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Aquino: PH economy can lose up to P23.3B in daily, 5-hour brownouts for 3 months

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President Benigno Aquino III. FILE PHOTO

President Benigno Aquino III on Wednesday warned that the economy could lose up to P23.3 billion in case of daily five-hour brownouts for three months next summer.

Posted: October 22nd, 2014 in Latest Business Stories | Read More »

Sustainability of PH economic growth under scrutiny

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AP FILE PHOTO

The Philippines is increasingly under scrutiny to determine if the economic growth it enjoyed in the last few years can be sustained beyond 2016, when a new President will be elected.

Posted: October 20th, 2014 in Latest Business Stories | Read More »

Slower September inflation to boost 2nd half GDP, says DOF

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Bangko Sentral ng Pilipinas.  INQUIRER.net file photo

The lower inflation rate posted in September augurs well for the economy, which needs to expand faster in the second half in order to reach the 6.5-7.5 percent growth target for 2014, according to the Department of Finance’s chief economist.

Posted: October 9th, 2014 in Latest Business Stories | Read More »

Employment situation in PH still bad despite high economic growth–ADB, ILO

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employment

Despite the country’s impressive economic growth, which averaged 5.4 percent a year during the past decade, the overall labor market scenario has been “less positive,” limiting progress on social development and inclusive growth, a joint study by the International Labor Organization (ILO) and the Asian Development Bank said.

Posted: October 9th, 2014 in Latest Business Stories | Read More »

PSEi retreats after Wall Street bloodbath

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Philippine Stock Exchange. AP FILE PHOTO

The local stock barometer pulled back sharply on Thursday as risk-taking across the region was curbed by an overnight bloodbath in Wall Street.

Posted: October 2nd, 2014 in Latest Business Stories | Read More »

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