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PHILIPPINE GOV'T KEEN TO SECURE INVESTMENT FUNDS.
MANILA, Feb 4 Asia Pulse - The government is urging investors to put in their money into the country's growing economy.
"Economic growth potential props up investments. More investment creates more jobs opportunities," Palace Spokesman Ignacio Bunye said.
Bunye said more investments, particularly in the small and medium enterprises (SMEs) sector, are expected to reduce unemployment.
This, as data showed SMEs now comprise more than 90 per cent of the total establishments in the country.
Philippine Gross Domestic Product, the common measure of economic performance, grew by 4.6 per cent in 2002 from previous year's 3.2 per cent.
Last year's growth was the highest since the 1997 Asian financial crisis.
It exceeded all forecasts notwithstanding the domestic stocks the ...
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- PHILIPPINES' GROSS NATIONAL PRODUCT RISES 5.8 PCT IN 1ST QUARTER.
- News wire article from: AsiaPulse News May 31, 2006 700+ words
...country's gross domestic product (GDP) registered...while the gross national product (GNP) grew 5...cent growth in gross domestic product (GDP) and 5.8 per cent in gross national product (GNP)," the President...