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A major trade group, the Management Association of the Philippines (MAP), which groups top business executives in the country, has joined the clamor in the local business for the repeal of Executive Order 558 that opened to almost all government agencies and state corporations the granting of cheap credit, or loans below P150,000.Business execs call for EO 558 repeal (The Daily Tribune)

The islands share a language and legal system with the U.S., and offer high skills and low costs. They could outrun India for outsourcing dollarsThe Philippines' Awesome Outsourcing Opportunity (BusinessWeek)

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