Business

Wed, Mar 17 2010
RP posts $125 million BOP deficit

RP posts $125 million BOP deficit

The country posted a balance of payments (BOP) deficit of $125 million last February as the national government settled its maturing foreign obligations amounting to about $1.4 billion, the Bangko Sentral... 

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Tue, Mar 16 2010
BSP may keep rates steady until Q3 — DBS

BSP may keep rates steady until Q3 — DBS

Singapore-based DBS Bank Ltd. expects the central bank to keep benchmark interest rates steady until the third quarter given stable prices. DBS expects inflation to come in at 4 percent this year, slightly... 

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Tue, Mar 16 2010
BDO gets financing for green banking program

BDO gets financing for green banking program

Banco de Oro Universal Bank has expanded its lending activities to include loans promoting energy efficiency and has obtained financing from the International Finance Corp. for its pioneering green banking... 

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Mon, Mar 15 2010
Money sent home by Pinoys abroad up by 8.5% in January

Money sent home by Pinoys abroad up by 8.5% in January

Money sent home by Filipinos overseas went up by almost a tenth to $1.4 billion in January from a year earlier, supported by the increased deployment of Filipino teachers, healthcare and service workers. In... 

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Mon, Mar 15 2010
World Bank upgrades RP growth outlook for 2010

World Bank upgrades RP growth outlook for 2010

World Bank economists have upgraded their growth forecast for the Philippines to 3.5 percent this year given a stronger outlook for the global economy, more money sent home by Filipinos abroad, increased... 

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Sun, Mar 14 2010
Better export outlook possible — BSP official

Better export outlook possible — BSP official

Also in: Business Headlines

The central bank wants the government’s export target this year increased after product sales abroad posted their fastest growth in almost 15 years in January amid the global economic recovery. The revision... 

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Sun, Mar 14 2010
PCCI says nuclear energy to solve power crisis

PCCI says nuclear energy to solve power crisis

Also in: Business Headlines

MANILA, Philippines – The government should seriously consider tapping nuclear energy to address the power crisis in the country, the Philippine Chamber of Commerce and Industry (PCCI) said on Friday. PCCI... 

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Sun, Mar 14 2010
DBS expects RP to grow 4.5% this year

DBS expects RP to grow 4.5% this year

Also in: Business Headlines

MANILA, Philippines – The Development Bank of Singapore (DBS) expects the Philippine economy to grow by 4.5 percent this year, above the official forecast of 2.6 percent to 3.6 percent. DBS said... 

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Fri, Mar 12 2010
Philippines’ next leader will have to raise taxes

Philippines’ next leader will have to raise taxes

Also in: Business Headlines

MANILA, Philippines – The country’s next president will have to turn his back on populist promises made during the campaign and raise taxes sooner rather than later to prevent a financial crisis... 

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Fri, Mar 12 2010
January remittance growth likely to top 6%, says BSP chief

January remittance growth likely to top 6%, says BSP chief

January remittance growth likely topped the full-year forecast as demand for skilled workers has risen in line with a global economic rebound, the Bangko Sentral ng Pilipinas (BSP) chief said on Friday. "This... 

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