Benefiting from robust consumer spending and improving investment climate, the Philippine economy was expected to have maintained a robust 6.5-percent growth in the fourth quarter of 2012 and remained one of the fastest-growing economies in the region.
The Philippine economy likely grew at a faster pace of 4.8 percent in the first quarter of 2012 from 3.7 percent in the previous quarter mainly on the back of recovery in export earnings, international financial services firm HSBC said.
Companies from Russia and China are seen as the worst offenders for paying bribes when doing business abroad, a new report said Wednesday, while Swiss and Dutch companies top the table for honesty.
WASHINGTON—The US economy continues to grow slowly, with patches of weaker activity, the Federal Reserve said Wednesday in a report used by the central bank in setting monetary policy. Recent stock market swings and rising economic uncertainty have dampened confidence, the Fed said in its latest Beige Book report. The report is a compilation of [...]
