Stock exchanges in Southeast Asia including the Philippine Stock Exchange were urged by the United Nations Conference on Trade and Development (Unctad) to commit to promoting sustainable investment.
Thai conglomerate Siam Cement Group (SCG) is seeking the Philippine government’s support to further promote sustainable development in the country, a ranking official of the firm said Monday.
Mindanao’s economy may grow faster than that of Luzon once the government works out the peace and order problem on the island, a Cabinet official said.
The National Economic and Development Authority (Neda) is confident that economic growth in the second semester will be within the government’s 5- to 6-percent target.
The Philippines still leads Asian countries in reducing inequality between men and women, according to the 2012 Global Gender Gap rankings of the World Economic Forum (WEF).
Bank of the Philippine Islands aims to double the loans it is extending to agribusiness in five years to support the sector’s growth.
The Philippines continues to lag behind its Southeast Asian peers in terms of foreign direct investments inflows, and the government has to lure in more foreign investors if it wants to achieve growth that will benefit all Filipinos.
The country’s annual imports in August eased for a second straight month as weaker shipments of industrial machinery and transport and telecommunications equipment point to a possible slowdown in the third quarter, supporting the Bangko Sentral ng Pilipinas’ decision to cut rates on Thursday.
The World Bank has made available financial incentives for Philippine cities converting garbage dump sites into sanitary landfills.
The World Bank Group said that it would align its new country partnership strategy in the Philippines over the next three years with the Aquino administration’s national blueprint.
The planned relocation of the New Bilibid Prison and the Correctional Institution for Women under the public-private partnership (PPP) scheme has advanced to the feasibility study stage, according to the PPP Center.
The Philippines’ total external trade in goods hit $57.506 billion in the first semester of the year, a 3.6 percent increase from the $55.499 billion recorded a year ago, official figures showed.
