President Aquino has signed the two-trillion peso Philippines 2013 budget (GBP 30 billion and approx. 16% of GDP) into law. Main priority areas are infrastructure development, health, education and support to the conditional cash transfers programme. Growth and increased revenue allow for extra spending while also reducing debt as a percentage of GDP. No pre-election splurge, but …
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News Items
Nov 08
Remittances to the Philippines by moneygram and wire transfer
Remittances are now sent to the Philippines by moneygram and wire transfer as well as traditional means through the big banks. A remittance is a transfer of money, often by moneygram or wire transfer, by a foreign worker to his or her home country and for the Philippines economy is a significant foreign currency earner. …
Oct 29
Philippines Economic Performance & Indicators 2012
At a recent meeting of the PBBC, The Philippine Ambassador to the UK, His Excellency Enrique A. Manalo, was able to report on recent Philippines Economic performance and indicators which continue to show that the Philippines economy is doing very well in comparison to most counties throughout the world. Many of the economic performance indicators continue …
Sep 21
Philippines – PPP Infrastructure Projects identified
UKTI has identified a number of high value Philippines PPP projects in the coming two years. Philippine PPP programme outlined infra projects worth at least £ 5 billion. Prioritised projects for rollout 2012-2013 are in transport, valued at £ 2 billion (rail, airports, ports and roads), and other infrastructure projects valued at £ 1.3 billion. …
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