MAYVELIN U. CARABALLO, TMT

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The National Economic and Development Authority (NEDA) on Monday stressed the crucial role of public-private partnerships (PPP) in the success of the government’s infrastructure program, citing the need to raise infrastructure spending in order to boost the investment climate and improve the country’s competitiveness. “The success of PPPs will ease…

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Optimism among businessmen about the prospects of the Philippine economy for the current quarter has grown, outweighing the negative outlook expressed by the others in the latest central bank survey of local firms. Business confidence about the third quarter, however, lost some steam, according to the latest Business Expectations Survey…

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With its recently secured investment grade rating from major credit rating agencies and improved ranking on global competitiveness, the Philippines is prepared for the Association of Southeast Asian Nations (Asean) economic integration in 2015, a top government official said. In the session on “Trade: Lifting Barriers to Growth” during last…

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Asia is now the engine of global economic growth, given its young population, largely untapped natural resources and rising consumption, but the upward momentum could be disrupted by threats to peace and stability in the region, the World Economic Forum (WEF) on East Asia warned on Thursday. Delegates to the…

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A YOUNG and large workforce is the key advantage of the Association of Southeast Asian Nations (Asean) in its bid to be the operational hub of multinational companies. Asean economic officials, who are currently in Manila for the 23rd World Economic Forum, said that the region has over 600 million…

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AN integrated Association of Southeast Asian Nations (Asean) Economic Community (AEC) in 2015 will be an opportunity for global insurance players to increase their penetration rate in the region, insurance regulators said. According to Evelina Pietruschka, secretary-general of the Asean Insurance Council (AIC), the integration will benefit both the developed…

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The Philippines’ balance of payments (BOP) remained in deficit in April but the gap had narrowed sharply to $19 million from the $340 million recorded in March and $274 million a year earlier, providing some relief to the local currency. The cumulative BOP position for the first four months of…

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Global credit rating agency Moody’s Investors Service said the Philippines may earn another rating upgrade if government efforts to improve fiscal health and address corruption show further progress toward real reform. In a report released by the central bank on Sunday, Moody’s Senior Analyst Christian de Guzman was quoted as…

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State-run Philippine Deposit Insurance Corp. (PDIC) is backing the Congressional initiative to amend its Charter so that it might introduce, among other things, bridge banking while liquidating a closed bank, and generally enable the deposit insurer to conform to international standards. In a statement over the weekend, the deposit insurer…

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The total resources of the country’s financial system—banks and non-banking institutions included—continued to show stability and expanded in the first quarter to P12.83 trillion, up 9.26 percent from the P10.76 trillion recorded a year earlier. Banks—consisting of universal and commercial banks, thrift banks and rural banks—posted resources that hit P10.46…

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