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MANILA， May 19 (Xinhua) -- The Philippines' gross domestic product (GDP) growth in the first quarter of the year reached 6.9 percent， exceeding average consensus forecast of 6.6 percent， the country's socioeconomic planning secretary said Thursday.


Emmanuel Esguerra， also the director-general of the National Economic and Development Authority， said in a press conference that the first-quarter performance of the economy increases the likelihood of achieving the official GDP projection of 6.8 to 7.8 percent for full-year 2016， despite the weak agriculture and fishery sector.


Esguerra attributed the strong growth to increasing investment and construction， as well as gains in the industry and service sectors.


He pointed out that the external demand weakened， with growth of exports of goods and services slowing down to 6.6 percent.


In addition， the agriculture sector remains a poor performer. For the first quarter of 2016， the agriculture sector contracted by 4.4 percent， coming from almost stagnation the past year.


Esguerra said the economic growth in the coming quarters is promising， but the government should be wary of the downside risks.


"In particular， the agriculture and fishery sector will continue to reel from the lingering impacts of El Nino though the transition to a normal weather condition is already happening. We should also start preparing for the La Nina which now has a 75 percent probability of occurrence，" said Esguerra.


DUBAI Tom Kuhnhackl Penguins Jersey , May 2 (Xinhua) -- Despite the rebound in oil prices in the last 12 months, the International Monetary Fund (IMF) Director of Middle East and Central Asia Department Jiahd Azour said Tuesday that more reforms and fiscal consolidation are needed in the Gulf region's two biggest economies to spur growth.


Briefing the media about the IMF's outlook study the Middle East, North Africa and Pakistan released today, Azour said the IMF expects the UAE real gross domestic product to increase by 1.5 percent in 2017 Greg McKegg Penguins Jersey , down from 2.7 percent last year.


The picture look even bleaker for Saudi Arabia, the region's biggest economy, for which the IMF expects 0.4 percent this year, compared to 1.4 percent last year.


Both the UAE and Saudi Arabia are major oil suppliers. Azour noted while last year's agreement by major oil-producing countries to crude oil production has helped increase oil prices (from below 26 U.S. dollars in January 2016 to around 50 dollars nowadays) Bryan Rust Penguins Jersey , the IMF expects the price of oil to remain volatile around and to average 55 dollars per barrel (159 liter) in 2017 and in 2018.


Azour noted that energy price reforms in both countries have eased fiscal pressure and that the six Arab countries of the Gulf Co-operation Council (GCC) will introduce a five percent value-added tax on Jan. 1 2018. Consequently, the IMF expects the GCC to generate in 2017 a combined current account surplus, after two years of current account deficits.


In addition, liquidity in the Emirati and Saudi banking sector has eased in recent months Justin Schultz Penguins Jersey , said the Washington-based multinational lender IMF in its outlook. For the UAE, the IMF sees loan demand rising due to the "idiosyncratic event," the World Expo which the UAE sheikhdom of Dubai will host from October 2020 to April 2021.


"However, more fiscal reforms and investments into non-oil sectors Olli Maatta Penguins Jersey , education, healthcare, capital and social protection are needed," he added.


Azour said the UAE and Saudi GDP growth would pick up to 4.4 percent and 1.3 percent Mario Lemieux Penguins Jersey , respectively.


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Honda, maker of quality Toyota parts like like Honda tie rods has unveiled its S2000 at the recently concluded 2007 Tokyo Auto Show (January 12-14). The Honda S2000 was modified by Mugen to create the Open-Top Pure Sport Concept. The car looks as if it was designed for motorsport fans. The S2000 has an interior fitted with blackred Mugen bucket seats while for its body a unique set was placed to give the car a sportier look but in the process maintained the car?s famous smooth lines. The use of impressive exhausts at the back is another proof of the potential of this car; unfortunately no HP or torque figures are available for the S2000 though.

S2000 a Classic Roadster

Before it was modified by Mugen Phil Kessel Jersey , the Honda S2000 was considered to be a classic roadster-style sports car and a performance icon for the Honda brand. The S2000 combines uncompromising racetrack performance with practicality. Honda has built the S2000 basing on that premise.

Further improvements were made for the S2000 including the addition of electronic DBW or Drive-by-Wire Throttle System?, Vehicle Stability Assist (VSA?), maintenance minder system, standard headrest speakers Patric Hornqvist Jersey , an outside temperature gauge, revised seat and console designs, a unique new alloy wheel design plus the addition of Laguna Blue Pearl as an exterior color.

According to John Mendel Senior Vice President of American Honda Motor Co., Inc. Evgeni Malkin Jersey , ?"Never content to leave well-enough alone, we're committed to maintaining the S2000's performance and technological leadership in its segment. It's a car designed by enthusiasts for enthusiasts, and it represents the ultimate expression of the fun-to-drive characteristic found in all Honda vehicles."

The S2000 is powered by 2.2-liter, DOHC Kris Letang Jersey , VTEC? (Variab.