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By Luis Leoncio Despite the rapid growth in the local banking industry the past few years, more than 86 percent of the population or roughly 86 million Filipinos do not have a bank account, Finance Secretary Carlos Dominguez III said.

By Riza Lozada Government spending grew by a hefty 28.2 percent in October to reflect the pick up in government projects and programs.

A Filipino-French joint venture building a $25-million pilot phase of an ocean tidal power plant in San Bernardino Strait, which will be the first in the Philippines and the Asean region, encouraged the government to create a single state-run guarantee agency to provide assistance to major projects.

The government has asked a meeting with Chinese Customs officials to check the narrowing but still significant gap between that country’s registered export volumes to the Philippines and import figures officially reported here.

By Riza Lozada The Joint Foreign Chamber (JFC) urged Congress to speed up the crafting of legislation that would resolve the vehicular traffic congestion crisis in the country.

By Riza Lozada The Philippines registered the highest rate of foreign direct investment (FDI) growth in the Association of Southeast Asian Nations (Asean) region last year, with the country hoping to capitalize on the global attention generated by hosting the bloc’s most recent summit to enhance trade and investment flows, think tank Oxford Business Group (OBG) said in a report.

Butuan City – Residents of Libertad in Butuan City, Agusan del Norte, led by its local government leaders and Department of Health officials recently came together to celebrate the inauguration of the town’s newly rehabilitated rural health unit.

By Luis Leoncio The government has started its repurchase market which is envisioned to further strengthen the domestic capital market.

By Riza Lozada Business sentiment turned more upbeat for the fourth quarter, with the Bangko Sentral ng Pilipinas (BSP) overall confidence index (CI) rising to 43.3 percent from 37.9 percent in he previous quarter indicating the number of optimists increased, the results of the BSP Business Expectations Survey released yesterday showed.

By Riza Lozada Metropolitan Bank and Trust Company (MBTC), one of the biggest banks in the country has been sanctioned including setting aside a P4.45 billion provision over alleged fraud by one of its executives.