PH News you should know: 14 January 2010

RH bill passage will help achieve country’s development goals, says solon” by Lira Dalangin-Fernandez

“The passage of the Reproductive Health bill will give the Philippines a better record of achieving its Millennium Development Goals (MDG) on reducing infant mortality, improving maternal health and eliminating hunger and poverty, a leader of the House of Representatives said Thursday.

Minority Leader Edcel Lagman thanked President Benigno Aquino III for listing the RH bill as one of the priority measures that will be up for discussion in the forthcoming meeting of the Legislative Executive Development Advisory Council (LEDAC).”

Read more at the Philippine Daily Inquirer

World Bank sees PH economy growing by 5-5.4%” by Michelle Remo

In its latest publication, “Global Economic Prospects 2011,” the World Bank has set its growth forecast for the Philippines for this year and next at a range of 5 to 5.4 percent. This is slower than its 6.8 percent growth projection for the Philippines for 2010.

“Crucial to this projection is the assumption that strong investor confidence, manifested in strong private investments and (favorable) consumer sentiment surveys, would be sustained by the government’s efforts to step up reforms in governance and to improve overall investment climate,” Eric Lee Borgne, senior economist of the World Bank for the Philippines, said during the launch of the publication on Thursday.

Read more at Inquirer Business

Higher 2010 growth seen by World Bank
THE WORLD BANK has again revised its 2010 growth estimate for the Philippines, raising it to 6.8% from the 6.2% outlook issued last October.

The adjustment, contained in the bank’s Global Economic Prospects Report that was released yesterday, is higher than the government’s 5-6% target — widely expected to have been breached last year given the 7.5% average as of September.

The Philippine forecast is below the bank’s estimate of 9.3% for East Asia and the Pacific but well above projected global growth of 3.9%.

It also compares to the International Monetary Fund and Asian Development Bank outlooks of 7% and 6.8%, respectively.

The Washington-based institution, however, maintained that gross domestic product (GDP) growth would ease to 5% this year, below the government’s 7-8% target, before rising slightly to 5.4% in 2010.

Read more at BusinessWorld

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