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                    [Title] => RP economy grows 3.8% in first quarter of 2002
                    [Summary] => The economy grew within expectations during the first quarter of this year, with the gross domestic product (GDP) expanding to 3.8 percent, up from the 2.9 percent posted in the January to March last year.


Socio-economic planning Secretary Dante Canlas said the economy on the whole is "healthy" and "on track" to meet growth targets for the year, forecast to hit the range between 4 percent and 4.5 percent.


                    [DatePublished] => 2002-05-31 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 1237712
                    [AuthorName] => Conrado Diaz Jr.
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                    [Title] => ‘3.3% GDP growth nothing to crow about’
                    [Summary] => Opposition Senators Edgardo Angara and Tessie Aquino-Oreta said yesterday that the reported 3.3-percent growth of the country’s gross domestic product for the second quarter was nothing to crow  about. 


Angara, president of the Labang ng Demokratikong Pilipino, said that the reported growth was not based on solid and sustainable economic fundamentals and the "over-enthusiasm" of the Arroyo administration should be reined in.


He contended that the 3.3-percent growth rate was spurred by personal consumption, a one-time contribution to the GDP.


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                    [Title] => GMA orders review of foreign loans with ‘onerous’ conditions
                    [Summary] => President Arroyo ordered her economic managers yesterday to conduct a thorough review of foreign loans and assistance programs which carry "onerous conditionalities" for possible scrapping.


The President cited in particular the $175 million Grains Sector Development Program (GSDP) being secured by the Philippine government from the Asian Development Bank (ADB).


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SECRETARY DANTE CANLAS

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                    [ArticleID] => 162886
                    [Title] => RP economy grows 3.8% in first quarter of 2002
                    [Summary] => The economy grew within expectations during the first quarter of this year, with the gross domestic product (GDP) expanding to 3.8 percent, up from the 2.9 percent posted in the January to March last year.


Socio-economic planning Secretary Dante Canlas said the economy on the whole is "healthy" and "on track" to meet growth targets for the year, forecast to hit the range between 4 percent and 4.5 percent.


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                    [ArticleID] => 132958
                    [Title] => ‘3.3% GDP growth nothing to crow about’
                    [Summary] => Opposition Senators Edgardo Angara and Tessie Aquino-Oreta said yesterday that the reported 3.3-percent growth of the country’s gross domestic product for the second quarter was nothing to crow  about. 


Angara, president of the Labang ng Demokratikong Pilipino, said that the reported growth was not based on solid and sustainable economic fundamentals and the "over-enthusiasm" of the Arroyo administration should be reined in.


He contended that the 3.3-percent growth rate was spurred by personal consumption, a one-time contribution to the GDP.


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                    [ArticleID] => 96596
                    [Title] => GMA orders review of foreign loans with ‘onerous’ conditions
                    [Summary] => President Arroyo ordered her economic managers yesterday to conduct a thorough review of foreign loans and assistance programs which carry "onerous conditionalities" for possible scrapping.


The President cited in particular the $175 million Grains Sector Development Program (GSDP) being secured by the Philippine government from the Asian Development Bank (ADB).


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                    [ColumnID] => 133272
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RP economy grows 3.8% in first quarter of 2002

By Conrado Diaz Jr. | May 31, 2002 - 12:00am

The economy grew within expectations during the first quarter of this year, with the gross domestic product (GDP) expanding to 3.8 percent, up from the 2.9 percent posted in the January to March last year. Socio-economic...

Headlines

‘3.3% GDP growth nothing to crow about’

September 8, 2001 - 12:00am

Opposition Senators Edgardo Angara and Tessie Aquino-Oreta said yesterday that the reported 3.3-percent growth of the country’s gross domestic product for the second quarter was nothing to crow about. Angara,...

Headlines

GMA orders review of foreign loans with ‘onerous’ conditions

March 31, 2001 - 12:00am

President Arroyo ordered her economic managers yesterday to conduct a thorough review of foreign loans and assistance programs which carry "onerous conditionalities" for possible scrapping. The President...

Business