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January 15 – As a result of the implementation of Republic Act 9511 one month earlier on December 1, 2008, privately-owned National Grid Corporation of the Philippines (NGCP) took over the Philippine power grid from government-owned National Transmission Corporation (TransCo) which officially started NGCP to operate, manage, and maintain the ...
The Freeport Area of Bataan (FAB), formerly known as Mariveles Free Trade Zone from June 21, 1969 to November 20, 1972, and primarily as Bataan Export Processing Zone (BEPZ) and Bataan Economic Zone (BEZ) from November 20, 1972 to October 23, 2009 and secondarily from October 23, 2009 to June 30, 2010), is a special economic zone in Mariveles, Bataan, Philippines.
Because of this growth, the Western Visayas economy increased its contribution to the gross domestic product in 2009 to 7.6 percent from the 7.3 percent in 2008. [49] In Central Visayas, the long-term goal is for it to be the leading growth center in the country, that would steer the Philippine economy into greater heights.
In the previous year, 2009, Investment (% of GDP) for Philippines was 14.65% Investment (% of GDP) for Philippines in 2010 was or will be 6.65% more than it was or will be in 2009. [3] Balance of Payments 2000-2008 PSY 2010 [4] Philippines is aiming to generate 400 billion pesos (US Dollar 10 billion) in investment commitments in 2013. This ...
Following the Asian economic crisis in 1997, the 2008 crisis imposed new challenges to the Philippines as a developing country. The following are expositions of the macroeconomic impacts of the crisis on the Philippines, its implications in the prevalent poverty scenario, and policies and programs undertaken by the government in response to the ...
A comparative graph of Revenue and Tax Effort from 2001 to 2010 [3] A comparative graph of Tax and Non-Tax Revenue contribution from 2001 to 2010 [4]. The Philippine government generates revenues mainly through personal and income tax collection, but a small portion of non-tax revenue is also collected through fees and licenses, privatization proceeds and income from other government ...
The Philippines faced six back to back typhoons in just 23 days last month, an unprecedented onslaught of storms that scientists say were fueled by unusually hot oceans and higher air humidity ...
Political stability and economic improvements, such as the peace agreement with the Moro National Liberation Front in 1996, [12] were overshadowed by the onset of the 1997 Asian financial crisis. [13] [14] Ramos' successor, Joseph Estrada assumed office in June 1998 and under his presidency the economy recovered from −0.6% growth to 3.4% by 1999.