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  • 菲律賓國旗

  In Q3, the Philippine economy expanded by 5.9%

  According to PH economy grew by 5.9% in Q3 | Inquirer Business, The Philippine Statistics Authority (PSA) said on November 9 that the country's GDP expanded by 5.9 percent year over year in the third quarter, above market estimates and surpassing the 4.3 percent growth noted in the second quarter.This increased the nation's average gross domestic product (GDP) growth for the year to 5.5%.Arsenio Balisacan, the secretary of socioeconomic planning, according to PH economy grew by 5.9% in Q3 | Inquirer Business, stated at a news conference that the government has to expand by 7.2 percent in the last quarter of the year in order to meet at least the lower end of its projected growth rate of 6 to 7 percent for this year.For a nation struggling with persistently high consumer costs, the most recent data was encouraging. It exceeded most estimates for GDP, which ranged from 4.3 to 4.9 percent.According to PH economy grew by 5.9% in Q3 | Inquirer Business, average inflation between January and October reached 6.4%, much over the government's goal range of 2 to 4%. This is particularly hurting consumer spending, which is the backbone of the economy.The third quarter's growth in household consumption was 5.5%, according to the data, which was less than the 5.5 percent rise in the previous quarter.In an effort to control inflation, which is also stifling development, the Bangko Sentral ng Pilipinas (BSP) has started its most extreme tightening program in 20 years.Currently, according to PH economy grew by 5.9% in Q3 | Inquirer Business, the BSP's consideration of the third quarter GDP statistic will be a crucial factor in determining whether more tightening is necessary once it meets on November 16th.

  2023-11-10 03:00
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  • 菲律賓國旗

  PH President Marcos will be there when agreements on important sectors are signed during the APEC meeting

  According to Marcos to witness signing of agreements on priority sectors in APEC meet | Inquirer News, at the Asia-Pacific Economic Cooperation (APEC) Summit, President Ferdinand Marcos Jr. is expected to witness the signing of several agreements, including ones pertaining to nuclear energy, cancer research, and other topics.According to Marcos to witness signing of agreements on priority sectors in APEC meet | Inquirer News, during his pre-departure speech at the Villamor Airbase in Pasay City, Marcos said that he would be meeting with regional business leaders.A number of government-to-government, public-private, and business agreements that have been negotiated over the past few months are expected to be signed on the fringes of the APEC Summit, according to Marcos. These agreements cover priority sectors like nuclear energy, artificial intelligence for weather forecasting, health sciences, particularly cancer research, diagnosis, treatment, and prevention, pharmaceutical manufacturing, and satellite connectivity.According to Marcos to witness signing of agreements on priority sectors in APEC meet | Inquirer News, along with his official working visit in May of last year, where they emphasized the need of establishing closer economic ties and making sure that the Philippines' bilateral friendship and relationship work for both Filippino peoples, this trip represents Marcos' third visit to the United States as part of the Philippines' ongoing efforts to further reinforce our already strong bond.According to the President, he will speak with American business executives to advance trade in the Philippines, just like he has done on previous trips to the US.Marcos is scheduled to speak with the Filipino populations in Honolulu, Los Angeles, and San Francisco when he is in the US, according to Marcos to witness signing of agreements on priority sectors in APEC meet | Inquirer News

  2023-11-18 03:00
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  • 菲律賓國旗

  Philippine Senate requests that fake Philippines’ passports be investigated

  According to Senate wants fraudulent PH passports probed | Inquirer News, in an effort to find the people responsible for the phony issuing of Philippine passports and other official documents to Chinese nationals and other foreigners, Senate President Juan Miguel Zubiri requested on November 13 the assistance of the government's intelligence services.The technique, which reportedly implicated corrupt government officials, would undermine national security, Zubiri informed officials of the National Intelligence Coordinating Agency (Nica) and the National Security Council (NSC) during the resumption of the Senate plenary budget deliberations.Sen. Ronald dela Rosa brought up the issue for the first time during last week's discussions on the Department of Foreign Affairs' (DFA) budget proposal, and Senate President Juan Miguel Zubiri stated that the National Bureau of Investigation was looking into it on its own.According to Senate wants fraudulent PH passports probed | Inquirer News, the Department of Foreign Affairs (DFA) claims that the international applicants for Philippine passports had provided valid birth certificates from the Philippine Statistics Authority.As per the Senate President's statement, legislation ought to be submitted to enforce more severe consequences for those who offer foreigners documents that belong solely to Filipino nationals.The NSC and Nica budget recommendations were supported by Sen. Juan Edgardo Angara, who stated that the officers of the two intelligence agencies have committed to cooperating with the probe.Zubiri's worries were acknowledged by Senator Risa Hontiveros, according to Senate wants fraudulent PH passports probed | Inquirer News, who also mentioned that Chinese nationals employed by Philippine offshore gaming companies (Pogos) were among those who had obtained legitimate identity cards.According to Senate wants fraudulent PH passports probed | Inquirer News, amidst the recent searches by police in their hubs in Metro Manila, the opposition senator also issued a warning, stating that Pogos were already moving to the countryside.

  2023-11-14 03:00