• 30 January 2015
MANILA, Jan. 30 -- The Philippine economy grew by 6.9 percent in the last quarter of 2014, pushing the average full-year growth to 6.1 percent, and maintaining the country’s trajectory towards a path of high growth. Economic Planning Secretary and NEDA Director-General Arsenio M. Balisacan said the fourth quarter and full-year growth are above the market expectation of 6.0 percent and 5.8 percent, respectively. This will The Philippines ranked third in economic growth among Asian economies that have already released their fourth quarter growth data for 2014. The People’s Republic of China grew 7.3 percent and Vietnam achieved 7.0 percent growth. But on a full-year basis, the country ranked second next to China with 7.4 percent and slightly higher than Vietnam with 6.0 percent,  Balisacan said Thursday. “With this upbeat year-end performance, the economy is anticipated to gain further traction in 2015,” Balisacan added. Balisacan said the 4th quarter performance was broad-based as all the three major sectors, namely agriculture, industry and services showed “positive and robust growth.” The GDP growth was also buoyed by the significant hike in government spendi ...Read more

Nation must not deviate from real issues confronting Mindanao, says Palace

 CENTRAL  30 January 2015
MANILA, Jan. 30 --  The Palace has appealed to the public for patience, following the death of 44 police commandos in Maguindanao, saying the nation has to remain focused on fighting terrorism and achieving lasting peace in Mindanao. In a press briefing in Malacañang on Thursday, Communication Se ...Read more

DTI urges speedy passage of Competition Law

 CENTRAL  30 January 2015
MANILA, Jan. 30 -- Trade and Industry Secretary Gregory L. Domingo urges the members of the House of Representatives for the speedy passage of the Competition Law. “House Bill No. 5286 is now on Second Reading pending calendar of business since the resumption of Session last January 20, 2014. We ...Read more