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Philippines's Portal
Briefing you for business across the globe
 


Country Briefings provides carefully researched aggregated information covering the economy, stock market, politics and corporate affairs.


These extracts are from the The Economy section of Philippines's Briefings.


Extract from the Briefing covering the period 08/03/2005-25/04/2005
Surging Oil Prices May Hurt 2005 Economic Growth
The central bank on March 30th revised the country's current account surplus at US$2.08bn in 2004. The figure is less than half of the earlier reported US$5.36bn because the country changed its co...

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Extract from the Briefing covering the period 26/01/2005-07/03/2005
Moody's Downgrades Credit Rating
Economic growth exceeded the government's original target of 4.9%-5.8% in 2004 by expanding 6.1%, its fastest pace of expansion in 15 years. Government economists said that the growth was broad-ba...

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Extract from the Briefing covering the period 06/12/2004-25/01/2005
Debt Ratings Cut by Standard & Poor's on Deficit Concerns
In 2004 the agriculture sector grew 5.1% from 3.77% in the previous year. Agriculture Secretary Arthur Yap said that the strong growth in the grains and fisheries sectors contributed to improved farm ...

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Extract from the Briefing covering the period 20/10/2004-05/12/2004
Economy Continues to Perform Better than Expected
The government announced that it would borrow more than originally planned from the overseas debt markets in '05, as it has assumed Ps200bn (US$3.5bn) in debt from state firm National Power Corp (...

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Extract from the Briefing covering the period 02/09/2004-19/10/2004
Manila Delays Balanced Budget Target to 2010
The Bangko Sentral ng Pilipinas on October 12th said that it does not expect inflation to decline to the original target of 4%-5% until the second half of 2005. The central bank said that the 4%-5% in...

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Extract from the Briefing covering the period 20/07/2004-01/09/2004
Economy Buoyant in Q2 but Forecast to Slow
At the end of 2003 the country's total debt amounted to Ps3.36 trillion (US$60bn), 78% of GDP. Faced with falling revenues and poor tax collection, the budget deficit is forecast to hit about Ps20...

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Extract from the Briefing covering the period 09/06/2004-19/07/2004
Political Concerns Ease as Arroyo Embarks on New Six-Year Term
The National Statistics Office reported that exports in May surged 15.3% y-o-y to US$3.26bn, an 18-month high. Key electronic exports, which accounted for 66.4% of the May total, were up 18.7% to US$2...

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Extract from the Briefing covering the period 28/04/2004-09/06/2004
Nation Waits for Confirmation of Arroyo's Re-Election
Economic Planning Secretary Romulo Neri said on May 27th that despite rising oil prices the country is on track to hit the government's 4.9% to 5.8% economic growth target in 2004. ...

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