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Business confidence at all-time high

With the country’s growth driven largely by election-related spending and favorable macroeconomic conditions, business confidence in the Philippines surged to an all-time high in the second quarter of this year, the Bangko Sentral ng Pilipinas (BSP) reported on Thursday.

Read more: Business confidence at all-time high

SMC to pour P31 billion into cement venture

Conglomerate San Miguel Corp. (SMC) plans to pour $750 million or close to P31 billion in local currency into a cement venture owned by businessman Eduardo “Danding” Cojuangco Jr.

Read more: SMC to pour P31 billion into cement venture

Domestic demand seen as top growth driver for economy

FORGET exports: The country’s growth this year would be locally driven, executives of the Goldman Sachs Group Inc. said.

Read more: Domestic demand seen as top growth driver for economy


 

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