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Philippines return to pre-pandemic level seen by mid-year

MANILA, Philippines — Domestic economic activity is projected to return to pre-pandemic level by the middle of this year after a stronger-than-expected first quarter gross domestic product (GDP) growth of 8.3 percent, according to the Bangko Sentral ng Pilipinas. BSP managing director Zeno Ronald Abenoja said the strong growth in the first quarter is likely […]

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Philippine vehicle production sole decliner in ASEAN

MANILA, Philippines — The Philippines continued to fall behind its Southeast Asian neighbors in motor vehicle production, being the only country out of six that registered a decline in output in the first quarter. Association of Southeast Asian Nations (ASEAN) Automotive Federation (AAF) data showed 18,137 motor vehicles were assembled in the Philippines in the […]

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Philippines: Inflation main concern for investors

MANILA, Philippines — Inflation will be a major factor that would drive the market moving forward, traders said. In a commentary, Unicapital Securities said the continued inflation momentum would call for further rate hikes to curb rising prices. Inflation already reached 4.9 percent in April, its highest in over three years. The Bangko Sentral ng […]

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