Economy

Reflecting hard times, 2 million Filipino children dropped out of school in ’06

by
Jun 02, 2007

Many of these children might have been forced to leave school to earn a living. In 2006 some 2.5 million children aged 5 to 17 were working either to augment family income or simply to survive. The number of children in school is also dropping: in SY 2005-2006 only 84% of children aged 6-11 was able to attend elementary school, a sharp decrease from 90% in 2001-2002.

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.