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Philippines: Inflation slows to 2.6% in February

Gives BSP room to cut rates aggressively MANILA, Philippines — Growth in consumer prices decelerated in February on slower growth in the cost of transport, alcoholic beverages and tobacco, as well as housing and utilities, the Philippine Statistics Authority (PSA) said yesterday. The headline inflation rate fell to 2.6 percent in February from 2.9 percent […]

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Malaysia: Large-cap staples to lead consumer sector growth in 2020

KUALA LUMPUR: Staple producers are broadly expected to outperform retailers in the coming year as consumer spending is kept afloat, especially among the lower-income group. Affin Hwang Capital research said it forecast sector 2020 core earnings per share growth of 4% year-on-year, mainly driven by large-cap staples. “Post-revision, we project overall sector EPS to recover […]

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Philippines: Jobless rate steadies at 5.3% in January

MANILA, Philippines — Employment and unemployment growth were unchanged year-on-year in January despite the increase in the work-ready population, the Philippine Statistics Authority (PSA) said yesterday. As of January 2020, the country has 73 million Filipinos aged 15 and above available for work, more than 71.89 million higher than the same month last year. Out […]

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