Business & Economy

PHL backs more partnerships with middle-income countries for inclusive growth

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MANILA -- Lessons and best practices from other middle-income countries (MICs) can help the Philippines improve its poverty reduction and infrastructure programs towards inclusive growth, according to the National Economic and Development Authority (NEDA).

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SEIPI keeps 5-6% growth goal

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The electronics and semiconductor sector has remained confident it could attain its 5-6 percent growth target this year and hit its goal of $50 billion in 2016.

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Aquino: Global Development Conference provide ‘specific, more effective, and more strategic’ solutions

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President Benigno S. Aquino III said on Wednesday that the holding of the Global Development Networks’ (GDN) Annual Global Development Conference provides policymakers with “specific, more effective, and more strategic” solutions to the global problems of poverty, hunger, unemployment, lack of education and corruption.

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Peso slumps to 43-to-dollar level as US, Japan slow down stimulus programs

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MANILA --The peso slumped on Tuesday, June 11, weakening back to the 43-to-a-dollar territory as signals that the US and Japanese central banks are allowing their stimulus programs to taper off dampened appetite for emerging market currencies.

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Philippine, UK Gov’ts, NGO join to boost mining transparency

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The Philippine and British Governments, along with non-governmental organization Bantay Kita, are embarking on a partnership that will push the Philippine agenda on strengthening transparency and accountability in extractive industries.

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Filipinos care about jobs, energy, Shell says

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About nine of 10 Filipinos are as concerned about energy prices and future energy demand as they are with employment and education, according to a survey commissioned by the Shell Companies in the Philippines.

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Solaire to boost gaming earnings to $2.5-B in ‘13

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The Philippine Amusement and Gaming Corp. (PAGCOR) said the entire gaming industry will be able to generate gaming revenues of $2.5 billion this year boosted by the operations of  Solaire Resort & Casino beginning early this year.

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ING Group sets up back office in PH

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MANILA - Netherlands-based ING Group N.V., one of the world’s largest financial service companies, has established a new back office in the Philippines.

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Pres. Aquino invites World Economic Forum delegations to next year's summit in Manila

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NAY PYI TAW, Myanmar -- President Benigno S. Aquino III personally invited last June 8 the delegations who attended the World Economic Forum (WEF) on East Asia here to attend next year's summit set in Manila.

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Diplomats laud Aquino government's economic gains, peace deal with MILF

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MANILA -- Members of the diplomatic corps on Wednesday lauded the Aquino administration for its economic gains and the peace pact it entered with the Moro Islamic Liberation Front (MILF).

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