Economy
Strong peso hurts PH call centers
MANILA - The peso's rise is hitting call centres in the Philippines, handicapping the global leader in the lucrative business as it combats a challenge from top rival India, industry officials said Wednesday.
6.5% GDP growth in Q4 seen
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.
PH needs more investments in infra, education, tourism - BPI
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.
WB hikes 2012, 2013 growth outlook for PH
MANILA, Philippines - The World Bank has upgraded its 2012 and 2013 growth projections for the Philippines, saying the country's economic performance so far can be sustained through more reforms and additional revenues.
World Bank raises E.Asia outlook, sees PH growth at 6.2% in 2013
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.
New credit upgrade looms for PH
New York-based Moody’s Investors Service has upgraded the country’s growth path this year averaging higher to 6.3 percent in terms of gross domestic product (GDP) instead of 5.5 percent as earlier anticipated.
The booming Philippines' missing link: foreign investors
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.
More Pinoys without jobs in October
MANILA – Strong economic growth does not necessarily mean more jobs.