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Despite the negative growth for the past months, the country’s export earnings for July rebounded by 2.3 percent to $4.8 billion compared to the $4.7 billion recorded during the same month last year. According to Socioeconomic Planning Secretary Arsenio Balisacan, the export growth for July “is good” as the outward…

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The Philippine peso returned to the P43 to a dollar level on the closing of the Tuesday foreign exchange trading. The local currency finished P43.83 per dollar, appreciating 41 centavos from the P44.24 level on Monday’s close. Jonathan Ravelas, chief market strategist at Banco de Oro, said that less volatility…

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The national government (NG) debt stood at P5.451 trillion as of end-June 2013, rising 3 percent from the recorded figure a year ago, the Bureau of Treasury (BTr) said. Comparing to the P5.437 trillion posted at the close of 2012, the BTr said that the end-June data registered a “modest”…

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The country’s manufacturing sector improved by 12.1 percent in July compared to the 8.2-percent growth a month before, according to the National Statistics Office (NSO). In the Monthly Integrated Survey of Selected Industries conducted by NSO, the volume of product index (VOPI) showed a 2.1-percent improvement on a monthly comparison.…


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With a positive outlook for the Association of Southeast Asian Nations (Asean) in 2013, the establishment of the Asean Economic Community (AEC) in 2015 can be achieved, but some “key challenges” remain. “Despite risks caused by global financial crisis and other challenges including weak external demand, rising food and energy…

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The easing of US job numbers that caused a 140-point overnight rise in Dow Jones lifted sentiments in most markets and lead Philippine share prices to a significant increase. “Investors took guidance overseas, particularly on Dow Jones’ steep ascent last night [Monday night]. Most investors were on buying mode, given…

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