past […]
