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Economy rebounds: 6.4%

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A vendor arranges eggs for sale at a wet market in Manila on Thursday, Aug. 28, 2014. The Philippine economy bounced back to post 6.4 percent growth in April to June, the second-highest in Asia despite "underspending" by the government, authorities said.  AFP PHOTO/NOEL CELIS

Economic growth was faster than expected in the second quarter, driven by the strong manufacturing sector, putting the country back on track to meeting state targets.

Posted: August 29th, 2014 in Latest Business Stories | Read More »

Gov’t readies award of 2 big PPP projects

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Light Rail Transit (LRT) Line 1 FILE PHOTO

The government is set to award two massive Public-Private Partnership (PPP) contracts—for a P65-billion railway from Manila to Cavite and a P35.4-billion toll road south of Metro Manila—to help move the administration’s keystone infrastructure projects forward, an official said.

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

Unemployment seen to decline as trade picks up

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After rising in January, the unemployment rate is expected to drop in the next Labor Force Survey to be conducted in April as businesses recuperate from the effects of recent natural calamities, the National Economic and Development Authority (Neda) said.

Posted: March 17th, 2014 in Headlines | Read More »

Neda updates strategies to generate jobs

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Economic Planning Secretary Arsenio Balisacan: There is need to improve the skill sets of the poorest families. INQUIRER FILE PHOTO

Admitting that economic growth alone was not “sufficient” to reduce poverty, Socioeconomic Planning Secretary Arsenio Balisacan laid down, on Monday, the government’s “updated” strategies to ultimately achieve inclusive growth.

Posted: February 17th, 2014 in Latest Business Stories | Read More »

Gov’t sees better prospects for job seekers

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Growth of the Philippines’ unemployment rate may be greatly reduced this year as the economy’s robust pace of expansion is expected to generate sufficient employment.

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

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