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Tune Hotel Opens Ermita branch
Launched in December of 2011, Tune Hotels is now fulfilling its promise to open its branches to the Philippines. The first branched was opened during the Hot Air Balloon Festival in Clark and very recently, the next branch was opened in Ermita Manila. The Angeles branch is a 165 room hotel. Hon. Alfredo S. Lim, [...]
Press Con on National Accounts slatedMay 30
The National Statistical Coordination Board announces the holding of a press conference on the performance of the Philippine Economy for the First Quarter of the year 2011 with NEDA Director General and Socio Economic Planning Secretary Cayetano W. Paderanga, Jr. as resource person on May 30, 2011 (Monday) 10:00 a.m, at the NSCB Operations Room, 5th Floor Midland Buendia Bldg., 403 Sen. Gil Puyat Avenue, Makati City.
Spending Holy Week in the City
I guess almost a hundred percent of the people in the Metro Manila went out of town for the Holy Week break. To unwind probably, to go swimming, to commemorate the holy days. Or simply to getaway the from the city. I would also do the same the past several years, but this time I [...]
One Barangay Created in the First Quarter of 2011
ne barangay was created and added in the Philippine Standard Geographic Code (PSGC) masterlist during the period January to March 2011. Thus, the number of barangays increased, from 42,025 as of December 31, 2010 to 42,026 as of March 31, 2011.
Leading Economic Indicatorrises for 5th consecutive quarter
The composite leading economic indicator (LEI) rose for the fifth consecutive quarter but the upswing in the fourth quarter of 2010 continued the slowdown that started in the third quarter. The fourth quarter 2010 LEI increased to 0.026 from a revised 0.022 in the third quarter of 2010, the slimmest rise in the composite LEI since the fourth quarter of 2009 when the index started to shift direction after five quarters of a downward streak.
US Brand Motor Oil launches Recycled Motor Oil in the Philippines
Travelling does not only involve travel by plane, but for most us who would like to to getaway in the nearby tourist destination like Subic, Ilocos, Bicol Region, we might want to take our car with us. And travelling by car entails a lot of preparations. The used to be BLOWBAG which means Brakes, Lights, [...]
NSCB Conducts Dissemination Forum on the Revised/RebasedNational Accounts of the Philippines (NAP)
The National Statistical Coordination Board (NSCB) will conduct a Dissemination Forum on the Revised/Rebased National Accounts of the Philippines (NAP) on May 12, 2011 at 8:30 am to 1:00 pm at the Crowne Plaza Galleria, Ortigas Avenue corner ADB Avenue. During the forum, the NSCB will officially release the revised/rebased (2000=100) NAP estimates for 1998-2010, balanced in a supply and use framework, as well as the new features/recommendations of the 1993 and 2008 System of National Accounts (SNA).
Tune Hotels to open in the Philippines
Global hotel chain, Tune Hotels open its doors in the Philippines. Graced by no less than Mark Lankester, Group Chief Executive Officer, Tune hotels made their way to announce their entry to the Philippines. Set to open early next year, the first hotel to be available is Tune Hotel in Angeles, Pampanga. In the same [...]
Cebu Pacific seat sale from Clark at Php799
The Philippines’ largest national flag carrier, Cebu Pacific (CEB) slashes fares from Clark to Hong Kong, Singapore, Macau and Bangkok in a seat sale from now until May 9, 2011 or until seats last. This is for travel from July 1 to September 30, 2011. Guests from North Luzon or outside Metro Manila can travel [...]
Total Gross Revenue Index of Industries Up by 12.7 percent in Q4 2010
Total Gross Revenue Index of industries went up by 12.7 percent in the fourth quarter of 2010, from a level of 8.0 percent growth in the previous year. Real Estate registered the highest growth at 24.1 percent due to increased revenues from real estate projects, renting and leasing operations. This was followed by Trade, which grew by 13.9 percent and Finance, up by 12.7 percent.
Approved FDI plunges by 52.8 percentin Q1 2011
Total foreign direct investments (FDI) approved in the first quarter of 2011 by the four major investment promotion agencies amounted to PhP 22.0 billion, 52.8 percent lower than the FDI approved in Q1 2010. Except for the Board of Investments, the other IPAs namely Clark Development Corporation (CDC), Philippine Economic Zone Authority, and Subic Bay Metropolitan Authority (SBMA) suffered setbacks in FDI applications with SBMA and CDC registering the highest declines of 93.7 and 92.0 percent, respectively.
PHILIPPINE ECONOMY POST A MODEST 4.9 PERCENT GDP GROWTH
Underspending by the government and the slowdown in global trade constricted the economy to a lower growth in the now 2000-based GDP of 4.9 percent in the first quarter from the election stimulated 8.4 percent last year. The industry driven growth benefited from the sustained growth of Manufacturing supported by Other Services, Real Estate, Renting and Business Activities, and the recovery of Agriculture but tempered by the lackluster trading activities and the second consecutive quarter of decline in Public Administration and Defense and Compulsory Social Security which used to be referred to as Government Services.

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