• 29 May 2015
MANLA, May 29 --  President Benigno S. Aquino III has ordered government agencies to accelerate the implementation of vital infrastructure projects to boost economic growth in the remaining quarters of the year. "The President has directed the Department of Public Works and Highways (DPWH), the Department of Transportation and Communications, the Department of Education, the Department of Agriculture, and all other departments to accelerate the implementation of vital public infrastructure projects. Among these agencies, it is noteworthy that the DPWH has posted the highest utilization rate of obligated appropriations,” Communications Secretary Herminio Coloma, Jr. said during a press briefing in Malacañang on Thursday. Earlier, the National Economic and Development Authority (NEDA) announced that the first-quarter Gross Domestic Product (GDP) growth slowed to 5.2 percent because of lower-than-expected pubic spending. “A significant contributory factor to the slower growth rate is the 24.6 percent decline in public construction spending. This was due to delays in the actual disbursement of funds that are usually experienced at the start of the year,” he said. He however ...Read more

PH first quarter GDP growth is 5.2%

 CENTRAL  29 May 2015
MANILA, May 29 -- The National Economic Development Authority on Thursday reported that the country’s  GDP for the first quarter  is   5.2-percent,  lower than what the government and the market expected for the period. NEDA Secretary Arsenio Balisacan in a press briefing said that  “whil ...Read more

OIC reiterates support for Bangsamoro in Kuwait conference

 CENTRAL  29 May 2015
MANILA, May 29 – The Organization of Islamic Conference (OIC) Secretary-General Iyad Ameen Madani reiterated the 57-nation Islamic group's support for the Bangsamoro during the 42nd Session of the Council of Foreign Ministers being held in Kuwait, the Office of Presidential Adviser on the Pea ...Read more