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17pm Singapore Standard & Poor's Ratings Services today raised its sovereign credit ratings on the Republic of the Philippines to 'BBB-/A-3' from 'BB+/B'...A-2'. "The upgrade on the Philippines reflects a strengthening external profile, moderating
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Official data show that imports increased by a surprising 14.1 percent in March, which shows the country has kept its word that it would expand imports to help rebalance the world economy. The growth is well above market forecasts and much higher
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The budget deficit for 2012 was expected to be reduced to 6.2 percent of GDP from 6.9 percent of GDP recorded in 2011, reports Xinhua. To achieve that target, the budget 2012 envisaged an increase in government revenue to 14.7 percent of GDP from 14.
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These impressive achievements played a vital role in our effective response to the severe impact of the global financial crisis, and laid a solid foundation for sustaining China's economic and social development. They have benefited and will continue
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Standard Chartered Bank Asia may not be booming, but it is growing sustainably. Growth momentum in Asia was solid at the end of 2012 and economists at Standard Chartered Bank are confident that 2013 will be stronger than last year, supported by
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March 14, 2013 Even as the Reserve Bank of India (RBI) frets over the high rate of inflation and wards off pressures to cut interest rates, it is faced with another challenge. Balance of payments data for the second quarter of 2012-13 show that the
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The Executive Board of the International Monetary Fund (IMF) concluded the 2012 Article IV consultation with the Dominican Republic. Over the past two years, economic activity has decelerated and macroeconomic imbalances have increased. Economic
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Naples-Marco Island was in the red for economic growth in 2011...A new report released Friday by the federal Bureau of Economic Analysis shows the real gross domestic product (GDP) shrinking by 0.4 percent in both metros year-over-year from 2010,
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Kampala Uganda said it plans to increase domestic borrowing this fiscal year by 0.7 percent of GDP after donors withheld $282 million in budgetary support over a corruption scandal. At least five western countries, including Uganda's biggest
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India's government said the economy will likely register its slowest annual growth in a decade and expand just 5.0 percent in the fiscal year ending in March, citing official estimates released Thursday. This is lower than an earlier forecast of 6.2
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