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First-quarter growth averaging 5.7 proved broad-based although lower than forecast
The economy expanded at the rate of 5.7 percent in the first three months of the year in terms of the gross domestic product (GDP), slower than various analyst forecasts averaging 5.9 percent during the period but quicker than the adjusted but scaled-back growth of only 5.5 percent a quarter earlier, the Philippine Statistics Authority (PSA) said on Thursday.
Agriculture ekes out growth in 1Q on higher poultry production
Efforts of President Ferdinand Marcos, Jr.'s administration to modernize agriculture and assist farmers and fishermen helped the farm and fishery sector grow in the...
Philippine inflation accelerates in April, fueled by higher food prices
Consumer prices continued to pick up pace in April, with the cost of food such as rice, fish and vegetables as well as that of fuel leading the way.
1Q growth likely accelerated even as government debt acts as growth impediment
Output growth averaging only 5.5 percent in the December quarter last year was seen accelerated to 5.8 percent in the quarter ended March this year, according to analysts at Moody's Analytics
DOE awards 65,000 MW worth of wind contracts to 92 proponents
The government has awarded 92 offshore wind (OSW) contracts with potential capacity of 65,049 megawatts (MW) as of 25 March this year, the Department of Energy (DOE) said.
