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The central bank said it remains cautious but ready to deploy measures against the “pockets of risks” that could hamper the country’s economic growth momentum. The Philippines’ gross domestic product (GDP) just hit its slowest pace in two years, growing 5.7 percent in the first quarter of this year compared…

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Philippine shares slumped on Thursday, falling below the 6,700-points level for the first time in weeks, following the release of weaker-than-expected economic results for the first quarter. The Philippine economy grew at a slower pace of 5.7 percent in the first quarter, well below the 6.3 percent growth achieved in…

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MAJORITY of Filipino adults said they experienced financial shortage in the past 12 months because of the rising prices of commodities, a private survey showed. In a press briefing held on Thursday, a survey conducted by the Social Weather Stations in partnership with Sun Life of Canada showed that nine…

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The Philippines remains one of the few Asean countries that allow the entry of subsidized and substandard Chinese steel roofing products to compete with local manufacturers, a pioneer in the local steel industry, Puyat Steel Corp., complained on Thursday. Enrique Chuidian, general manager of Puyat Steel Corp., said the Philippines…

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Megaworld Corp., the real estate arm of Andrew Tan’s Alliance Global Group Inc. (AGI), will construct a 15-story office tower inside the group’s P15-billion mixed-use development in Davao, which is envisioned to become Mindanao’s IT-BPO hub. In a disclosure to the Philippine Stock Exchange on Thursday, the listed property firm…

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Former President Gloria Arroyo took her oath of office as congressman at the Veterans Memorial Medical Center, where she is detained while awaiting a plunder trial. Mrs. Arroyo, who was reelected as representative of Pampanga’s 2nd District, has been under hospital arrest since February 2012. A statement released by…

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CAIRO – Egyptian protesters on Monday stormed the headquarters of the powerful Muslim Brotherhood after deadly clashes there between supporters and opponents of President Mohamed Morsi who hails from the group, an Agence France Presse correspondent said. The building in Cairo’s Moqattam district was set ablaze before people stormed…

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Slum dwellers hurling rocks, improvised explosives and human excrement fought running battles with riot police Monday around a sprawling Quezon City shanty town that is set for redevelopment. Police said an officer was hospitalized with a head injury while several residents of the North Triangle slum were briefly detained,…

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Manila City Mayor Joseph Estrada on Monday said he will give priority to relocating informal settlers living along the city’s waterways. Estrada, who took his oath as mayor on Sunday, blamed the informal settlers’ indiscriminate disposal of waste for the heavily polluted waterways and the floods that plague the city…

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Filipino Grandmaster (GM) Oliver Barbosa scored a couple of victories in the 4th Asian Indoor and Martial Arts Games 2013 men’s classical chess in Incheon, South Korea. Barbosa defeated FIDE Master (FM) Alkhoori Ibraheem Hohamed Ahmed of the United Arab Emirates in the first round and International Master Nguyen…