MANILA, Philippines - Despite the damage inflicted by a recent typhoon on the farm sector, economic growth in the last quarter of the year may settle at 6.5 percent on the back of more overseas Filipino worker (OFW) remittances and higher infrastructure spending in the public and private sectors.
MANILA, Philippines -- The country needs more investments infused in public infrastructure and education to sustain and further grow the economy, Bank of the Philippine Islands (BPI) President Aurelio Montinola III said Thursday.
SINGAPORE - The World Bank raised its 2013 economic growth forecasts for China and developing East Asia on Wednesday, and said the region remained resilient despite the lackluster performance of the global economy.
MANILA - The gathering had the air of a post-mortem. About 100 executives and government officials listened quietly as Guillermo Luz poked holes in the Philippines' fairytale economic revival.