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IMF ups growth forecast
by Eileen A. Mencias
The International Monetary Fund has upgraded its growth forecast on the Philippine economy this year to 1.5 percent from 1 percent and to 3.5 percent from 3.2 percent next year.
PNOC unit, BHP Billiton to drill in south Palawan
by Alena Mae S. Flores
PNOC Exploration Corp., a unit of state-owned Philippine National Oil Co., yesterday said it reached an agreement with BHP Billiton Petroleum to jointly explore for oil and gas in the West Balabac area off the southwestern tip of Palawan.
Imports fell 25% in September to $3.67b
by Roderick T. dela Cruz
Merchandise imports fell for the 12th consecutive month in September, dragged down by lower fuel prices and sluggish demand for raw materials, capital goods and consumer products.
ExxonMobil may have hit paydirt in Sulu Sea
Senior executives of ExxonMobil Corp., the world’s largest oil exploration company, are in a frenzy lately, lining up several activities, presumably to call attention to its Sulu Sea oil exploration.
Tanduay Distillers eyeing P5b worth of retail bonds
Central bank reviewing regulations on single borrower’s limit
RP companies eye $15-b Guam buildup
A foamy success story
Foam maker Uratex Group started with a small factory in Malibay, Pasay City 41 years ago with an office under a santol tree.
Looking forward to a Posh future
Sun Cellular wins Agora award
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Police quiz Ampatuan, cops; military deactivates militias
by Aaron Favila
AMPATUAN—Authorities, under intense public pressure to make arrests in the country’s worst election massacre, said yesterday they are investigating a member of the powerful Ampatuan clan allied with the government along with four police commanders.
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Teodoro flies to killing field, offers self as legal counsel
by Christine F. Herrera
ADMINISTRATION standard-bearer Gilberto Teodoro Jr. yesterday offered to give free legal services to the families of the 12 journalists killed in Maguindanao and worked to expel the Ampatuans, the main suspects in the massacre, from the ruling party.
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| Collateral damage. Journalists and soldiers look as a backhoe pulls the wreckage of one of three vehicles that was dumped together with massacre victims along a hillside grave in Ampatuan, Maguindanao. AARON FAVILA, AP |
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