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Biz Buzz: ‘Flimsy technicality’

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An emergency meeting will be convened in Malacañang—as early as Monday, we hear—to discuss the much-ballyhooed bidding for the right to build the 47-kilometer Cavite-Laguna Expressway (Calax) tollroad project using the public-private-partnership (PPP) framework.

Posted: June 16th, 2014 in Columnists,Inquirer Columns | Read More »

Credit Suisse lowers PH growth forecast for 2014

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Zurich-based financial group Credit Suisse has tempered its 2014 economic growth forecast for the Philippines on expectations of a “subdued” second quarter performance as suggested by disappointing export receipts in April.

Posted: June 13th, 2014 in Editor's Pick,Headlines | Read More »

FX intervention seen to strengthen peso

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The peso will likely strengthen against the dollar for the rest of the year—and into 2015—amid expectations that the Bangko Sentral ng Pilipinas (BSP) would accelerate its monetary policy tightening to slow the pace of price increases in the local economy.

Posted: May 26th, 2014 in Headlines | Read More »

New mass-market banking model pushed

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Former Finance Secretary Jose Isidro “Lito” Camacho is embarking on a new personal project to introduce a business model for banks developed in Indonesia, which has given millions of poor people access to financial services.

Posted: May 26th, 2014 in Headlines | Read More »

PH gaming seen to surpass Singapore’s

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The Philippines’ burgeoning gaming industry may surpass Singapore’s $5.6-billion gaming market by 2018 on the back of favorable local demographics and a likely spillover of foreign high-rollers, foreign bank Credit Suisse said.

Posted: February 28th, 2013 in Editor's Pick,Headlines | Read More »

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