MAYVELIN U. CARABALLO, TMT

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The annual growth of the general wholesale price in the Philippines picked up to 2.8 percent in June from 0.3 percent in May, according to the General Wholesale Price Index (GWPI) of the National Statistics Office (NSO). Increases were noted in the mineral fuels, lubricants and related materials index; chemicals…

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The Philippine economy is seen to expand at an average of 6.4 percent from 2013 to 2016, as the government continues to improve the investment climate in the country, credit ratings agency Standard and Poor’s (S&P) said. In its recent supplementary analysis, S&P estimated that the country’s gross domestic product…

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DESPITE Asia’s rapid growth, many countries in the region may not achieve their Millennium Development Goals (MDGs) by 2015, an Asian Development Bank (ADB) and National University of Singapore study revealed. According to the study entitled “Ending Asian Deprivations,” vast sections of Asia’s population remain poor and suffer hunger and…

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The National Economic and Development Authority (NEDA) is seeing a continued positive performance of the Philippine economy in the coming months. “The rebound of the export sector shows that despite the subdued global economic outlook, the country’s prospects for sustaining good economic performance in the coming months are good,” Socioeconomic…

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Personal remittances from overseas Filipino workers (OFWs) remained robust at the first half of the year as it soared by 6.2 percent to $11.8 billion compared to the level registered in the same period last year. For June alone, personal remittances from OFWs rose year-on-year by 5.7 percent to reach…

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The Bureau of Internal Revenue (BIR) collected P100.1 billion in tax revenues for July 2013 but slightly missed its collection target for the month. In a statement, the BIR said that its July collection was P16.58 billion, or 19.85 percent higher compared to the collections made in the same month…

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Consumer loans (CLs) by universal, commercial (U/KBs) and thrift banks (TBs) rose to P647.1 billion in March 2013. In a statement on Wednesday, the Bangko Sentral ng Pilipinas (BSP) said that the March figure is 14.8 percent higher than the P563.8 billion posted a year ago. The BSP added that…

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The Bangko Sentral ng Pilipinas (BSP) had assessed the compliance of its 85 covered institutions on the updated rules implementing the “Truth in Lending Act,” or Republic Act 3765. In line with its advocacy on consumer protection, the central bank said that it now takes a closer look on covered…

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Philippine Veterans Bank (PVB) has expanded its automated teller machine (ATM) service in Batangas to help provide the countryside with access to banking services and products. In a statement, PVB announced that it recently put up a couple of VeteranTeller ATM’s in the municipalities of Lobo and Malvar, Batangas. The…

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