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There have been quite some writings about the non-inclusiveness of the recent economic growth, so no need to get into that again in this column. While the numbers say that there has been economic growth recently, 7.8 percent in gross domestic product (GDP), this has been mainly arrived at due…

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LONDON: Europe’s main stock markets fell at the start of trading on Tuesday, with London’s benchmark FTSE 100 index down 0.11 percent to 6,323.48 points, as traders nervously awaited the start of the US Federal Reserve’s latest monetary policy meeting. Frankfurt’s DAX 30 slid 0.23 percent to 8,196.44 points and…

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The Philippine economy, as measured by gross domestic product (GDP), may grow faster at 6.9 percent in 2013 as investments to infrastructure are scaling up, according to the Standard Chartered Bank. In its latest research report released on Monday, the bank said that it lifted its 2013 growth projection for…

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The Bureau of Internal Revenue (BIR) failed to reach its May 2013 collection target of P115.12 billion, as it only collected P111.90 billion in tax revenues for the said month. In a statement on Monday, the bureau said that its May collection was P3.22 billion, or 2.8 percent less than…


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Philippine equities prolonged its recovery trend on Monday after the steepest decline registered in the previous week left appetizing share prices for investors, which caused bargain-hunting to continue on Monday. The Philippine Stock Exchange index concluded Monday’s session with a 1.56-percent improvement, or 97.15 points higher to close at 6,339.41.…

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HONG KONG: Asian markets were mostly up on Monday, as a weak batch of US economic data provided hope that the Federal Reserve would put off announcing any winding down of its vast stimulus scheme at the end of a policy meeting this week. Traders were upbeat despite a soft…

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