11.   For one, the Philippine economy is growing at its fastest pace in seven years, fueling demand for apartments and offices.

12.   Growing exports are important to sustaining the momentum of the Philippine economy, now growing at its fastest pace in seven years.

13.   GNP is a measure of economic output that includes remittances from overseas workers, an important contributor to the Philippine economy.

14.   IMF Managing Director Michel Camdessus said the move should help stabilize the Philippine economy.

15.   Indications that the Philippine economy may be slowing, thus imperiling profit targets, have added to worries.

16.   Moves to slow that growth will lead to a tighter credit environment at a time when the Philippine economy is already showing signs of flagging.

17.   Oil industry officials say an increase is necessary because of a rise in international crude prices and to fund expansion as the Philippine economy grows.

18.   Other large companies, preferred by foreign investors as ways to bet on the strengthening Philippine economy, followed PLDT.

19.   Past contractions of the Philippine economy were preceded by an expansion in the trade deficit.

20.   Ouattara said the more open Philippine economy has led to increased foreign investment, more jobs and lower capital costs.