PH growth in Q2 meets expectations

MANILA (Mabuhay) — Philippine economic growth met expectations, picking up from their lowest levels in three years, thanks to services and industry, consumer spending and investment. Gross domestic product increased 5.6 percent in the second quarter, compared with a revised...

Queen Maxima of the Netherlands pays courtesy call on President Aquino

MANILA (Mabuhay) — President Benigno S. Aquino III welcomed Her Majesty Queen Maxima of the Netherlands during a courtesy call in Malacañang Palace on Tuesday morning. Queen Maxima, who is also the United Nations Secretary-General’s Special Advocate (UNSGSA) for Inclusive...

Fair Competition Act to reinforce PHL economy — NEDA

MANILA, July 1 (Mabuhay) — The proposed Fair Competition Act, one of the longest running congressional bills, will reinforce the Philippine economy, according to the National Economic and Development Authority (NEDA). “As the bill levels the playing field among...

Mamasapano carnage scaring away investors – biz group

COTABATO (Mabuhay) – A bloodbath in the southern Philippines has placed at risk billions of pesos in potential investment, a business leader in the region said Monday. At least three foreign firms looking to partner with local businessmen have put investments on hold after a...

Philippines opens mammoth casino-resort, seeking high-rollers

Manila (Philippines) –  AFP (Joel GUINTO) A new mega-casino opened in the Philippines Monday as the fast-growing southeast Asian nation ups its bid to become a world gaming destination. Manila aims to rival Macau and Las Vegas in terms of gaming revenues, and the...

PHL exports grows 2.9% in Oct., slowest in six months

MANILA (Mabuhay) – Philippine exports grew by 2.9 percent to $5.173 billion in October, the slowest pace since April and compares with the 15.7 percent expansion recorded in September, the Philippine Statistics Authority reported Wednesday. It was also the slowest rate since...

PHL economic growth slows in third quarter

MANILA (AFP) – Growth slowed sharply in the Philippine economy in the third quarter because of typhoon damage and falling public spending, officials said Thursday. The economy grew by 5.3 percent in the three months to September – below expectations – and 5.8 percent through the...

PNoy’s Singapore trip to cost P11.6M

MANILA, Nov 18 (Mabuhay) — President Benigno Aquino III’s two-day trip to Singapore will cost the government P11.6 million, Executive Secretary Paquito Ochoa Jr. said Tuesday. In a statement, Ochoa said the amount will cover transportation, accommodation and food...

Aquino confers Order of Lakandula on U.N. Resident Coordinator Luiza Carvalho

MANILA (Mabuhay) – President Benigno S. Aquino III on Monday conferred the Order of Lakandula, with the rank of Grand Officer, on United Nations Resident and Humanitarian Coordinator in the Philippines Luiza Carvalho. The President gave the award to Carvalho during her farewell...

Urban decay threatens hot PHL economy

By Joel Guinto MANILA (AFP) – Manila’s creaking train network means a miserable three-hour work commute for salesman Gerard Galang – just one example of major infrastructure woes that analysts say threaten to cool the Philippines’ red-hot economy. Peak-hour hell comes in many...