Survey finds businessmen see lower sales, exports, and profits

Filipino business leaders expect turnover, exports and profitability to dip this year compared to 2008 as they brace for the full effects of the global financial crisis but Filipinos are still relatively optimistic compared to their neighboring countries, survey results said.
The results come from the Grant Thornton International Business Report (IBR) 2009, which was released by audit, tax and advisory firm Punongbayan & Araullo (P&A), a member firm within Grant Thornton.

The IBR surveyed over 7,200 privately held businesses (PHBs) on their expectations for six economic indicators: profitability, turnover, exports, selling prices, investment in new buildings, and investment in plant & machinery.

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