The Philippine economy grew by 6.1 percent in 2014, slower than the 7.2-percent expansion posted in 2013, the National Economic and Development Authority announced on Thursday.
Ongoing debt reduction and improvements in fiscal management, continued favorable prospects for strong economic growth and limited vulnerability to the common risks currently affecting emerging markets.
Ilocos Sur capital Vigan has been selected as one of the New 7 Wonders cities. New 7 Wonders made the announcement via YouTube December 8, 3 am Manila time.
The Manila International Airport Authority (MIAA) has moved the integration of terminal fees into the cost of airline tickets from October 1 to Saturday, November 1. It has been deferred to give airlines and travel agencies more time to adjust their systems to the policy.
The Philippines has been awarded another investment grade rating, this time from Korean firm National Information and Credit Evaluation Ratings Inc. (NICE). The credit rating raised the country’s long-term, foreign currency rating by a notch to BBB- with a positive outlook.
The Philippines advanced 8 places in the World Economic Forum's (WEF) annual survey measuring how open countries are to international trade.
Foreign Affairs Secretary Albert F. del Rosario will lead the celebration of the 47th Anniversary of the Association of Southeast Asian Nations (ASEAN) in a commemorative Reception on August 15 at the Bulwagang Apolinario Mabini.
The International Monetary Fund (IMF) has upgraded its growth outlook for the Philippines to 6.5 percent on the back of increased infrastructure spending this year and in 2015.
The Philippines has been included in a new group of four countries which pose a challenge to economic juggernauts Brazil, Russia, India and China, more popularly known as BRICs.