Economy

Philippines posts robust 6.9% growth in 1st qtr

by
May 31, 2007

The government said today that the Philippine economy grew by an impressive 6.9 percent in the first quarter of 2007, surpassing the forecast of between 5.3 and 6.1 percent. The services sector proved crucial for this growth, growing at 9.1 percent. “The Philippines is on a roll,” President Gloria Macapagal-Arroyo said this morning in Australia.

Tuition hike blamed on ‘grand conspiracy’ between Arroyo, private schools

by
May 30, 2007

According to Kabataan partylist, CHED granted the tuition increase even before consultations in schools for such an increase has yet to be completed. It said the hike came after a meeting between President Arroyo and COCOPEA, the organization of private schools. The CHED’s “unilateral and shameless act shows the commission’s subservience and capitulation to strong pressure from school owners even at the expense of students.”