THE PHILIPPINES will eventually need to build a new airport to accommodate increasing passenger traffic, the Center for Asia Pacific Aviation (CAPA) said in a report, but should immediately implement measures to decongest the country’s main gateway like transitioning to a single runway operation and increasing capacity through upgrades of its four terminals.
THE P3.35-trillion national budget for 2017 was approved and ratified yesterday by legislators, after convening for the last time in the year as a bicameral conference.
ECONOMISTS at ANZ Research have revised upward the bank’s growth forecast for the Philippines for this year and 2017, taking into account an above 7% expansion seen during the third quarter and the sustained strength in private investment which are seen supporting the country’s robust growth story.
COLLIERS International Philippines predicts the economy to grow by 6.5% to 7% this year following strong third quarter gross domestic product data.
THE COUNTRY’S debt burden eased further during the first semester, allowing the Duterte government to remain on track for a year-end goal of a debt-to-gross domestic product (GDP) ratio of 42.66%.
ROBUST imports seen in May, if sustained, could ensure 7% economic growth for the Philippines as the indicator suggests greater investment in capital goods, economists at DBS Group Research said.
THE administration of President Rodrigo R. Duterte aims to hike the spending on infrastructure to 7% of the economic output within his term, Budget Secretary Benjamin E. Diokno said on Thursday.
SUN LIFE of Canada (Philippines), Inc. (Sun Life) expects Philippine economy to grow at a modest 5.9% this year as it awaits the plans and programs of the incoming administration to further take shape.
THE GOVERNMENT should work towards awarding at least 10 more public-private partnership (PPP) projects this year for the economy to even hit the low end of growth targets, an economist said, with that level also expected to help plug the gaps in required infrastructure.
THE NATIONAL Economic and Development Authority (NEDA) said it has no immediate plans to include illicit trade in the computation of gross domestic product (GDP), citing more pressing issues in improving the quality of the economic indicator.