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Monthly Archives: October 2018

M3, bank lending growth eased in September

MONEY supply and bank lending growth both slowed in September amid the decelerated growth in loans for productive sectors of the economy, the Bangko Sentral ng Pilipinas (BSP) reported on Wednesday. In a statement, the central bank said domestic liquidity or M3 expanded by 9.7 percent year-on-year to P11.157 trillion, …

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‘Focus on stability to sustain growth’

THE Philippines should prioritize stability amid strong inflationary pressures, high credit growth and rising external headwinds to sustain robust growth, according to the Asean+3 Macroeconomic Research Office (AMRO). “The Philippine economy is expected to continue its robust growth, expanding by 6.5 percent in 2018 and 6.4 percent in 2019, broadly …

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Oct inflation to stay above 6% – BSP

INFLATION likely stayed above 6 percent in October, either easing to 6.2 percent from September’s nine-year high of 6.7 percent or accelerating further to 7 percent, the Bangko Sentral ng Pilipinas (BSP) said on Wednesday. In this undated photo, a man arranges the vegetables he is selling at his stall …

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Belt and Road pushed as protectionism rises

BOAO, Hainan: Chinese officials and media executives on Tuesday pushed an ambitious infrastructure and investment program as an answer to rising protectionism and other threats to global economic growth. The Belt and Road Initiative (BRI) — a development strategy unveiled in 2013 to link Europe, Africa and Asia — has …

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Duterte satisfied with govt response to ‘Rosita’

PRESIDENT Rodrigo Duterte expressed satisfaction with the response of the government in the wake of the onslaught of typhoon “Rosita” (international name: Yutu) in Northern Luzon. In a situation briefing in a hotel in Cauayan City, Isabela, Duterte said government officials did their respective jobs and thanked them for it …

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