Monday, February 04, 2008
Thursday, January 31, 2008
PHILIPPINE ECONOMY SOARS TO 7.4% GDP GROWTH
4th Quarter 2007
PHILIPPINE ECONOMY SOARS TO 7.4% GDP GROWTH 
Posted 31 January 2008
The seasonally adjusted GDP, now on its 27th quarter of positive growths, accelerated to 1.8 percent from 1.0 percent in the previous quarter. Likewise, the seasonally adjusted GNP, which has also been on positive territory since the second quarter of 2003, sped up to 1.4 percent from 0.9 percent in the third quarter.
On the production side, the sustained GDP growth in the fourth quarter was bolstered by the fast expanding Services sector whose growth of 9.0 percent from 8.4 percent in the same quarter last year is the highest since 1982. Likewise, Industry went up too at a higher pace of 5.8 percent from 3.6 percent the previous year, albeit slower than during the first three quarters, mainly because of the deceleration of Manufacturing. With favorable weather conditions during the quarter, Agriculture, Fishery and Forestry (AFF) also accelerated to 5.8 percent from its year ago rate of 1.7 percent.
The following were the contribution of the three major economic sectors to the GDP growth in the quarter: Services, with 4.4 percentage points; Industry, 1.8 percentage points and AFF contributing the least with 1.2 percentage points.
On a seasonally adjusted basis, AFF contracted by 0.1 percent in the fourth quarter after three quarters of robust growths while Industry rebounded to a 0.5 percent expansion after suffering a 0.4 percent contraction last quarter. The positive growth was attributed to the strong growths of Construction, Mining and Quarrying, and Electricity, Gas and Water. Services sector came in strongest as it posted an all time record growth of 3.3 percent. The phenomenal growth was brought about by the brisk retail trading during the fourth quarter combined with the strong performances of Private Services and Finance.
The economy continued to keep pace with the population growth in the fourth quarter of 2007 as per capita GDP grew by 5.3 percent from 3.4 percent, per capita GNP by 4.4 percent from 4.0 percent, and per capita PCE by 4.2 percent from 3.8 percent.
NFIA in the fourth quarter declined however, by 3.0 percent from a 12.4 percent gain in the same quarter last year as compensation inflow declined anew by an even higher rate of 3.3 percent from only 0.2 percent in the third quarter. This was aggravated by the deceleration in Property Income from 32.0 percent last year to 18.9 percent, and the growth in Property Expense by 4.4 percent. The fourth quarter recorded the first quarter of negative growth of NFIA since the fourth quarter of 2002.
On the expenditure side, consumer spending grew by 6.3 percent from 5.8 percent a year ago. Food expenditure, which accounted for 56.1 percent of the Personal Consumption Expenditure (PCE), grew by 6.6 percent from 6.8 percent in the previous year while Miscellaneous expenditures accelerated to 7.8 percent from 5.7 percent last year. Meanwhile, Transportation/Communication and Clothing & Footwear both turned in lower growths as they decelerated to 8.2 percent from 8.3 percent and 2.4 percent from 6.5 percent, respectively. The other sub-sectors that contributed to the growth of PCE were the following: Household Operations, up by 2.7 percent from 1.9 percent; Beverages grew by 4.7 percent from 6.6 percent; Fuel, Light & Water, up by 4.3 percent from 1.4 percent; and Household Furnishings, which recovered from a negative 2.5 percent growth last year to positive 5.0 percent this year.
Government Consumption Expenditure (GCE) accelerated to 10.8 percent from a growth of 9.9 percent last year with the disbursement of government funds for infrastructure project.
Investments in Fixed Capital Formation expanded by 10.3 percent from last year’s growth of 2.2 percent on account of vigorous investments in construction. Construction grew by 17.6 percent from 5.7 percent with the hike in national government’s capital expenditures and capital transfer to LGU’s resulting in the 33.4 percent growth in public construction from 39.6 percent in the previous year. On the other hand, investments in private construction rebounded to 7.4 percent from negative 8.7 percent in 2006. Meanwhile, Durable Equipment sustained a positive growth of 4.9 percent from negative 0.5 percent in the same period last year.
Reeling from the crisis faced by the US economy, total Merchandise Exports skidded to negative 3.7 percent from a growth of 2.2 percent in the same quarter last year.
