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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.
Paradise Philippines - Iligan City
Paradise Philippines - The iligan city has its beginnings in the village of Bayug, 2.5 kilometers north of the present Poblacion. It was the earliest pre-Spanish settlement of native sea dwellers, known as Maragats. In the later part of the 16th century, they were subdued by the Visayan migrants from the island kingdom of Panglao. [...]
Paradise Philippines - Gingoog City
Paradise Philippines - Gingoog City is a 1st class city in the province of Misamis Oriental, Philippines. It is approximately 122 kilometers east of Cagayan de Oro City and 74 kilometers west of Butuan City. It is bounded on the east by the Municipality of Magsaysay, Misamis Oriental, the province of Bukidnon; the Municipality of [...]
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.
Official maternal mortality ratio estimates for 1990 and 2000-2010 now available
The National Statistical Coordination Board Executive Board (NSCB) approved for adoption the interim estimation methodology on maternal mortality ratios (MMR), including the resulting national-level estimates for 1990 and 2000-2010, through NSCB Board Resolution No. 11-10.
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Bohol Chocolate Hills
Paradise Philippines - Chocolate Hills is an unusual geological formation in Bohol, Philippines. It is composed of around 1,268 perfectly cone-shaped hills of about the same size, spread over an area of more than 50 kilometers. They are covered in green grass that turns brown during the dry season, hence the name. The Chocolate Hills [...]
The Paradise Philippines
The Philippines consists of 7,107 islands, of which only 2,000 are inhabited and this is what they called Paradise Philippines. Only about 500 of the islands are larger than a square kilometer and 2,500 of them are not even named. The total area of the Philippines is 299,404 square kilometers. The highest mountain is Mt. [...]
South West Air Corporation opens flights to Masbate, Virac & Legazpi
I was casually browsing Facebook for some streaming updates from different pages I am subscribed when I stumble upon this very familiar Bicolano terminology – Bicol Air Express. No,  I am not talking about the favorite chili-rich dish in Bicol, it is a local airline which was launched in December. BICOL AIR EXPRESS now can [...]
Paradise Philippines - Surigao City
Paradise Philippines - The Paradise City of Surigao is a 2nd class city in the province of Surigao del Norte, Philippines. It is the capital city of Surigao del Norte. According to the 2000 census, it has a population of 118,534 people in 22,541 households and has an estimated 2005 population of 133,929. Total land [...]
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.

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