Economy

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Vice President Jejomar C. Binay (right) talks to Filipino Reporter publisher/editor-in-chief Bert Pelayo at the Philippine Embassy residence in Washington, D.C. on Feb. 4.  (Photo courtesy of the Philippine Embassy)

 

Exclusive to the Filipino Reporter

WASHINGTON — Vice President Jejomar C. Binay’s five-day whirlwind visit to the United States was something of a political oddity.

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Ex-President and current Pampanga Rep. Gloria Macapagal-Arroyo.

 

WASHINGTON — The Philippines slipped six places to 115 in the latest index of economic rankings of 179 countries around the world.

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The International Monetary Fund said it expects that growth in the Philippines will average 7 percent in 2010 and 5 percent in 2011.

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MANILA — London-based think-tank Capital Economics Ltd. sees the peso strengthening to 39 to $1 by the end of next year as Asian currencies are expected to appreciate further against the greenback.

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