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Socioeconomic Planning Secretary Arsenio Balisacan said on Tuesday the Philippines would be “doing okay” if gross domestic product (GDP) growth were to keep its pace at 7 percent in the next 20 years. “Development is responding to new ages. If we succeed to grow 7-percent GDP in five years, there…

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BEIJING: Asia experienced a billionaire boom last year, with more than 200 people from the continent seeing their net worth pass into 10 figures, a Chinese publisher said on Tuesday. A total of 824 Asians were included among the 1,867 people named as dollar billionaires on the Hurun Report’s global…

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SHANGHAI: US firms in China are largely optimistic about their prospects in the world’s second-biggest economy, a survey showed on Tuesday, despite a growth slowdown and a government austerity drive. But while the American Chamber of Commerce in Shanghai said that 86 percent of its members were optimistic about the…

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BRUSSELS: The European Union (EU) upgraded its economic forecasts on Tuesday, betting that a modest recovery is now sustainable as member states push ahead with reforms. The 18-nation eurozone should grow 1.2 percent this year and 1.8 percent in 2015, up from previous estimates given in November for 1.1 percent…


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IF there is one who CAN save the two major businesses of the Indonesian-controlled First Pacific Co. Ltd. in the Philippines, it is businessman John Gokongwei Jr. using the family’s JG Summit Holdings Inc. Manuel Pangilinan, FirstPac’s top man in the country, probably, does see in Gokongwei the messiah he…

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It looks like the height of irony for a nation that has “lost” at least P3 trillion or P4 trillion to corrupt activity, which has already received hundreds of millions of US dollars in foreign disaster aid, and in which the all powerful private sector contains at least one entity…

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