AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
PHILIPPINE TELCO, RETAIL REFORM HELP PUSH SERVICE SECTOR GROWTH.
MANILA, Feb 4 Asia Pulse - The liberalization in the telecommunications and retail trade has sustained the growth of the services sector, allowing it to contribute 2.5 percentage points to the 4.6 per cent growth of the Gross Domestic Product (GDP) posted in 2002.
In a recent press conference, Socioeconomic Planning Secretary Romulo Neri explained that "microeconomic reforms" undertaken by the government years back, have a "strong impact" on the economy's growth.
The services sector was the biggest sector in the economy in 2002, accounting for 51 per cent of GDP. Major contributions to the growth of the sector came from trade with 5.7 per cent and transportation, communication and storage with 8.9 per cent.
Neri traced the significant growth in the transportation, communication and storage (TCS) to the liberalization in the telecommunications, as he noted the quarterly growth of 10.2 per cent (1st), 9.3 per cent (2nd), 7.4 per cent (3rd) and 8.7 per cent (4th) of the sub-sector in the year 2002.
A report from the National Statistics Coordination Board (NSCB) noted that communications was the top performer in terms of growth, as its output continued to expand by 15.8 per cent in 2002, accounting for 47 per cent of the total TCS.
"The double-digit growth in communications came as a result of the popularity of mobile communication and Internet-based services and the increased role of the information communication technology (ICT) in development activities and public governance," the ...
- Turnover in retail trade -- January 2000; Total turnover in retail trade in...
- Press release article from: M2 Presswire March 23, 2000 700+ words
...turnover in retail trade in January 2000...of 7.4 per cent compared with...by 12.4 per cent. Seasonally...figure for total retail trade is 118.3...of 0.4 per cent since December 1999. The retail trade for the last...
- Total turnover in retail trade in February 2000 showed an increase of 9.4 per...
- Press release article from: M2 Presswire April 18, 2000 700+ words
...Total turnover in retail trade in February 2000...of 9.4 per cent compared with...by 16.3 per cent. Seasonally...figure for total retail trade is 120.0...of 1.2 per cent since January 2000. The retail trade for the last...
- AUSTRALIAN RETAIL TRADE FALLS 0.1 PER CENT IN FEB.
- News wire article from: AsiaPulse News April 4, 2008 700+ words
SYDNEY, April 4 Asia Pulse - Australian retail trade at current prices fell 0.1 per cent in February to a seasonally adjusted $A20...Economists had forecast a rise of 0.3 per cent in the month. RETAIL TURNOVER, current prices...
- UZBEKISTAN RETAIL TRADE TURNOVER AT US$8.9 BLN IN 2008.
- News wire article from: AsiaPulse News March 16, 2009 700+ words
...food products in retail trade turnover was 48.1 per cent and non-food products...cent and 48.8 per cent respectively). Retail trade turnover of trade...share of sales in the retail trade turnover was 36.6 per cent. The goods turnover...
- RETAIL TRADE TURNOVER IN UZBEKISTAN INCREASES 15%.
- News wire article from: AsiaPulse News November 17, 2008 700+ words
...growing 15 per cent year-on-year...Committee said. The retail trade turnover of trade...sales in the retail trade turnover was 38.4 per cent. he goods turnover...products 116.5 per cent. In January...structure of retail trade turnover the...
- CHINA'S WHOLESALE/RETAIL TRADE DEVELOPS RAPIDLY.
- News wire article from: AsiaPulse News October 10, 2003 700+ words
...in 2002, up 12.2 per cent over 2001, and 270 per cent over 1990, averaging an annual growth of 11.4 per cent. The added value of the wholesale and retail trade makes up 7 per cent of China's GDP, and about 20 per cent of the added value...
- AUSTRALIAN RETAIL TRADE RISES SLIGHTLY IN FEBRUARY.
- News wire article from: AsiaPulse News April 4, 2005 700+ words
CANBERRA, April 4 Asia Pulse - Retail trade bounced 0.6 per cent in February, amid growing signs of...cent), Western Australia (1.0 per cent) and Victoria (0.9 per cent). Retail trade was still sluggish in NSW, up 0...
- AUSTRALIAN RETAIL TRADE STRONG IN SEPT: ECONOMISTS.
- News wire article from: AsiaPulse News November 1, 2001 700+ words
...Pulse - Australian retail trade had a strong performance...Statistics showed that retail trade fell by 0.1 per cent in September after...rose by 2.9 per cent over the three month...the growth in the retail trade over the last six...