The domestic economy is expected to grow by 4.6% in 2011 after posting a faster 6.3% increase this year, the UN Economic and Social Commission for Asia and Pacific (UNESCAP) said, echoing other organizations’ forecasts of a deceleration for the country.
Leather industry in Philippines: Business Report 2010
The first two chapters of the report feature the country profile by giving general information on Philippines and by thoroughly studying its economic state, (including key macroeconomic indicators and their development trends). The third chapter covers common business procedures in the country: from starting a project to closing a business. This chapter elucidates the country’s fiscal system, existing labour practices, property rights regulation peculiarities and other issues vital for running business in this country.Read More...
Philippines Oil and Gas Report Q1 2011
The latest Philippines Oil & Gas Report from BMI forecasts that the country will account for just 1.03% of Asia Pacific regional oil demand by 2015, while providing 0.71% of supply. Regional oil use of 21.42mn barrels per day (b/d) in 2001 will reach an estimated 27.11mn b/d in 2010, then rises to around 30.64mn b/d by 2015. Regional oil production was around 8.35mn b/d in 2001, and will average an estimated 8.91mn b/d in 2010. It is set to decrease slightly to 8.89mn b/d by 2015. Oil imports are growing rapidly, because demand growth is outstripping the pace of supply expansion. In 2001, the region was importing an average of 13.07mn b/d. This total rise to an estimated 18.20mn b/d in 2010, and is forecast to reach 21.75mn b/d by 2015. The principal importers will be China, Japan, India and South Korea. By 2015 the only net exporter will be Malaysia. Read More...
Philippines - Market factors to watch - Nov 30
Here are news stories and press reports which may influence local financial markets on Tuesday: WHAT IS HAPPENING TODAY IN THE PHILIPPINES, ALL TIMES LOCAL FOLLOWED BY GMT Read More...
Gov't to import 300,000 tons sugar in 2011
MANILA, Philippines - The government will have to import at least 300,000 tons of sugar in 2011 to ensure it keeps preferential export quotas to the United States and to maintain a buffer stock, Trade Secretary Gregory Domingo said on Wednesday. Local prices of the sweetener have risen in recent months on higher world prices and a shortage in the local market after the milling season was delayed by a month.
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Growth seen slowing in 2011
WEAK MARKETS abroad and risks posed by capital inflows, the strengthening peso and inflation will slow growth next year in the Philippines and the rest of the region, a United Nations agency said in a report released late on Wednesday.Read More...
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