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1. New Zealand govt extends emergency in quake-hit city
(Manila Times News/Latest News)

...warned it would be some time before life returned to normal in the city of 340,000 people. Key appointed Economic Development Minister Gerry Brownlee as minister for earthquake reconstruction fol...

2. Bigger FDI inflows seen alongside faster economy
(Business/Business)

...HE Philippine central bank said an increase in foreign direct investment (FDI) would accompany the faster economic growth forecast by the government. “There’s a lag in getting FDI num...

3. BSP set to hike 2010 dollar surplus forecast
(Business/Business)

...buting to the BOP and will release the updated projections in November. A summary of the country’s economic transactions with the rest of the world, the BOP is in surplus when dollar receipt...

4. Customs excludes tax expenditure fund from full-year goal
(Business/Business)

...ment would have to secure at least P180- billion worth of investments under the PPP to achieve a 7-percent economic expansion in 2011. Given the higher gross domestic product (GDP) growth of 7 per...

5. Aquino vows support for BPO sector
(Manila Times News/Latest News)

... during the global financial crisis, our nation viewed the BPO industry as a beacon of opportunity in grim economic times,” he said. The President described Convergys as “an exemplar o...

6. Leading indicators point to slower 3Q rise
(Business/Business)

By Darwin G. Amojelar, Senior Reporter PHILIPPINE economic growth would likely slow in the third quarter of the year, based on the composite leading economic index (LEI). “The composite lea

7. RP’s record-low interest rates appropriate, says Bangko Sentral
(Business/Business)

...rrencies, including the peso, continued to climb as investors took relief from a slight improvement in US economic indicators amid lingering fears about the pace of the global economic recovery. A...

8. Japan PM, rival kick off party leadership battle
(Manila Times News/Latest News)

... power. Their contest to run the center-left Democratic Party of Japan (DPJ) and the nation comes as an economic recovery is sputtering, Japan’s debt mountain is growing and exports are thr...

9. Foreigners complain of Aquino’s mining ‘policy’
(Business/Business)

...Act for all operators alike to ensure a policy of responsible mining that will result in substantial socio-economic benefits for the Philippines,” the group said. Mining is among the foreign ...

10. August revenues likely short of goal
(Business/Business)

...however said that collections would recover starting this month. Jacinto-Henares said the consumption and economic activities towards the end of the third quarter up to the fourth quarter tradition...

11. RP likely enjoyed dollar surplus in August, says BSP
(Business/Business)

...r 22.2 percent higher than the $2.722 billion recorded last year. The BOP summarizes the country’s economic transactions with the rest of the world, with a surplus indicating dollar earnings...

12. NTC to slap higher fees on telcos, broadcast companies
(Business/Business)

... by the NTC. The SUF is based on the amount of spectrum used, the type of service being offered and the economic classification of the areas covered by the radio stations. At present, the NTC i...

13. Stocks, peso seen to tread shaky ground on US woes
(Business/Business)

...anticipation of a rise in the US’ unemployment rate. Analysts said the Philippines’ strong economic fundamentals and the rosy corporate earnings may not be enough to push the market ...

14. BSP policy rates likely to hold until yearend
(Business/Business)

... this year amid uncertainties in the Euro zone and the inordinate pressure that an increase would have on economic recovery. Standard Chartered Bank (SCB) however had said that Philippine monetary...

15. US woes pull down local market
(Business/Business)

...d on Friday after the Dow Jones closed below the 10,000 level on expectations of a downward revision of US economic growth. At the Philippine Stock Exchange, the local composite index fell 36.91 ...

16. Carter leaves North Korea with freed American, nuclear pledge
(Manila Times News/Latest News)

...ted Pyongyang, and as Kim Jong-Il reportedly paid a visit to China, North Korea’s sole diplomatic and economic patron. North Korea’s number two leader Kim Yong-Nam, who met Carter Wednesd...

17. US woes pull down local market
(Business/Business)

...ed on Friday after the Dow Jones closed below the 10,000 level on expectations of a downward revision of US economic growth. At the Philippine Stock Exchange, the local composite index fell 36.91 poin...

18. Surveys show SMEs turning more upbeat
(Business/Business)

...RA AND LAILANY P. GOMEZ REPORTERS SMALL and medium enterprises (SMEs) have turned more optimistic about economic prospects this year, according to two separate surveys on Thursday. In its 201...

19. Govt to replicate Hong Kong reclamation model
(Business/Business)

...rlier made by Department of Trade and Industry Secretary Gregory Domingo for a halt to the creation of new economic zones. Purisima said the existing ecozones have reduced the government’s tax...

20. National transport plan in the works for PPP thrust
(Business/Business)

BY DARWIN G. AMOJELAR SENIOR REPORTER THE National Economic and Development Authority (NEDA) on Tuesday said it is crafting a National Transport Plan aimed at easing the economic integration betw

21. El Niño likely pulled down economy in 2Q, says NEDA
(Business/Business)

...e to the contraction of the agriculture sector as a result of the El Niño phenomenon, the National Economic and Development Authority (NEDA) said Monday. In a briefing, NEDA Director-Gen...

22. Stocks buck correction despite high valuations
(Business/Business)

...ons. “Investors and even traders have been ignoring technical indicators as projections of the macroeconomic and corporate earnings have been upgraded,” said AB Capital. Jun Calaycay o...

23. Pakistani govt evacuates thousands more in south
(Manila Times News/Latest News)

... outpouring of fury over sluggish relief efforts, while officials are warning the country faces ruinous economic losses of up to $43 billion, ahead of talks with the International Monetary Fund ...

24. China closes factories as green deadline looms
(Manila Times News/Latest News)

...adline, has ordered thousands of companies to close high-polluting plants as its leadership vies to retool economic growth. Beijing has pledged to slash China’s energy consumption per unit ...

25. GOCC subsidies cut by nearly half in Aquino’s first month
(Business/Business)

...overnment, received only P7 million in July or a year-to-date total of P987 million. The country’s economic managers had said that they are reviewing the mandates of these state-run firms to...

26. Employment outlook reaches record-high in 3Q
(Business/Business)

... index reached 24 percent from 19.9 percent in the previous quarter. Rosabel Guerrero, BSP-Department of Economic Statistic director, said that except for the electricity, gas and water sub-sector...

27. US jobless claims hit 9-month high
(Manila Times News/Latest News)

...ime,” said analyst Michael Gapen of Barclays Capital. The Federal Reserve warned last week that the economic recovery from a brutal recession would be “more modest” than expected,...

28. Govt looks to donors for $10B to fund PPP
(Business/Business)

...had said would be made available to infrastructure project proponents. Jacinto-Henares said the National Economic Development Authority, as well as the Departments of Finance, of Public Works and ...

29. Business confidence firms up for rest of the year
(Business/Business)

...nas (BSP) said business sentiment was more positive in the third quarter given expectations of broad-based economic growth for the rest of the year, with the outlook for the final three months of 20...

30. Private sector shows signs of impatience
(Manila Times News/Latest News)

...HERE’S the big fish, and the little details? Responding to presentations made by the country’s economic managers during the Philippine Mid-Year Economic Briefing on Wednesday, business gr...