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2011 export earnings dip to $47 billion

Published : Saturday February 11, 2012   |  Category : Top Business News   |  Views : 387
By : MAYVELIN U. CARABALLO REPORTER

PHILIPPINE merchandise export earnings in 2011 went down by 6.9 percent to $47.967 billion compared from the previous year’s $51.498 earnings, the National Statistics Office (NSO) said on Friday. Read more

NEDA sees 2012 growth at 3% to 5%

Published : Saturday February 11, 2012   |  Category : Top Business News   |  Views : 359
By : MAYVELIN U. CARABALLO

THE National Economic Development Authority (NEDA) said on Friday that the government’s 3-percent to 5-percent growth target for 2012 inflation is seen to settle. However, abrupt shocks such as weather-related disturbances as well as wage and oil price increases could affect the growth target. Read more

Stock index up on hopes Greece can secure bailout package

Published : Saturday February 11, 2012   |  Category : Top Business News   |  Views : 324
By : KRISTA ANGELA M. MONTEALEGRE REPORTER

PHILIPPINE share prices on Friday posted modest gains after reports showed that Greece may reach a deal to obtain an emergency bailout necessary to avoid a disastrous default. Read more

Banks avail of more rediscounting loans

Published : Saturday February 11, 2012   |  Category : Top Business News   |  Views : 283
By : Lailany P. Gomez Reporter

COMMERCIAL, thrift and rural banks have availed of higher rediscounting loans in January as they refinance the loans they extended to their clients, the Bangko Sentral ng Pilipinas (BSP) said on Friday. Read more

PNOC-EC forms more bidding bodies

Published : Saturday February 11, 2012   |  Category : Top Business News   |  Views : 292
By : Euan Paulo C. Añonuevo

STATE-OWNED Philippine National Oil Co.-Exploration Corp. (PNOC-EC) has created three separate bids and awards committees (BAC) to enhance the company’s bidding process. Read more

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