• 28 November 2014
MANILA, Nov. 28 --  The Aquino government remains optimistic that it could achieve the 6.5 percent gross domestic product (GDP) growth target for the year, despite slower economic growth in the third quarter, a Palace official said Thursday. In a press briefing in Malacañang, Presidential Communications Operations Office Secretary Herminio Coloma, Jr. said they remain hopeful that the country's economy would rebound in the fourth quarter. Quoting National Economic and Development Authority (NEDA) Director General Arsenio Balisacan, Coloma said the administration’s optimism is based on the sound performance of the private sector. “Ayon nga kay Secretary Balisacan, nananatiling optimistiko ang ating pananaw, sapagkat ang performance ng private sector ay patuloy pang nagiging masigla, at inaasahan natin ‘yung paggugol ng nalalabing mga pondo na appropriated ay mapapabilis ng iba’t ibang ahensya ng pamahalaan, at maging ang impact na rin ng mga rehabilitation efforts,” he said. "Kaya’t hindi tayo natitinag sa ating optimism na gaganda ang takbo ng ekonomiya sa fourth quarter of the year at maaari pa ring matamo ang goal ng NEDA na minimum of 6.5 percent GDP growth ...Read more

Philippine economy posts 5.3 percent GDP growth

 CENTRAL  28 November 2014
MAKATI CITY, Nov 28 -- GDP grew year-on-year by 5.3 percent in the third quarter of 2014. This is lower than the growth rates of 6.4 percent in the second quarter of 2014 and 7.0 percent in the third quarter of 2013.The Services Sector decelerated to 5.4 percent but remained the main driver of GDP g ...Read more

DTI boosts SMEs integration to global market

 CENTRAL  28 November 2014
MAKATI, Nov 28 -- With Philippine exports growing by 10 percent for the first nine months of the year, the Department of Trade and Industry (DTI) is encouraging small and medium enterprises (SMEs) to expand their foothold in the global market. “While current programs and projects in promoting th ...Read more