Mastercard Forecasts 5% Expansion this Year

Biz Progress In perhaps the most bullish projection on the Philippine economy by far, MasterCard Worldwide forecasts it will expand by 5 percent this year, driven by strong remittance flows which it expects to grow by 9 percent. Although other regional and local economists also see growth for the country this year, their...

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Philippines Unscathed by Global Crisis

RP RELATIVELY UNSCATHED BY GLOBAL CRISIS – BSP CHIEF MANILA, JANUARY 3, 2010 (STAR) By Lawrence Agcaoili Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco Jr. believes that the Philippine economy was left relatively unscathed by the “financial crisis” that led to a global economic slump. Tetangco said...

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Bank of the Philippine Islands “Cautiously Optimistic” for 2010

BPI ‘cautiously optimistic’ on prospects for 2010 Elections make forecasting difficult By Doris Dumlao Philippine Daily Inquirer First Posted 22:50:00 12/07/2009 BANK OF THE PHILIPPINE ISLANDS (BPI) is “cautiously optimistic” on business prospects for 2010, banking on expectations of a faster pace of domestic economic...

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