The local business sector remains optimistic about the economic outlook for the first two quarters of the year, driven by upbeat business sentiments in areas outside of the National Capital Region, despite persistent concerns of political uncertainty and peso-dollar volatility ahead of the May 10 ba
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The peso closed at a historic low of P56.35 to the US dollar yesterday amid heightened campaign jitters and central bank’s non-committal stance to help the local currency.
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Clark Development Corp. and Deutsche Bank S.p.a. Friday signed a memorandum of agreement for the $11 million loan for the establishment of a radar facility and spare parts support facility for the Diosdado Macapagal International Airport (DMIA).
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Trade and Industry Secretary Cesar V. Purisima has urged the Filipino-Chinese community to rally behind the country’s economic development by supporting the government’s efforts at improving the productivity of the small and medium-scale enterprises (SMEs).
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The peso closed yesterday at a record low of P56.35 to the US dollar at the Philippine Dealing System of the Bankers Association of the Philippines from P56.20 the previous day. The weighted average rate depreciated to P56.323 from P56.18. Total volume amounted to $195 million.
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Infant mortality rate in the Philippines declined to 29 deaths among children below 1 year old per 1,000 live births during the period 19982002. There were 35 deaths per 1,000 live births during the period 1993-1997.
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The Philippine Long Distance Telephone Co. (PLDT) Board of Directors yesterday appointed Manuel V. Pangilinan, popularly known as MVP inside the company, as Chairman, while retaining his post as Chairman of the Board of Smart Communications and ePLDT.
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The Philippines should push for the liberalization of the Japanese health care industry in negotiating for a bilateral economic agreement with Japan.
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LONDON, Feb. 20 (Reuters) — The dollar stormed to a six-week high against the yen and hit a twoweek peak versus the euro in early European trade on Friday as dealers bought back the US currency after weeks of selling it across the board.
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