Posts Tagged ‘ RP ’

MANILA – Along with the world’s biggest economies, the Philippines has been showing “signs of recovery” from the global crisis, the National Statistical Coordination Board (NSCB) said on Wednesday. According to NSCB Secretary-General Romulo Virola, a number of the country’s major economic indicators have started to show signs of recovery as early as February...
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Most Philippine banks are strong enough to withstand effects of the global downturn, international credit rating agency Fitch Ratings Ltd. said in a statement datelined Singapore. This explains why the New York and London-headquartered agency kept a stable outlook on most banks’ credit ratings, even with weak macroeconomic indicators, the agency added.
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MANILA – Amid dreary forecasts made by various international and multilateral organizations, economic research group IDEA (Institute for Development and Econometric Analysts Inc.) is expecting the Philippines to escape recession this year with a 1.74% gross domestic product (GDP) growth. According to IDEA Chairman and University of the Philippines professor Cayetano Paderanga Jr., the...
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TIANJIN – Powerade Team Pilipinas failed to put up the game it desired in preparation for the quarterfinals, pulling off a so-so 85-71 win over lowly Kuwait in the final day of the 25th FIBA Asia Championship eliminations at the Tianjin Gym here yesterday. “I’m disappointed even if we won the game. I think...
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MANILA, Philippines – Many predicted a grim future for the export-dependent Philippines as the global slump hit world trade, but recent data suggest it could avoid recession as the government remains defiant. The Philippines has talked up its resilience, while bodies such as the World Bank (WB) and International Monetary Fund (IMF) see the...
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