Economy
Growth will remain solid this year - BSP
MANILA, Philippines - Economic growth will remain solid this year led by an “encouraging” first quarter performance that is expected to show domestic demand as well as external trade contributing to economic expansion, Bangko Sentral ng Pilipinas (BSP) Governor Amando Tetangco said.
'Jobless growth' puzzle haunts PH
MANILA -- The irony of a “jobless growth” continues to hound the Philippines. Although the country posted the fastest economic acceleration in Southeast Asia in 2012, it remains as the cellar-dweller in terms of employment rate in the region.
Outlook still cloudy for British economy
LONDON - Bank of England chief Mervyn King suggested this week the "black cloud" over the economy may be lifting, but with assets buoyant and the pound feeble, what investors think of Britain's growth prospects is less clear.
PH economy could grow 6.4% this year - economist
MANILA, Philippines - Maybank ATR Kim Eng expects the Philippine economy to grow 6.4 percent in 2013, bolstered by the likelihood an investment-grade status by international credit rating agencies will be clinched this year.
Gov't needs PPPs, investment in manufacturing to buoy economy
MANILA, Philippines - Former Finance Secretary Roberto de Ocampo said the government needs to speed up public-private partnership and other infrastructure projects and attract more investment in the manufacturing sector.
US recovery leaving Europe, Japan behind
WASHINGTON - A sharp fall in the unemployment rate Friday and a fresh all-time record for stocks show the US economy pulling away from its peers, gaining ground while Europe and Japan remain stagnant.
PH elite swallow country's new wealth
MANILA - Optimism is soaring that the Philippines is finally becoming an Asian tiger economy, but critics caution a tiny elite that has long dominated is amassing most of the new wealth while the poor miss out.
High economic growth 'no fluke' - DTI
MANILA, Philippines - Posting an annual economic growth of more than 6 percent is no longer a “fluke” for the Philippines, Trade Secretary Gregory Domingo said in a forum on Tuesday.