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Neda downgrades growth estimate due to Yolanda

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neda logo

The Philippine economy could grow by a much slower pace of 4.1 percent in the fourth quarter as a result of the impact of Supertyphoon Yolanda, the National Economic and Development Authority said in a statement Friday.

Posted: November 15th, 2013 in Latest Business Stories | Read More »

For PH, US debt deal offers little comfort

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House Democrats rally behind Minority Leader Nancy Pelosi, D-California, center, as they tell the Republican majority they want a vote on reopening the government without clamping any restrictions on President Barack Obama's health care law, at the Capitol in Washington, Wednesday, Oct. 2, 2013. Although the US Congress narrowly averted a disaster that would have sent the global economy on a downward spiral, the Philippines’ top economic managers said that the global economy was not out of the woods yet. AP PHOTO/J. SCOTT APPLEWHITE

The United States Congress narrowly averted a disaster that would have sent the global economy on a downward spiral when it concluded a short-term deal to pay for the resumption of public services, allowing the US to avoid a debt default.

Posted: October 18th, 2013 in Editor's Pick,Featured Gallery,Headlines,Photos & Videos | Read More »

GDP growth of over 7% seen for 3rd quarter

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AP FILE PHOTO

The Philippine economy is expected to have grown by more than 7 percent in the third quarter of the year compared with the same period last year, the government’s chief economist said Tuesday.

Posted: October 1st, 2013 in Latest Business Stories | Read More »

PH economy grows by 7.5% in second quarter

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PSE index as of August 29, 2013 03:46:00 PM

The Philippine economy grew by 7.5 percent year on year in the second quarter, staying on course to surpass the government’s full-year target.

Posted: August 29th, 2013 in Latest Business Stories,Stocks | Read More »

Pawnshops are next BIR targets — Purisima

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Finance Secretary Cesar Purisima. INQUIRER FILE PHOTO

The Bureau of Internal Revenue is to investigate tax evasion in the pawnshop industry in light of statistics showing more than 1,000 pawnshops were not filing income tax returns at all, the Department of Finance said Tuesday.

Posted: August 6th, 2013 in Latest Business Stories | Read More »

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