Philippines Ranks 2nd Asia's Fastest Economiic Growth in 2016

The Metro Manila skyline with its towering commercial and residential buildings, depicts a photo of continued economic progress. (Photo by Jacqueline Hernandez) | Manila Bulletin

PH now Asia’s 2nd fastest-growing economy, expands by 6.8% in 2016

The Philippine economy advanced 6.6 percent in the fourth quarter of 2016, on the back of higher investment and consumption, bringing the full-year growth to 6.8 percent.

Last year’s gross domestic product (GDP) growth rate makes the country the second fastest growing major Asian emerging economy, with China growing at 6.7 percent.

National Economic and Development Authority (NEDA) Director General Ernesto Pernia said this is near the high-end of the government’s target of 6 to 7 percent growth rate for 2016.

While the U.S. and the European Union have criticized President Rodrigo Duterte’s deadly drug war and investors have balked at his anti-U.S. rhetoric, his ambitious $160 billion infrastructure plan and push for greater investment is strengthening the growth outlook.

According to NEDA, expansion in investments grew by 15 percent. Public investment through public construction expanded by 23 percent, faster than the 20.1 percent growth in the third quarter.

Private consumption also thrived to 6.3 percent in the fourth quarter, though slower than the third quarter. The growth has been attributed to high consumer confidence, modest inflation and interest rates, and improving labor market conditions.

The World Bank forecast expansion will exceed 6 percent until 2019, among the fastest growth in the world this decade. (With a report from Bloomberg and Manila Bulletin)

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Philippines tells outsiders not to use ASEAN as 'proxy' for USA -China Power rivalry

Philippine Defence Minister Delfin Lorenzana addresses the Fullerton Forum at the Shangri-La Dialogue Sherpa Meeting, organised by the International Institute for Strategic Studies, in Singapore on January 23, 2017. (Photo: AFP / ROSLAN RAHMAN)

Philippines tells outsiders not to use ASEAN as 'proxy' for rivalry

SINGAPORE (Reuters) - The Philippines told countries outside Southeast Asia on Monday not to use the region as "a proxy for their rivalry" as it wanted to preserve unity and establish a mechanism to resolve disputes in the South China Sea.

The Philippines is chairman of the 10-member Association of South East Asian Nations (ASEAN) this year and will host its annual meetings, some of which are joined by outside powers including China and the United States.

The issue of territorial disputes in the South China Sea pitting China against several Southeast Asian countries has in recent years emerged as a source of friction in the bloc.

Some ASEAN countries have taken positions on the issue in line with China, while others have been more suspicious of China's assertiveness, reflecting U.S. thinking.

Philippine defense minister Delfin Lorenzana told delegates from more than 20 countries at a security conference in Singapore that outside powers should not pursue their competition in the region.

"As the host to the leaders of the U.S., China, Japan, Russia and India, we will have to remind our friends, firmly if necessary, not to use ASEAN as a proxy for their rivalry," Lorenzana said.

"We will reaffirm the unity and solidarity of ASEAN amidst this emerging super-power competition."

ASEAN is drawing up a code of conduct in the hope of making sure all claimants follow legal and diplomatic processes in settling territorial disputes.

Lorenzana said he hoped the code would provide the framework for lasting solutions to the disputes over the waters. About $5 trillion worth of goods passes through the South China Sea every year.

"We want a rules-based, lasting solution to this issue," he said.

China has built several artificial islands in the exclusive economic zone of the Philippines, which an arbitration tribunal last year ruled unlawful.

With billions of dollars of potential Chinese trade and investment at stake, the Philippines has a difficult balancing act in upholding its sovereignty claims while staying on the better terms President Rodrigo Duterte has established with historic rival China.

On Monday, China agreed to cooperate with the Philippines on 30 projects worth $3.7 billion focusing on poverty reduction, the two countries said after a meeting in Beijing.

It marked the first announcement from a two-day visit by a Philippine cabinet delegation to China that comes three months after President Rodrigo Duterte visited Beijing to pave the way for new commercial alliances. [L4N1FD207]

Vietnam, Malaysia, Brunei and Taiwan also have claims in the waters.

(Reporting by Fathin Ungku; Additional reporting by Karen Lema in MANILA; Writing by Anshuman Daga; editing by Robert Birsel)  - Business Insider

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Ilo-ilo City Sights and sounds of Dinagyang Festival - Must Experience!

Ilo-ilo City Dinagyang Festival 2017 - JAY GADONG/CONTRIBUTOR

Sights and sounds of Dinagyang

The streets of Iloilo turn festive today as street dancers liven up the celebration in honor of Sto. Nino

ILOILO CITY—It’s the merriest time of the year in this capital of Iloilo province as about a million Sto. Niño devotees, spectators and revelers poured into the streets for this year’s Dinagyang Festival.

The festival highlights the Kasadyahan contest—a showcase of festivals, products and history of participating towns—that was held yesterday and the Ati tribe competition slated Sunday.

The Dinagyang, one of the festivals held in January in honor of the Sto. Niño (Holy Child Jesus), is known for the colorful brisk performances of Ati tribes in a street dance competition.

The groups and tribes competing in the two major events performed in five judging areas: Freedom Grandstand, in front of the Iloilo provincial capitol, corner Mabini and Delgado Streets, corner Quezon and Ledesma Streets, and in front of the Maria Clara stage.

Ten groups joined the Kasadyahan Regional Cultural Competition Saturday. These were Tribu Salakayan of Miag-ao town in Iloilo province, Tribu Tatusan (Caluya town in Antique province), Tinabu-ay Festival (Murcia town, Negros Occidental province), Pintados de Pasi (Passi City in Iloilo), Tribu Manog-Gama (Maasin town in Iloilo), Tribu Patabang (Tapaz town in Capiz province), Hubon Ninagtong sa Manggahan (Nueva Valencia town in Guimaras province), Tribu Haw-as (Dumangas town in Iloilo), Tribu Dos Once (San Carlos City in Negros Occidental) and Masskara Festival (Bacolod City), a noncompeting guest performer.

Ten tribes are competing for the championship in the Ati tribe competition Sunday.

These are Paghidaet of La Paz National High School, Obreros of Barrio Obrero National High School, Pan-ay of Fort San Pedro National High School, Amihan of Mandurriao National High School, Buntatalanit of Tiu Cho Teg Ana Ros Foundation Integrated School, Salognon of Jaro National High School, Dagatnon of Ramon Avanceña National High School, Panayanon of Iloilo City National High School, Ilonganon of Jalandoni Memorial National High School and Abiador of Asian College of Aeronautics.

Two guest tribes are also performing Sunday.

Security measures had been tightened in the city. Police said they asked telecommunication companies to shut down mobile phone signals during the festival’s main events, from 6 a.m. to 2 p.m. on Saturday and Sunday.

Security risk assessments

Senior Supt. Remus Zacharias Canieso, chief of the Iloilo City police, said specific security measures depended on the local police’s security risk assessments.

“We had not received reports or monitored threats,” he said.

Cell phone signals were shut down in specific areas, lasting for several hours, in Cebu City during the Sinulog Festival last weekend as part of the security measures against explosive devices detonated through mobile phones.

The move came after the twin blasts in Hilongos town in Leyte province on Dec. 28, which left 32 people watching a boxing match in the town plaza wounded. Police said two improvised explosive devices were used in the bombing.

The Iloilo police have banned canned and bottled drinks during the Dinagyang Festival to ensure the safety of spectators.

Police have also implemented a three-day gun ban, starting Friday, as part of security measures. All permits to carry firearms outside of residence had been suspended in the city during the festival period.  – Philippine Daily Inquirer

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