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Economy - overview:
The Philippine economy grew at its fastest pace in three decades with real GDP growth exceeding 7% in 2007. Higher government spending contributed to the growth, but a resilient service sector and large remittances from the millions of Filipinos who work abroad have played an increasingly important role. Economic growth has averaged 5% since President MACAPAGAL-ARROYO took office in 2001. Nevertheless, the Philippines will need still higher, sustained growth to make progress in alleviating poverty, given its high population growth and unequal distribution of income. MACAPAGAL-ARROYO averted a fiscal crisis by pushing for new revenue measures and, until recently, tightening expenditures. Declining fiscal deficits, tapering debt and debt service ratios, as well as recent efforts to increase spending on infrastructure and social services have heightened optimism over Philippine economic prospects. Although the general macroeconomic outlook has improved significantly, the Philippines continues to face important challenges and must maintain the reform momentum in order to catch up with regional competitors, improve employment opportunities, and alleviate poverty. Longer-term fiscal stability will require more sustainable revenue sources, rather than non-recurring revenues from privatization. |
Trade Fairs,
Exhibitions, Conferences: |
Cebu International Furniture and Furnishings Exhibition (Cebu X)
The perfect opportunity for small, medium and large Filipino furniture and furnishings manufacturers to penetrate the global market and the best venue where international buyers and Filipino exhibitors to converge, the Cebu International Furniture and Furnishings Exhibition (Cebu X) is the perfect Design Destination.
Venue: Cebu International Convention Center
Fiera de Manila
Fiera de Manila (FMI) is a full service exhibition company which provides professional, efficient, and quality service in the organization and management of trade shows, conferences, in-store promotions, selling missions, corporate product launchings, and special events. FMI works in close cooperation with trade associations, business corporations, retailers and exporters to help expand trade and promote the exchange of goods and services in the Philippine New Economy.
Manila Now
Philippine International Furniture Show
Ten years after it was first held, the Philippine International Furniture Show remains an important stop for international buyers on their annual Asian swing. That’s because PIFS continues to be a vital source of well designed and well-manufactured furniture that are in tune with new design directions. There is also the fact that Philippine furniture designers and makers are famous for their material innovations.
Organiser: Chamber of Furniture Industries of the Philippines |
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