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Business & Economy

Ayala Land breaks ground for BPO campus in Negros Occidental

MANILA, Philippines--Property giant Ayala Land Inc. broke ground for a business process outsourcing (BPO) campus in Talisay City in Negros Occidental, a project seen creating more than 15,000 jobs for the local community from BPO offices, retailers and support services upon completion.


Rise in bank lending boosts consumer, business sentiments—BSP

MANILA, Philippines – Bank lending rose by 12.5 percent in August from a year ago, registering its fastest pace in over a year, as improved consumer and business sentiments drove demand for credit and prompted banks to lend more.


Inflation at 10-month low in September

RISE IN consumer prices was at a 10-month low in September, a development officials said was due to increasing investments that propped supply of goods and services to meet growing demand.

Last Updated ( Thursday, 07 October 2010 23:53 )


RP economy seen to do even better at 8%

THE PHILIPPINE economy is expected to grow by 8 percent this year due to favorable conditions that are seen to benefit emerging markets, according to Barclays.

The international finance institution recently upgraded the country’s growth forecast, a tad higher than the government’s official target.

Last Updated ( Wednesday, 06 October 2010 15:49 )


Aquino brings home the bacon: $2.4B

MANILA, Philippines—President Benigno Aquino III Tuesday said $1 billion of the $2.4 billion in new investments that would be poured into the country as a result of his just-concluded trip to the United States would come from Atlanta-based Coca-Cola Co.

Upon his arrival in Manila after his one-week US visit, Mr. Aquino said another $1 billion would come from American Energy Solutions (AES).


Last Updated ( Wednesday, 06 October 2010 09:18 )