Business & Economy

Moody’s assured of reforms

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The government has assured officials of credit rater Moody’s Investors Service that the former will continue to undertake measures to improve the country’s finances and business environment, a central bank official said Friday.

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Manila Solar City may rise in the middle of Manila Bay

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MANILA -- A world-class commercial, residential and tourism center may soon rise in the middle of Manila Bay.

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Foreign chambers weigh in ahead of NCR wage hearing

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The umbrella group of foreign firms operating in the country has warned anew that raising the daily minimum wage of private sector workers now will benefit only a few of them and could force small businesses -- which comprise bulk of the business sector -- to retrench or close shop altogether.

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Phl revenue growth very good – Moody’s

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MANILA - State revenues have been “very good” despite the absence of far-reaching structural reforms, boosting the Philippines’ chances of grabbing that much-coveted investment-grade status from Moody’s Investors Service.

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More investments in regions seen key to employment, lessening poverty

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The National Economic and Development Authority (NEDA) has underscored the need to boost competitiveness and attract investments to the regions in order to generate more employment and reduce poverty in rural areas.

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Phl posted ‘robust’ growth in Q2

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The Philippines is poised for strong economic growth in the second quarter of 2013 as domestic and foreign investments continued and more locally sourced goods were exported during the period, Economic Planning Secretary Arsenio Balisacan told reporters.

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Philippines is ASEAN’s main economic engine

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The Philippines is now Southeast Asia’s main economic engine, fueled by strong domestic demand, to lead the rest of the region ahead of Asia this year, rating firm Standard & Poor’s (S&P) said.

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La Union breathes new life to freeport development

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SAN FERNANDO CITY --- After nearly two decades and two master plans, the Poro Point Freeport Zone (PPFZ) is back on track into becoming a premier business and leisure destination in northern Luzon.

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Foreigners cite new flip-flop on how gov’t treats contracts

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The controversy arising from calls to rescind the agreements of the two water concessionaires in Metro Manila is yet another manifestation of how “difficult” it is to do business with the government, according to the European Chamber of Commerce of the Philippines (ECCP).

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Rural bankers thank PNoy for foreign equity law

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MANILA -- Sound economic policies of the Aquino administration will result in a significant amount of foreign investments in the long run, a group of rural bankers said Tuesday, a day after President Benigno Aquino III delivered his fourth State of the Nation Address (SONA).

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