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Philippines: Monetary policy to remain accommodative

MANILA, Philippines — The generous monetary support unleashed by central banks around the world, including the Bangko Sentral ng Pilipinas (BSP), is expected to remain in place to support the global economy from the pandemic-induced recession, according to Moody’s Analytics. In its latest global outlook titled “Recovery fraught with risk,” Moody’s Analytics senior economist for […]

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Indonesia’s export value hits record in 10 years

Jakarta (VNA) – Indonesia’s export value hit 18.35 billion USD in March, the highest level since the 18.64 billion USD posted in August 2011, according to the Statistics Indonesia (BPS). The March’s figure represented rises of 20.31 percent and 30.47 percent month-on- month and year-on-year, respectively. BPS’ leader Kecuk Suhariyanto said at an online press conference that the […]

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Philippines: Budget utilization moderate in Q1

MANILA, Philippines — Budget utilization by government agencies eased in the first quarter, according to the Department of Budget and Management (DBM). Agencies used up P788.85 billion out of the P810.68 billion released through Notices of Cash Allocation (NCA) from January to March. This resulted in a utilization ratio of 97 percent, down from 99 […]

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