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MANILA, Feb 1 Asia Pulse - Highlights of today's newspapers:
THE MANILA TIMES:
- The Philippines missed its economic growth target last year on the back of a series of typhoons in the last quarter that pulled down farm output, which comprises a fifth of the domestic production.
- The interest rate that banks earn on their deposits with the Bangko Sentral ng Pilipinas (BSP) is likely to go down in the second quarter, according to Standard Chartered Bank.
- Demand for money jumped by nearly a fourth in December, accelerating from the already double-digit rise seen the month before, according to the Bangko Sentral ng Pilipinas (BSP).
- Collections of the reformed value-added tax (VAT) last year surpassed the target, the Department of Finance said on Wednesday.
- Share prices closed higher Wednesday as investors remained confident the countrys economy will continue to grow this year after gross domestic product hit 5.4 per cent in 2006, dealers said.
Source: HighBeam Research, PHILIPPINE NEWSPAPER HIGHLIGHTS - FEB 1, 2007.