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By 1970, among the Philippines's five largest banks holding almost 50 percent of all assets in the industry, namely China Banking Corporation, Citibank, the Bank of the Philippine Islands, Equitable PCI Bank, in addition to the formerly government-owned Philippine National Bank came under the control of Chinese shareholders.
Fiscal policy are "measures employed by governments to stabilize the economy, specifically by manipulating the levels and allocations of taxes and government expenditures". [1] In the Philippines, this is characterized by continuous and increasing levels of debt and budget deficits, though there were improvements in the last few years of the ...
There are 17.3 million Filipino adult smokers (15 years or older), 84 percent (14.6 million) of which are males and 16 percent (2.8 million) are females. [24] In addition, 23 percent of Filipino adults are daily tobacco smokers; 38.2 percent for males, who on the average smoked 11 cigarettes a day, and 6.9 percent for females, who on average ...
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