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Philippines: Higher FDI, lower hot money outflow in 2018 – BSP

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) expects sustained growth in foreign direct investment (FDI) inflows as well as lower net outflow of foreign portfolio investments next year amid the country’s strong macroeconomic fundamentals and the ramp up of infrastructure investments. Zeno Ronald Abenoja, director of the BSP’s Department of Economic Research, said […]

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World Bank hikes 2017 growth forecast for Philippines

MANILA, Philippines — After the Philippine economy grew faster than expected in the third quarter, the World Bank has upwardly revised its 2017 growth projection for the country to 6.7 percent. In a statement issued on Friday, the Washington-based multilateral lender said it upgraded its economic growth forecast for the Philippines from the previous estimate of […]

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Philippines: Foreign investment approvals up 61% in Q3

Foreign investment approvals surged in the third quarter of 2017, but the year-to-date tally remained low, compared with the figure posted a year ago, the government reported on Thursday. Data released by the Philippine Statistics Authority (PSA) showed that seven monitored investment promotion agencies (IPAs) had approved just P43.01 billion in foreign pledges, up 61.1 […]

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Philippines: Key rates, inflation forecasts unchanged

Philippine monetary officials maintained key interest rates on Thursday as expected, given a “broadly unchanged” inflation environment. Consumer price growth forecasts for this year to 2019 were also retained despite upside risks, the Bangko Sentral ng Pilipinas (BSP) announced. In its final meeting for the year, the policymaking Monetary Board (MB) kept the central bank’s […]

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