By Michelle V. Remo
The Philippine economy expanded 7 percent in the third quarter from a year ago on the back of rising investments, household consumption and government spending, making it one of the fastest-growing in Asia.
Manufacturing output in the country grew at a slower pace in March amid calls for the government to implement measures to boost the country’s industrial sector.
The growth in the Philippines’ industrial sector likely accelerated in March due to the improving outlook on the country’s investment climate, says Moody’s Analytics.
By Niña P. Calleja and Michelle V. Remo
WITH the midterm elections scheduled in May and as US president Barrack Obama starts his second term in January, Filipino businessmen are now bullish that the local economy will grow even stronger in 2013.