By Amy R. Remo
Representatives of 14 prominent American franchises are in the country to tap prospective opportunities to partner with local firms as they explore the growing franchise market in the Philippines.
Economic growth likely started to accelerate in the second quarter of the year, pulled up by reconstruction efforts and higher demand for the country’s exports fueled by the recovery of advanced economies.
By Paolo G. Montecillo
Economic growth is expected to get a major boost this year as more big-ticket infrastructure projects under the Aquino administration’s public-private partnership (PPP) program get off the ground.
Standard Chartered Bank, the oldest foreign bank in the Philippines, sees the country sustaining a pace of growth above 7 percent this year and next year on the back of strong private consumption and investment growth.
By Doris C. Dumlao
The weaker-than-expected Philippine gross domestic product (GDP) growth of 5.7 percent in the first quarter was not bad but nonetheless a wake-up call given growth constraints and other risks that loomed in the horizon, economists said.