Economy up 7.8% in first quarter

MANILA (2nd Update, 11:12 a.m.) – The Philippine Statistical Board reported a 7.8 percent growth in the country’s economy for the first quarter of 2013, a 1.3 percent increase compared to year ago data.

The 7.8 percent growth in gross domestic product (GDP) was attributed to the upbeat business and consumer sentiment, and sustained government capital expenditure. Read more