February 1, 2011

Philippine Economy grew 7.3 percent

Main Drivers of Growth:
1. Higher dollar remittances from OFW
2. Mining
3. Construction
4. Manufacturing
5. Business Process Outsourcing

Effects in the Local Market includes:
1. Higher revenues for banks
2. More development for real estate companies
3. Improved consumptions on food and beverages
4. Improve revenue on power and energy

Expect another stellar performance of the local companies in each of the business sectors affected. Invest in these sectors and see your investments grow for the rest of the year.

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