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16. August 2009 · Comments Off · Categories: Government Bond Rates · Tags:

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Philippines Economic News
Philippines Economy - Google News
©2014 Google

Philippines economy slows sharply in third quarter - BBC News
Philippine Economy Expanding Like It's 1950s on Consumption Boom - Businessweek
Aquino on China, ISIS, Philippines' economy and his private life - The Straits Times
PHL climbs in World Bank's governance report - GMA News
Moody's gives PHL another credit rating upgrade - GMA News
Business confidence in Phl economy improves in Q4 - Philippine Star
Is Asia's shining economic star losing its luster? - CNBC
Aquino: APEC visitors to experience 'inclusive, growing' PH - Rappler
Economists worry more over inflation than GDP in Ruby aftermath - GMA News
Almost 20% Of UAE Filipinos Mull Property Buy In The Philippines In 2015 - Gulf Business News

The economy of the Philippines has a mixed economic system, and one of the newly industrialized emerging market economies of the world. In 2007, it was ranked as the 37th largest economy by the International Monetary Fund according to purchasing power parity. It was one of the fastest-growing economies in Asia, posting a real GDP growth rate of 7.3% in the year 2007. Growth slowed to 4.5% in 2008 as a result of the global financial crisis.

Important sectors of the Philippine economy include agriculture and industry, particularly food processing, textiles and garments, and electronics and automobile parts. Most industries are concentrated in the urban areas around metropolitan Manila, while metropolitan Cebu is also becoming an attraction for foreign and local investors in recent dates. Mining also has great potential in the Philippines, which possesses significant reserves of chromite, nickel, and copper. Recent natural gas finds off the islands of Palawan add to the country’s substantial geothermal, hydro, and coal energy reserves.

On January 31, 2008, Philippine 2007 GDP grew 7.3%, the fastest in 31 years: its economy grew seasonally adjusted 1.8%, faster than expected in the 4th quarter while inflation was tamed at 2.8% amidst sharp increases in oil prices; Frederic Neumann, HSBC economist stated that: “Evidently economic momentum is very strong, therefore if we see a slowdown in economic growth, it would only materialise in the second half of the year. We therefore see a reduced need for the central bank to cut rates aggressively now and we might see that today with a 25 basis point cut.”

In 2008 the nominal GNP Per capita was US $ 2,060 and the PPP GNP Per capita was US$ 4,120. The total nominal GNP was US $ 188 billion and the total PPP GNP was US $ 376 billion.Balisacan and Hill (2003 and 2007) give a comprehensive account of the Philippine economy during the past four decades. Specifically, readers may refer to the first chapter of the 2003 volume for a historical account of Philippine economic development, and the first chapter of the 2007 volume for an account of the regional and geographic development dynamics.

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Philippine Peco (PHP)

 

 

Republic of the Philippines

Republika ng Pilipinas
Motto: Maka-Diyos, Maka-Tao, Makakalikasan, at Makabansa[1]
(“For God, People, Nature, and Country”)
Anthem: Lupang Hinirang
(“Chosen Land”)
Location of Philippines(green)in ASEAN(dark grey) — [Legend]
Capital Manila
14°35′N 121°0′E / 14.583°N 121°E / 14.583; 121
Largest city Quezon City
Official languages Filipino, English
Recognised regional languages Bikol, Cebuano, Hiligaynon, Ilokano, Kapampangan, Kinaray-a, Maguindanao, Maranao, Pangasinan, Tagalog, Tausug, Waray-Waray
Voluntary and optional languages Spanish and Arabic
National language Filipino
Demonym Filipino, Pinoy
Government Unitary presidential constitutional republic
- President Gloria Macapagal-Arroyo
- Vice President Noli de Castro
- Senate President Juan Ponce Enrile
- House Speaker Prospero C. Nograles
- Supreme Court Chief Justice Reynato Puno
Independence from Spain
from United States
- Established April 27, 1565
- Declared June 12, 1898
- Self-government March 24, 1934
- Recognized July 4, 1946
- Current constitution February 2, 1987
Area
- Total 300,000 km2 [3](72nd)
115,831 sq mi
- Water (%) 0.61%[3]
Population
- 2009 estimate 92,226,600[4][5] (12th)
- 2007 census 88,574,614 [6]
- Density 295/km2 (44th)
765/sq mi
GDP (PPP) 2008 estimate
- Total $320.384 billion[7] (36th)
- Per capita $3,546[7] (123rd)
GDP (nominal) 2008 estimate
- Total $168.580 billion[7] (47th)
- Per capita $1,866[7] (121st)
Gini (2006) 45.8[3] (medium)
HDI (2006) 0.745[8] (medium) (102nd)
Currency Peso (Filipino: peso ) (PHP)
Time zone PST (UTC+8)
- Summer (DST) not observed (UTC+0)
Drives on the right[9]
Internet TLD .ph
Calling code 63
1 Spanish, and Arabic are recognized as auxiliary languages in the Philippine Constitution.
2 Rankings above were taken from associated Wikipedia pages as of December, 2007, and may be based on data or data sources other than those appearing here.

 

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