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ICT To Invest in Iraq

The local equities market closed higher for the third consecutive day on bargain-hunting as investors collectively anticipated quarter-end window dressing.

The PSEi continued its upward momentum, increasing by 31.08 points, or +0.46% to close at 6,793.07.

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Euro Shares Unchanged

European shares ended mostly unchanged following a day of choppy trading as strong German trade data was offset by the ongoing geopolitical conflict in Ukraine. The FTSEurofirst300 index inched up 0.41 of a point to 1,321.39.

German exports jumped by a seasonally adjusted 2.2% last January, much higher than the market estimate of 1.4%, while imports leapt 4.1%, compared to the consensus forecast of a 1.3% gain.

03TH ASIAN MARKET 798825f1 Euro Shares Unchanged Read the rest of this entry »

Tourism Business Up

According to data from the National Statistical Coordination Board (NSCB), income from tourism went up by 10.2% to Php571.3 billion last year. Among the various tourism-related activities, shopping accounted for the largest share with 22.9%, followed by accommodation, and entertainment & recreation with 11.2% and 6.8%, respectively.

Tourism Undersecretary Domingo Ramon C. Enerio said that there is renewed confidence in the macroeconomic development of the country as well as the business climate, which is getting better. There were more arrivals in 2011 compared to 2010 and the previous years.

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