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Bullish sentiment buoys stock market

By ANGELICA BALLESTEROS, TMT and AGENCE FRANCE-PRESSE March 19, 2019 THE stock market rose for a second day on Monday, joining other Asian markets as investors were said to be heartened by expectations that key interest rates would remain unchanged. The benchmark Philippine Stock Exchange index (PSEi) rose by 0.96 …

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Budget impasse tagged as govt posts Jan surplus

By MAYVELIN U. CARABALLO, TMT March 19, 2019 THE government incurred a budget surplus in January as state spending contracted because of Congress’ inability to pass the 2019 outlay, the Bureau of the Treasury said on Monday. The month’s P44.5-billion surplus was a reversal of the P81.042-billion deficit posted in …

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Roughly 31 million joints’ worth of recreational pot sold in 2018

A woman smokes cannabis in a Toronto park on first day of legalization of cannabis across Canada on October 17, 2018. (THE CANADIAN PRESS/Chris Young) Josh Dehaas, CTVNews.ca Writer @JoshDehaas Published Monday, March 18, 2019 9:17PM EDT Enough recreational dried cannabis was sold through Canadian retailers between legalization on October …

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$2.745B sent home by OFWs in January

By MAYVELIN U. CARABALLO, TMT March 16, 2019 MONEY sent home by overseas Filipino workers (OFWs) fell to a two-month low in January, the Bangko Sentral ng Pilipinas (BSP) reported on Friday. Personal remittances — comprising OFWs’ net compensation, personal transfers whether in the form of cash or in kind, …

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Current account deficit widens to record $7.9B

By MAYVELIN U. CARABALLO, TMT March 16, 2019 The country’s current account deficit hit an all-time high last year as robust economic activity resulted in a wider trade gap, the Bangko Sentral ng Pilipinas (BSP) said on Friday. “The current account deficit rose to an all-time high of $7.9 billion, …

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External debt hits $79B, payments also up in 2018

By MAYVELIN U. CARABALLO, TMT March 18, 2019 THE country’s outstanding external debt totaled $79 billion as of end-2018, central bank data released late last week showed, up from a quarter and a year earlier. Also on Friday, the Treasury bureau reported that debt payments made by the government last …

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