The top five Merchandise Exports were: Finished Electrical Machinery, which bounced back to a 19.5 percent gain from a 14.0 percent decline; Crude Coconut Oil, which recovered from negative 39.7 percent to positive 9.6 percent; Semiconductors and Electric Microcircuits, which expanded to 1.7 percent from negative 4.3 percent; Canned Pineapple, which rebounded to 29.3 percent from negative 7.3 percent; and Prepared Tuna, which grew by 69.1 percent from 48.9 percent. Exports of Non-Factor Services, on the other hand, accelerated to 6.4 percent from 2.9 percent in the previous year.
Total Merchandise Imports, which has been on a downhill since the first quarter of the year, continued to shrink by 3.2 percent in the fourth quarter from last year’s 0.3 percent growth.
Only three subsectors contributed positively to the growth of Merchandise Imports: Cereals and Cereals Products, with a hefty growth of 96.4 percent from a measly 0.8 percent last year; Mineral Fuels, Lubricants and Related Materials, up anew by 7.6 percent from 11.1 percent; and Dairy Products, which accelerated to 10.8 percent from 9.9 percent. On the other hand, imports of non-factor services slowed down to 11.1 percent from 17.6 percent due to the lackluster performance of Miscellaneous Services, which contracted by 0.4 percent from a 17.4 percent gain last year.
The terms of trade during the quarter resulted in a Trade Index of 104.2 percent from 109.2 percent in the same period last year. Trading Gains for the quarter amounted to P6.1 billion.
GNP Implicit Price Index (IPIN) stood at 497.1 from 478.6 in the previous year or a 3.79 percent inflation from 2006.
ROMULO A. VIROLA
Secretary-General, NSCB
Monday, January 28, 2008
5th WORLDWIDE CONFERENCE OF THE GLOBAL ALLIANCE FOR JUSTICE EDUCATION
5th WORLDWIDE CONFERENCE OF THE GLOBAL ALLIANCE FOR JUSTICE EDUCATION
December 2008 Philippine Islands
http://www.gaje.org/Conf08
GAJE will hold its 5th global conference in the Philippines in
December 2008. The conference will be hosted by the Ateneo Human
Rights Center (AHRC), a university-based institution engaged in the
promotion and protection of human rights in the Philippines, in
collaboration with Bridges Across Borders (BAB), a non-governmental
organization working in Cambodia, Thailand, Vietnam, Laos, Malaysia,
Singapore, Ireland, the United States, Mexico, Panama and Colombia.
The primary venue will be the Law School of Ateneo de Manila
University, located in the City of Makati in metropolitan Manila. The
work of the AHRC includes curriculum development, values formation and
internship programs for legal education, and the promotion of the
rights of children, women, migrant workers and indigenous peoples. The
AHRC also serves as the secretariat of the Human Rights Standing
Committee of the Law Association for Asia and the Pacific (LAWASIA).
Bridges Across Borders works on a wide variety of initiatives in
community development and capacity-building, child protection and
education, transitional justice and community legal education.
The conference program will include opportunities to learn about local
justice education activities, such as the AHRC internship program, in
which law students are introduced to the field of alternative or
developmental law practice through exposure to grassroots life and to
human rights advocacy in the Philippines; non-government organizations
from the coalition of Alternative Law Groups; paralegals based in
rural areas serving marginalized sectors such as farmers and fisher
folk; and various clinical legal education programs in the
Philippines, including a mandatory program at the law school at the
University of the Philippines.
The GAJE Conference Planning Committee is finalizing dates, conference
themes, and the call for participation, which will be sent by email to
all GAJE members. Questions and suggestions can be sent to the
Conference Planning Committee through the GAJE Executive Committee:
gaje.ec@gmail.com
Previous Conferences
2006 Worldwide Conference - Argentina
2004 Worldwide Conference - Poland
2001 Worldwide Conference - South Africa
1999 Worldwide Conference - India
Thursday, January 24, 2008
Frank Shamrock vs. Cung Le - March 29th, 2008
STRIKEFORCE MMA - HP Pavilion
March 29th, 2008
Preliminaries start at 6pm
ShowTime: 7:00 PM
Doors Open: 4 pm
Seating Chart $30-$400
On Sale: Saturday January 19 10am
Tickets for "Shamrock vs. Cung Le (Pictures)," priced from $30, go on sale this Saturday, Jan. 19, at 10 a.m. PT at the HP Pavilion box office (408-287-7070) as well as at all Ticketmaster locations (408-998-TIXS), Ticketmaster online (www.ticketmaster.com), EliteXC's official website (www.ProElite.com) and Strikeforce's official website (www.Strikeforceusa.net).
