Tag: Philippines Economy

Philippines economy grows 6.9 percent, beats forecasts

MANILA , Philippines (AFP) — The Philippines’ economy grew a better-than-expected 6.9 percent in the first quarter, the government said Thursday, putting it on track to meet full year targets and making it one of Asia’s best performers for the three month period. The GDP figure beat economist forecasts of about 6.6 percent, and marks the highest quarterly growth in the Philippines since the end of 2014. It was achieved despite a drought-ravaged farm sector […]

NFA Awards Rice Import To Vietnam

The National Food Authority said on Tuesday that Vietnam emerged as the lowest bidder for the contract to supply 800,000 metric tons of rice to the Philippines this year. NFA spokesman Rex Estoperez said NFA would likely award the contract to import 800,000 metric tons of rice to Vietnam.