Ramos presents an optimistic outlook for 1997 economy
Article Abstract:
Pres. Fidel Ramos of the Philippines is confident that the country will achieve record economic growth in 1997-1998, in large part due to low interest-rate increases, a reduction in the budget deficit, and bigger foreign investments. The public sector is expected to achieve a surplus of 4.3 billion pesos ($163.5 million) in 1997 and 17.91 billion pesos in 1998, while the budget deficit is predicted to reach 10.2 billion pesos in 1997 and 4.8 billion pesos, down from a previous forecast of 17.8 billion pesos and 7.1. billion pesos, respectively. Meanwhile, the unemployment rate is expected at around 6.5%-7% in 1997.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1997
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Philippines' new image lures investors in droves
Article Abstract:
Foreign direct investment in the Philippines amounted to $1.5 billion during 1995 as compared to $288 million in 1992 when Pres. Fidel V. Ramos took office and began implementing economic reforms. The growth is expected to shorten the gap between the country's investment rivals Malaysia, Thailand and Indonesia. Motorola Corp., Intel Corp., Acer Inc. and Avon Products Inc. are among the investors that will set up manufacturing facilities in the country by 1997.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1996
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Manila inflation fears are downplayed
Article Abstract:
Economic experts in the Philippines have dismissed fears that the increase in inflation indicates an end to the economic recovery being enjoyed by the country. They stress that such fears are exaggerated because government spending is under control and that the economy can readily absorb excess cash in the system.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1995
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