PH Business Outlook Remains Strong

Business optimism continued to be strong in the first quarter of the year (1Q), with the overall confidence index (CI) at  47.5%. The confidence index is computed as the percentage of firms that answered in the affirmative less the percentage of firms that answered in the negative with respect to their views on a given […]
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First Holdings Announces Share Buyback

First Philippine Holdings Corp. (PSE: FPH), a corporation with diversified interests in power generation and distribution, tollways, pipeline service, property development, manufacturing, construction and engineering services, bought back 550,000 common shares on February 1, in compliance with the Philippine Stock Exchange‘s (PSE) memorandum dated July 19, 2010. After the transaction, the company’s total outstanding shares […]
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PH GDP Up 7.3% in 2010

Despite the El Niño and the diminished government spending during the second semester, the domestic economy sizzled to its highest annual GDP growth in the post Marcos era of 7.3% in 2010 from 1.1% in 2009, according to the National Statistical Coordination Board (NSCB). The global economic recovery which resulted in record growth rates of […]
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FDIs Topped $1B in January-October

Net inflows of foreign direct investments (FDI) for the first ten months of 2010 reached $1.1 billion. Notwithstanding the favorable growth prospects in the domestic economy, investor sentiment remained cautious amid concerns on the sustainability of recovery of advanced economies, particularly of the U.S. where the outlook continued to be fragile given the high government […]
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