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Economy

Three-year invest plan focuses on industries, jobs generation

The Board of Investments (BOI) focused on industries and jobs intensive industries under the released guidelines for the 2014-2016 Investment Promotions Plan (IPP).

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India’s Tata Motors eyes Phl as key Asian market

By Riza Lozada Tata Motors Philippines is revving up its bid to become a leading passenger vehicle brand in the country with its Indian bestseller Indigo, which the carmaker claims to be among the most cost- and fuel-efficient cars in the market.

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Credit-card firms bat for ID system, data bank

Riza Lozada The local credit card industry, which has been growing an average of five percent a year for the past 35 years, is aggressively pushing for implementation of the centralized credit information database as well as the national identification system to realize bigger growth rates.

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Immunity from suit sought for BSP execs during rehab

Jerry Maglunog There is a clamor among officials of the Bangko Sentral ng Pilipinas (BSP) that they get immunity from suit during the painful process of putting a distressed bank under the receivership of the Philippine Deposit Insurance Corp. (PDIC).

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Filipinos lack financial literacy, says Angara

Riza Lozada Financial literacy will have to be inculcated in the minds of Filipinos to achieve a secured future, Sen. Sonny Angara said.

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PSE profit up 2.7%; listing fees surge 19% in 2014

The Philippine Stock Exchange (PSE) reported its 2014 net income grew by 2.7 percent to P867.55 million from P844.77 million a year ago.

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1 in 4 Pinoys live in poverty–gov’t data

A bigger proportion of the population or about one in every four Filipinos were considered poor in the first half of 2014 due to government restrictions on rice imports and the lingering effects of a killer typhoon, state data released last Friday showed.

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WB taps Phl as model for climate risk funding

Riza Lozada The Philippines is being groomed as a model country for mobilizing funds to address climate risks. A World Bank (WB) report stated that the country is home to 16 provinces considered among the top 50 places in Southeast Asia that are vulnerable to sea level changes.

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JFC seeks long-term investments roadmap

Riza Lozada Trade chambers led by the American Chamber of Commerce in the Philippines have sought  a  long  term  roadmap  that  will  enable  the  Philippines  to  move  up  the  global  business  and  competitiveness  ladder particularly  with  the  advent  of  ASEAN  integration  and  forthcoming  foreign trade agreements (FTAs)  such  as  the  Trans  Pacific  Partnership  (TPP).

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BSP: Phl leads in region on schemes for co-ops

Riza Recio Asia-Pacific Economic Cooperation (APEC) member countries can emulate the Philippines initiative on credit surety fund that allows cooperatives to borrow 10 times of their minimum P100,000 contribution, Bangko Sentral Ng Pilipinas (BSP) Deputy Governor Diwa Guinigundo said last Friday during the culminating event of the APEC Finance and Central Bank Deputies’ Meeting after the two-day discussion held in …

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