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New regions seen emerging as growth engines

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Global banking giant Citigroup expects rising infrastructure spending to drive a regional “industrial reboot” in the Philippines, transforming the likes of Central Luzon, Central Visayas and Southern and Northern Mindanao into the country’s next growth engines.

Posted: February 16th, 2014 in Headlines | Read More »

PH seen in better shape to withstand volatility

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Asia’s emerging markets are in a relatively better shape to withstand the new round of emerging-market shakeout compared to last year when the US Federal Reserve first unveiled plans to taper its monetary stimulus, American banking giant Citigroup said.

Posted: February 9th, 2014 in Headlines | Read More »

Slower economic growth for PH seen

After beating expectations last year with a growth rate of 7.2 percent, the Philippine economy is seen to grow at a slower pace this year but infrastructure projects under the public-private partnership (PPP) framework are seen perking up growth back to more than 7 percent in 2015.

Posted: February 2nd, 2014 in Headlines | Read More »

Citi raises growth forecast for PH

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Despite the devastation caused by Supertyphoon “Yolanda,” prospects remain bright for the Philippine economy, according to a Citigroup research.

Posted: December 25th, 2013 in Headlines | Read More »

Peace in McKinley West

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Ahead of the Christmas holidays, cooler breeze is now blowing over the McKinley West complex in Fort Bonifacio after the group of property tycoon Andrew Tan and the state-controlled Bases Conversion Development Authority (BCDA) resolved their dispute over their 34.5-hectare joint venture at the former Jusmag site.

Posted: December 17th, 2013 in Headlines | Read More »

Citi cuts growth forecast for PH economy

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After five straight quarters of above 7-percent economic expansion, the Philippines may post a much slower growth of 4 percent this fourth quarter as a result of the typhoon devastation, American banking giant Citigroup said.

Posted: December 3rd, 2013 in Editor's Pick,Headlines | Read More »

Economic growth in Q3 seen at more than 8%

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The Philippine economy may have expanded by more than 8 percent in the third quarter from a year ago on a turnaround in exports, buoyant fiscal spending and strong purchasing power of remittances, American banking giant Citigroup said.

Posted: November 3rd, 2013 in Headlines | Read More »

BSP seen to maintain key rates at record lows

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The Bangko Sentral ng Pilipinas is likely to maintain key interest rates at current levels when the policy-making Monetary Board holds its regular meeting on Thursday.

Posted: October 20th, 2013 in Headlines | Read More »

Foreign banks upgrade PH growth forecasts

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Citibank

Two of the foreign banks with the largest operations in the Philippines upgraded their economic growth forecasts for 2013 after the country beat market expectations and outperformed the rest of its Southeast Asian peers in the second quarter.

Posted: August 30th, 2013 in Editor's Pick,Headlines | Read More »

Citi sees 6.5% GDP growth for 2nd quarter

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Philippine economic growth likely eased to 6.5 percent year-on-year in the second quarter partly due to a lower contribution from external trade, American banking giant Citigroup said.

Posted: August 26th, 2013 in Headlines | Read More »

PH expected to outperform regional rivals

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A construction worker wires together steel frames for the foundation of a building still under construction in Parañaque City. American banking giant Citigroup sees the Philippines outperforming neighbors in the region this year in the face of the tapering of the US Federal Reserve's easy money policy and a slowdown in China.  RAFFY LERMA

American banking giant Citigroup sees the Philippines outperforming neighbors in the region and better withstanding external shocks arising from the tapering of the US Federal Reserve’s easy money policy and a slowdown in China.

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

Emerging market investors seen facing further shakeout

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Investors in emerging market (EM) assets may have to brace themselves for further shakeout in the aftermath of the US Federal Reserve’s signal to end a regime of easy money, American global banking giant Citigroup said.

Posted: June 23rd, 2013 in Headlines | Read More »

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