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Philippines: ‘PH to sustain foreign investment inflow in 2017’

BSP cites young population, sound macroeconomic fundamentals The central bank sees continued inflow of foreign direct investments (FDI) into the Philippines in 2017 as the country remains an attractive destination for investors given its young population, vibrant industry sectors and solid macroeconomic fundamentals. FDI inflow “is going to continue, given the [country’s] sustained economic growth, […]

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Philippines: Feb BoP deficit widest in 4 months

THE Philippines’ balance of payments position yielded a $436 million deficit in February, its widest deficit in four months, central bank data released on Monday showed. The payments deficit expanded from a $251 million gap a year earlier and a $9 million shortfall in January. The February deficit was the widest since November 2016, when […]

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Philippines: Foreign investments seen to sustain upsurge

MANILA, Philippines – Despite external economic challenges, the Philippines continues to see strong inflow of foreign direct investments (FDI), driven by the recovery in the manufacturing sector and the sustained growth in the services sector, according to the Bangko Sentral ng Pilipinas (BSP). “Manufacturing for instance is picking up again in addition to the usual […]

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Indonesia, Philippine stocks fall on profit-taking

Indonesian and Philippine shares fell on Monday as investors chose to book profit after recent gains, while Malaysia hit its highest in nearly 22 months on the back of gains in telecom stocks. The Jakarta Composite Index closed 0.1% lower following last week’s record-setting spree with consumer and energy stocks leading the decline. “I think […]

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Philippines: Jobless rate rises to 6.6% in Jan

MANILA, Philippines – The number of unemployed Filipinos swelled in January after typhoons during the tailend of 2016 caused many farm workers to lose jobs, the National Economic and Development Authority (NEDA) said yesterday. The January 2017 Labor Force Survey of the Philippine Statistics Authority (PSA) showed the nationwide unemployment rate rose to 6.6 percent […]

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