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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.
Cheapest fares to Cebu & Davao from SEAir
South East Asian Airlines (SEAIR) recently announced that it will launch its first domestic jet services from Manila to Cebu on July 1, 2011 and Manila to Davao on July 2 as part of the SEAIR-Tiger Airways Partner Airline Programme. Special starting fare offers will be for as low as 499 PHP one-way to/from Cebu [...]
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Mind Museum Philippines Soon To Open at The Fort
There is a educational center opening up at The Fort in two weeks time. The Mind Museum at Taguig was just an idea in 2006 but it was immediately started in 2007. The 12.5ksqM land area of thrilling exploration is a PhP1B project that is fully funded by private & corporate donors from sponsors, family [...]
Lunch Break at Antonio’s Grill with Ford Fiesta S
Last Friday, on a suppose to be busy day for the Metro the guys at Ford Philippines invited us for a Lunch Break to Tagaytay to get a hands-on experience on the all-new Ford Fiesta S. We all converged to Ford at Fort Bonifacio at 10:00AM, five of us bloggers were greeted by five different [...]
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.
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.
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, [...]
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 [...]
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, [...]
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).
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.
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.

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