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ADB lowers PHL growth forecast in 2014, 2015 due to inflation, gov’t spending

MANILA (Mabuhay) – The Asian Development Bank (ADB) has lowered the growth outlook for the Philippines, citing a slowdown in government spending, higher inflation and monetary tightening, all of which may dampen economic activity. In the latest edition of Asian […]
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In search of a good leader

The presidential election is still two years away, but the people are already excited about electing someone who can pluck the country from its present economic stagnation and institute meaningful reforms in government. Sad to say, however, the Filipino people […]
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Drilon denies receiving P1-B from DAP

MANILA (Mabuhay) – Did Senate President Franklin Drilon get a P1 billion allocation from the disbursement acceleration program (DAP)? According to Drilon, reports that he received such an amount are lies. “This is a blatant lie, and I will not […]
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Roxas defends lump sum funds in proposed 2015 DILG budget

MANILA (Mabuhay) — Secretary Manuel Roxas II on Wednesday defended the alleged controversial item in the proposed P104.5 billion budget of the Department of Interior and Local Government for 2015. At the hearing of the House committee on appropriations on […]
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Comelec chief: No budget for new PCOS machines for 2016 polls

MANILA, Aug 26 (Mabuhay) – The Commission on Elections (Comelec) will no longer purchase new Precinct Count Optical Scan (PCOS) machines for the 2016 local and national elections, its chairman said Tuesday, citing budgetary constraints. During the hearing of the […]
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Abad: I am not Janet’s tutor, not a pork king

MANILA (Mabuhay) – Former Congressman and now Budget Secretary Butch Abad on Wednesday denied teaching Janet Lim Napoles how to use non-government organizations to get money from government, which eventually led to the multibillion-peso pork scam. This, amid the Napoles’ […]
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Deeper US-PHL ties key to economic devt, regional stability says NEDA’s Balisacan

MANILA, Apr 28 (Mabuhay) — A deeper relationship between the US and the Philippines is key to Manila’s goal of inclusive growth and overall stability in Asia, the National Economic and Development Authority (NEDA) said Monday. “The affirmation and re-affirmation...
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House of Representatives recognizes PHL’s top 5 accounting schools

MANILA  (Mabuhay) – The House committee on higher and technical education over the weekend recognized the nation’s top five accounting schools, based on the outstanding performance of their graduates in the last two Certified Public Accountant (CPA) licensure examinations run...
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Aquino receives newly elected ADB president in Malacanang

President Benigno S. Aquino III received newly elected Asian Development Bank president Takehiko Nakao in Malacanang on Wednesday. Nakao assumed office as the ninth president of the ADB on April 28. Nakao succeeds Haruhiko Kuroda, who stepped down in March. […]
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General Government Debt-to-GDP for 2012 lowest in history at 40.6%

National Government Debt-to-GDP down to 48.9% in Q1 2013 As of December 2012, General Government (GG) Debt stood at P4,288.7 billion or 40.6% of GDP, down from the 2011 level of 41.4% and the lowest since the metric was adopted […]