Philippines

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This month, the government said it expected to meet its target of providing electricity to the whole country by 2008.
Global mining companies are turning their attention to the Philippines, one of the world's top countries in terms of natural mineral deposits.
Reforms in the banking sector are beginning to bear fruit, according to the latest central bank report.
The Philippine government announced in late April that it would provide P34bn ($717m) in loans to small- and medium-sized enterprises (SMEs).
Remittances from Overseas Filipino Workers (OFWs) totaled $1.1bn in February, bringing the total for the first two months of the year to $2.2bn, up 22.6% year-on-year.
This archipelago of more than 7000 islands has developed into one of Asia's most successful providers of business process outsourcing (BPO) and electronics exports.

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