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PHL economy to grow 7-7.5% in 2014 – Metrobank’s FMIC

MANILA  (Mabuhay) – Despite the natural calamities last year, higher spending by the government and private sectors to fund the reconstruction of damaged areas will sustain the growth momentum this year, First Metro Investment Corp., the investment banker of the Metrobank Group...
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Remittances help boost PHL savings rate in 2012

MANILA  (Mabuhay) – Remittances from overseas Filipino workers (OFWs) have allowed households to save money, boosting the country’s savings rate, according to the Bangko Sentral ng Pilipinas (BSP). Based on the BSP’s latest Flow of Funds report, domestic savings has expanded by...
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Dependence a worry as UN seeks more PH typhoon aid

MANILA (Mabuhay) — The Red Cross warned against aid dependency in the Philippines Tuesday as the United Nations urged donors to double their assistance to millions of victims of the country’s deadliest-ever typhoon. The secretary general of the International...
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OFWs a typhoon lifeline

By Jason Gutierrez TACLOBAN  (AFP) – The Philippines’ giant band of overseas workers, already regarded as national heroes for toiling in foreign lands, are coming to the rescue again as they dig deep to send more cash back to their typhoon-hit homeland. With relief workers...
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Lawmaker wants next Pacquiao fight in PHL

MANILA (Mabuhay) – House Games and Amusements Committee chairman Elpido Barzaga wants the next fight of Filipino boxing superstar and Sarangani Rep. Manny “Pacman” Pacquiao to be held in the Philippines, noting the benefits for the economy and tourism. “I wish the next fight (of...
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Bangko Sentral says Yolanda impact on economy ‘contained’

MANILA  (Mabuhay) – The actual impact of killer Typhoon Yolanda on the real economy is actually limited, and higher remittances  from overseas Filipinos to their relatives in Central Philippines will buoy consumption spending. Higher remittances “could provide additional...
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Kia Forte Wins Cars.Com/USA Today/Motorweek Compact Sedan Challenge

Forte’s sleek and spacious design earns top honors among its competitors  IRVINE, Calif. – The all-new 2014 Kia Forte was recently named by Cars.com as the best compact sedan in its league. The multi-day Compact Sedan Challenge brings together experts from Cars.com, USA Today and...
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Data point to PHL sustaining strong growth, says govt

MANILA (Mabuhay) – The Philippine economy will remain robust this quarter and next, according to an index of 11 key data collated by the National Statistical Coordination Board (NSCB). In a report released late Tuesday, the NSCB said the composite leading economic indicator (LEI)...
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OFWs allege abuse in Saudi immigration crackdown

MANILA (AFP) – Thirty Filipino workers expelled from Saudi Arabia returned home Monday and alleged they were abused amid a crackdown on illegal migrants there. They were among an estimated 6,700 Filipino workers stranded in parts of the oil-rich Middle Eastern kingdom where an...
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PHL money supply grows 31% in Sept. – Bangko Sentral

MANILA (Mabuhay) – Money streaming within the financial system remained strong in September, driven by a very active bank lending while the impact of adjustments in the central bank special deposit window continued to pump money into the economy, Bangko Sentral ng Pilipinas said...