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BusinessWorld Online: Economy
Aug. foreign reserves breach lower end of full-year target
THE COUNTRY?S gross international reserves (GIR), which cushion the economy against external shocks, grew to $49.578 billion by the end of August from the previous month?s $49 billion, already breaching the lower end of the official full-year target, the Bangko Sentral ng Pilipinas (BSP) reported yesterday.
Negros anti-poverty projects get P52-M aid
BACOLOD CITY -- Forty-five anti-poverty projects in Negros Occidental under the government?s Kapit-Bisig Laban sa Kahirapan-Comprehensive and Integrated Delivery of Social Services program had received a total of P52.035 million in grant from the World Bank from 2006-2009, the Western Visayas office of the Department of Social Welfare and Development (DSWD) said in a recent statement.
Gov?t says rice stock enough
THE COUNTRY?S rice inventory started August up 28%, year on year, to a level higher than the officially prescribed buffer, though corn stock dropped 44%, data from the Bureau of Agricultural Statistics (BAS) showed.
Mining council asks S. Cotabato board to review open pit ban
GENERAL SANTOS CITY -- A regional mining development policy-making body has formally asked the Sangguniang Panlalawigan of South Cotabato to review the controversial provincial environment code that bans open-pit mining, an official said in a recent interview.
