Islamabad—Despite visible economic slowdown, the United Nations has informed the world that Asia-Pacific part of the globe would remain a strong anchor of global economic stability, a message that would surely take tycoons optimism to new heights amid maddening entrepreneural competitions. “Demand for its exports declines and capital costs rise” in Asia-Pacific region but despite this mix the region “will remain the fastest growing region globally and an anchoer of stability in the world economy”, says a UN Economic and Social Survey of Asia and the Pacific 2012: Pursuing shared prosperity in an era of turbulence and high commodity prices. Read the rest of this entry »
Asia-Pacific anchor of global stability: UN
May 14, 2012
Stagnant industrialization
April 29, 2012
In an ironic and historic twist, the trade union movement and the Asian Development Bank (ADB), which normally do not see eye to eye on development issues, suddenly found themselves united on one: reversing the industrial hollowing out of the Philippine economy. The ADB wrote that the Philippines has an ampaw economy whose growth cannot be sustained unless its eroded industrial base is rebuilt and fortified. The ADB study, aptly titled “Taking the Right Road to Inclusive Growth: Industrial Upgrading and Diversification in the Philippines (2012),} has been circulated in the business community and members of the Cabinet. Read the rest of this entry »
‘Surprise’ 5% growth in Q1 seen, say FMIC, UA&P
April 19, 2012
THE ECONOMY could “surprise many” by growing 5% or even higher in the first quarter, First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) have projected. Read the rest of this entry »
Asia’s growth picking up; too early to celebrate
April 19, 2012
SINGAPORE — Asia’s economic growth probably troughed in the first quarter but a bounce-back may be muted, a Reuters poll showed. Read the rest of this entry »
PHL economy grew at least 5% in first quarter, says think tank
April 19, 2012
The national economy pulled off a “surprise” growth rate of 5 percent in the first quarter after the 3.7 gross domestic product (GDP) hike it posted for all of 2011, an investment firm and university think tank said Thursday in their monthly economic assessment. Read the rest of this entry »
PHL on track in growth target
April 19, 2012
THE Philippines is “on track” in achieving an ambitious growth target for 2012 “in light of the very good news in the economic front,” Secretary Gregory Domingo of the Department of Trade and Industry (DTI) said on Thursday. Read the rest of this entry »
IMF: PH to be ASEAN laggard
April 18, 2012
MANILA, Philippines – Multilateral lender International Monetary Fund (IMF) yesterday said the Philippines would be the laggard in economic growth among the Association of Southeast Asian Nations-5 (ASEAN-5) this year and in 2013. Read the rest of this entry »
IMF: Phl to be Asean laggard
April 18, 2012
MANILA, Philippines – Multilateral lender International Monetary Fund (IMF) yesterday said the Philippines would be the laggard in economic growth among the Association of Southeast Asian Nations-5 (ASEAN-5) this year and in 2013. Read the rest of this entry »
Gold reserves can wipe out poverty in Philippines – NSCB
April 11, 2012
MANILA, Philippines – If only the Philippines can tap all of its vast gold resources and reserves, poverty would be completely eradicated, according to the National Statistical Coordination Board (NSCB). Read the rest of this entry »
ADB: PH to rebound in 2012 with 4.8% growth
April 11, 2012
MANILA, Philippines – After a lackluster 3.7% economic growth in 2011, the Philippines would bounce back this 2012 with a 4.8% growth, the Manila-based Asian Development Bank (ADB) projected. Read the rest of this entry »
