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The Philippine economy most likely regained momentum in the second quarter of the year on the back of robust government spending and stronger exports receipt, private analysts predicted based on recent signs of improvement after the first-quarter slowdown. The country’s gross domestic product (GDP) likely grew at about 6.3 percent…

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The Philippines’ outstanding external debt approved or registered by the central bank recorded a year-on-year decline of 1.2 percent in the first quarter of the year. Bangko Sentral ng Pilipinas (BSP) Governor Amando Tetangco Jr. reported that the country’s outstanding external debt approved or registered by the BSP stood at…


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The Philippines’ current account surplus continued to expand in the first quarter of the year, supporting the country’s balance of payments during the period. In a press briefing on Friday, the Bango Sentral ng Pilpinas (BSP) said current accounts posted a surplus of $2 billion for the quarter, reflecting a…

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After staying in negative territory most of the week, the local stock market managed to bounce back before trading paused for the weekend, buoyed by the announcement by the Monetary Board on Thursday that it would keep benchmark interest rates steady. Lexter Azurin, research analyst at Unicapital Securities Inc., indicated…

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AN association of truckers on Thursday proposed an exclusive lane for delivery trucks plying in Metro Manila and nearby provinces. Teodorico Gervacio, president of the Integrated North Harbor Truckers Association (INHTA), said that instead of totally banning trucks at daytime, the Metropolitan Manila Development Authority (MMDA) should designate a lane which could be used…

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Former world champion Rubilen Amit delivered a bronze medal for the Philippines in the 4th Asian Indoor and Martial Arts Games 2013 billiards and snooker competitions at the Songdo Convensia in Incheon, South Korea. Amit wound up third in the women’s 10-ball event topped by Cha Yu Ram of South Korea. Chihiro Kawahara of Japan took…

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University of Santo Tomas overpowered University of the East, 67-45, for its first win in the UAAP Season 76 women’s basketball tournament on Thursday at the Blue Eagle Gym in Katipunan, Quezon City. National University (NU) also started its bid on a bright note with a 60-51 victory over University of the Philippines, while De La Salle University subdued…

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Neophyte lawmakers from established political families will be among the second batch that will take the crash course in legislation at the House of Representatives next week. The House’s Public Relations and Information Bureau said Thursday that 44 lawmakers will take the Executive Course on Legislation July 8…

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MANILA: Philippine troops on Thursday killed eight communist rebels, two of them women, in the latest flare-up of violence since talks to end one of Asia’s longest running insurgencies broke down. Soldiers were deployed to a poor, remote farming village in the eastern province of Sorsogon after residents complained of…