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OFW remittances to increase by 8.5% in 2014—Standard Chartered

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AFP FILE PHOTO

Overseas remittance flows to the Philippines will likely expand at a faster pace of 8 to 8.5 percent in 2014 on improved global growth prospects and post-supertyphoon “Yolanda” (Haiyan) reconstruction, according to the British bank Standard Chartered.

Posted: January 13th, 2014 in Latest Business Stories | Read More »

Consumer spending seen to remain strong

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Consumption by Filipino households is expected to remain robust in 2013 despite the dampening effects of the peso strengthening on the value of foreign exchange remittances.

Posted: February 14th, 2013 in Headlines | Read More »

Top CEOs bullish on Philippines

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A Filipino trader blows a horn during the last day of trading this year at the Philippine Stock Exchange in the financial district of Makati on Dec. 28, 2012. 2012 is claimed to be one of the best years ever for the Philippine economy, with the GDP expected to surpass 5 to 6 percent and the stock market ending the year on its 38th record high.  AP/AARON FAVILA

The year 2012 is claimed to be one of the best years ever for the Philippine economy, with the gross domestic product expected to surpass the government’s target of 5 to 6 percent and the stock market ending the year on its 38th record high, making it the second-best performing market in Asia behind Thailand.

Posted: December 30th, 2012 in Latest Business Stories,Photos & Videos | Read More »

Domestic demand to remain strong

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Growth in domestic demand, led by household consumption, is expected to remain robust throughout the year given a low inflation and interest rate environment.

Posted: June 5th, 2012 in Headlines | Read More »

Philippines to shine in global community soon, says finance guru Suze Orman

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SUZE ORMAN:  Build on cash and you could never collapse. Photo by Arnold Almacen

Visiting personal finance guru Suze Orman sees the Philippines soon shining in the global community as an investment hub and having more of its households emancipated out of their dependence on overseas remittances.

Posted: February 28th, 2012 in Latest Business Stories,Personal Finance | Read More »

BSP sees inflation dipping below 4% in 2012

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The Bangko Sentral ng Pilipinas expects inflation to average below 4 percent in 2012, saying the benign increase in consumer prices should help encourage higher spending by individuals and enterprises.

Posted: January 11th, 2012 in Latest Business Stories | Read More »

Remittances to grow by 5% to P21B in 2012—BSP

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Remittances are seen to further grow by 5 percent in 2012, as demand for Filipino labor by employers in various parts of the globe remains robust.

Posted: December 5th, 2011 in Latest Business Stories | Read More »

OFW remittances grew by 8% to $1.74B in September — BSP

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Remittances from overseas-based Filipinos grew anew in September as demand for Filipino workers by employers in various parts of the globe remained strong.

Posted: November 15th, 2011 in Latest Business Stories | Read More »

Consumption seen to remain key growth driver

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The Bangko Sentral ng Pilipinas expects consumption to remain the economy’s key growth driver and investments to pick up over the short to medium term given the low inflation environment.

Posted: October 24th, 2011 in Headlines | Read More »

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