Philippines Beats All Estimates in GDP Growth, Fastest Pace in 17 Years
June 1, 2007The estimate growth of Philippine GDP is 5.5%-5.9% but the data/news shows otherwise, it's 6.9%!
Philippine Growth Accelerates, Beating All Estimates (Update4)
By Francisco Alcuaz Jr.
May 31 (Bloomberg) — Philippine economic growth quickened in the first quarter, exceeding all expectations, as money sent home by nationals working abroad buoyed consumer spending and exports to China soared.
The $117 billion Southeast Asian economy expanded 6.9 percent from a year ago, following a revised 5.5 percent gain in the previous three months, the National Statistical Coordination Board said in Manila today. Economists expected 5.7 percent.
$1B Plant for TI in the Philippines
May 4, 2007This is definitely great news for the Philippines in general. Texas Instruments may paved the way for other foreign companies to invest in the country. According to other reports it’s going to be eco-friendly too. Hopefully this will drive DLP HDTV's down and the calculator that every US high school student love to hate the TI-83.
On side note: Hopefully they can make a law if it doesn’t exist yet that every plant in the Philippines onward possible 2010 must be eco-friendly.
