Tag Archives: Philippine economy

[Event] #WhyMining -RAPPLER.com


March 2, 2012


The strongest advocates and critics will converge on Friday, March 2, at Inter-Continental Hotel in Manila for a forum on mining.

The Conference on Mining’s Impact on Philippine Economy and Ecology comes amidst a new mining policy that was controversial for allegedly requiring a review of resource contracts, tighter rules and cutting tax breaks.

It also comes at the end of People’s Action Week Against Mining, a series of conferences by various advocates against destructive mining.

Read more @ www.rappler.com/move-ph/

[In the news] PH economy slows down under Aquino – RAPPLER.com

PH economy slows down under Aquino – RAPPLER – Philippine News | Multimedia | Citizen Journalism | Social Media.

by Katherine Visconti, RAPPLER.com

January 30, 2012

 MANILA, Philippines – In 2011, the first full year of the Aquino administration, the Philippine economy slowed down to 3.7% from a robust 7.6% the year before due to factors beyond the government’s control–global economic woes and bad weather–as well as the well-criticized delays in government spending on crucial infrastructure.

This confirms previous forecasts that the government missed its GDP growth rate target of 4.5% to 5.5% for 2011. Gross domestic product (GDP) is one of the primary indicators to gauge the health of an economy.

Read full article @ www.rappler.com

[in the news] 38% of Filipinos believe Philippine economy worsened in 2011 — survey – InterAksyon.com

38% of Filipinos believe Philippine economy worsened in 2011 — survey
by Abigail Kwok, InterAksyon.com
January 9, 2012

 MANILA — Thirty-eight percent of Filipinos believe that the Philippine economy deteriorated in 2011, results of a recent Pulse Asia survey showed on Monday.

The survey, conducted last November 10 to 23, 2011, showed that only 18 percent of Filipinos surveyed believed that the economy improved. The 38 percent who believed the economy deteriorated was an increase compared to the October 2010 survey that showed only 16 percent of Filipinos believed the economy deteriorated during that period.

Among those who claimed that the Philippine economy is in a “worse state,” 66 percent were “strongly affected” by this deterioration. Majority experienced economic deterioration across geographic areas and socio-economic groups.