Business newsmakers of 2012

Posted at Dec 31 2012 03:53 PM | Updated as of Dec 31 2012 11:53 PM

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2012 was the Philippines' breakout year. It even merited a discussion in a leading economist's book on breakout nations.

The economy, local stocks and the peso were among the best performers in Asia. Government ramped up spending but still couldn't pick up the pace of public private partnerships nor lower unemployment.

Lois Calderon reports on the newsmakers.-- ANC, News Now, Dec. 31, 2012