Sunday, January 20, 2008
Friday, January 18, 2008
Frank Shamrock vs. Cung Le - March 29th, 2008
Frank Shamrock vs. Cung LeSTRIKEFORCE MMA - HP Pavilion
March 29th, 2008
ShowTime: 7:00 PM
Doors Open: 4 pm
Seating Chart $30-$400
On Sale: Saturday January 19 10am
PRE-ORDER TICKETS NOW! email jane@cungle.com or call 408-923-7000
$30, $50, $75, $100, $200, $400! Click here for HP Seating Chart
Monday, January 14, 2008
Social Networking Website for the Filipino Community
http://www.filipinopeople.com/
Checkout this new Social Networking Website for the Filipino Community.
See my Profile at:
http://www.filipinopeople.com/PhotoBen750
Wednesday, December 05, 2007
Sunday, November 25, 2007
Lexus 2008 LS 600h L Hybrid V8
Lexus Hybrid Drive
The all-new LS 600h L will be powered by the ultra-quiet Lexus Hybrid Drive system, the automotive industry's most advanced gas-electric hybrid system developed to date that features the world's first full V8, all-wheel-drive (AWD) hybrid drivetrain. The system combines a new 5.0-liter V8 gasoline engine with two powerful electric motors and a newly designed large-capacity battery pack that is lighter and extremely quiet. Together, this advanced combination provides the LS 600h L with an unmatched balance of environmental efficiency and performance.
Friday, November 09, 2007
It's nice to have your own punching bag
It’s nice to have your own punching bag…
So you don’t have to go all the way down to the gym every time life pisses you off!
Finding the right outlet to help maintain the balance of life…
It’s you and the bag…
Kick it’s A$$!
Some times you just have to let it out!
Get rid of stress and elevate built up tension with a little bit of cardio explosion.
It’s nice to have your own punching bag
It's nice to have your own punching bag...
So you don't have to go all the way down to the gym every time life pisses you off!
Finding the right outlet to help maintain the balance of life...
It's you and the bag...
Kick it's A$$!
Some times you just have to let it out!
Get rid of stress and elevate built up tension with a little bit of cardio explosion.
Tuesday, October 23, 2007
Strikeforce Cung Le Fight Promo
Strikeforce
Mixed Martial Arts
November 16, 2007
Cung Le v PRIDE Japan - Tournament Champion "Kazuo Misaki"
Cung Le - Paul Buentello - Luke Stewart - Joe "Diesel" Riggs - Bobby Southworth - Falanko Vitale
California's First Sanctioned MMA Tournament
Novemebr 16th 2007 HP Pavilion At San Jose
Battle Begins 7:30 PM Prelims 6:00 PM
Bodog Presents:
STRIKEFORCE TOURNAMENT SERIES
Sunday, October 21, 2007
Cung Le v PRIDE Japan - Tournament Champion "Kazuo Misaki"
Cung Le v PRIDE Japan - Tournament Champion "Kazuo Misaki"
Category: Sports
Tickets on sale now at Cung Le Martial Arts
"STRIKEFORCE MMA - HP PavilionNovember 16th, 2007
Cung Le v PRIDE Japan - Tournament Champion "Kazuo Misaki"
Also featuring Anthony Figueroa and more!
For tickets email jane@cungle.com or go directly to Cung Le Martial Arts at South Bay Athletic Club or call 408-391-6720
$30, $50, $75, $100, $200, $300 tickets available! Seats available in Sec 201, 101, and 127! Click here for HP Seating Chart
FIGHT CARD SUBJECT TO CHANGE
Saturday, October 20, 2007
The Evolution of My Vision: Live TV
The evolution of my custom TV projects now include live
streaming video.
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Thursday, October 11, 2007
Thursday, September 20, 2007
NOW BROADCASTING LIVE
NOW BROADCASTING LIVE
Get your videos and ads posted live!
Enjoy the experience!
Share the experience with others!
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http://bengreer.com/mastermote/
Thank You
Take Care
Ben
Thursday, September 06, 2007
Saturday, August 04, 2007
Super Pinoy TV
Presenting information and media related to the Philippines, Filipino, Pilipino, Pinoy, Pinay People, Culture, Life, Music, Sport, Entertainment, Business, and anything else a “Flip” has put their stamp on…anywhere on this earth and beyond.
