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Nigeria becomes Africa’s biggest economy

Nigeria-Economy

Nigeria on Sunday became Africa’s biggest economy, leap-frogging South Africa, after the government announced a long-overdue rebasing of the country’s gross domestic product.

Posted: April 7th, 2014 in Featured Gallery,Latest Business Stories,Photos & Videos | Read More »

Tourism revenues seen to rise

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The contribution of the travel and tourism sector to the Philippine economy is seen to increase by 3.8 percent to P490.2 billion this year, a report released by the World Travel and Tourism Council (WTTC) showed.

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

Budget deficit hit P164.1B in 2013

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The government incurred a budget deficit of P164.1 billion last year, much lower than the ceiling of P238 billion set by fiscal authorities, according to the Department of Finance.

Posted: March 8th, 2014 in Editor's Pick,Headlines | Read More »

UAE delegation eyes PH for investment opportunities

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UAE

United Arab Emirates (UAE), one of the world’s wealthiest countries, is looking for investment opportunities in the Philippines and has also invited Filipino businessmen to come to UAE to look at opportunities there.

Posted: February 26th, 2014 in Latest Business Stories | Read More »

Remittances hit all-time high in 2013

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Filipino domestic helpers line up to send money at a remittance center in the central district of Hong Kong in this 2008 file photo.  AFP/TED ALJIBE

Cash sent home by migrant workers, one of the main drivers of the country’s economic growth, rose to record levels last year despite the continued weakness of the global economy.

Posted: February 18th, 2014 in Editor's Pick,Headlines | Read More »

Gov’t to focus on exports following 2013 economic gain – Palace

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Communications Secretary Herminio Coloma. INQUIRER FILE PHOTO

The recent success of the country in the Gross Domestic Product race in Asia has been second only to superpower China.

Posted: January 30th, 2014 in Latest Business Stories | Read More »

GDP growth in 4th quarter seen at 6%

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Hundreds of participants, some wearing Santa hats, join the 10-Kilometer fun run to raise funds for the survivors of Supertyphoon “Yolanda” on Dec. 14, 2013, at Pasay City. The economic slowdown in the fourth quarter of 2013 resulting from Yolanda could be less severe than initially anticipated, with growth during the period now seen to hit at least 6 percent.  AP PHOTO/BULLIT MARQUEZ

The economic slowdown in the fourth quarter of 2013 resulting from Supertyphoon “Yolanda” could be less severe than initially anticipated, with growth during the period now seen to hit at least 6 percent.

Posted: January 14th, 2014 in Editor's Pick,Headlines | Read More »

PH economy seen growing by 7% this year

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FMIC

The Philippine economy is likely to grow by at least 7 percent this year, aided by additional spending for post-Supertyphoon “Yolanda” reconstruction, First Metro Investment Corp. said Monday.

Posted: January 6th, 2014 in Latest Business Stories | Read More »

Robust growth in 2014 seen

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FILE PHOTO

Two of the country’s largest finance firms expect the Philippine economy to grow north of 6 percent in 2014, aided by rehabilitation efforts in the wake of Supertyphoon “Yolanda.”

Posted: December 31st, 2013 in Editor's Pick,Headlines | Read More »

NEDA: Growth to slow down through Q1

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The country’s growth will continue to be slow because of Supertyphoon “Yolanda,” the effects of which will be felt through the first quarter of 2014, said the National Economic and Development Authority.

Posted: December 26th, 2013 in Editor's Pick,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 »

BSP says high growth sustainable

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AP FILE PHOTO

The Bangko Sentral ng Pilipinas (BSP) said the country’s growth in the third quarter showed the effectiveness of current monetary policy settings in spurring economic activity.

Posted: November 29th, 2013 in Editor's Pick,Headlines | Read More »

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