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Philippines: IMF urges checks to prevent overheating

MANILA, Philippines — The International Monetary Fund (IMF) said monetary and fiscal authorities should act swiftly to prevent the Philippine economy from overheating amid rapid growth and low inflation. “The combination of high credit growth, buoyant private investment, and fiscal expansion without tax reform could lead to overheating of the economy,” it said. Overheating occurs […]

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Philippines: Inflation kicks up to 3.5% in Oct

MANILA, Philippines — The country’s inflation rate quickened to a three-year high in October, driven largely by higher fuel and food prices as well as the weaker peso,  the Philippine Statistics Authority (PSA)  reported yesterday. Inflation, the movement of prices of basic goods and services, accelerated to 3.5 percent in October, higher than the 2.3 […]

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Philippine auto sector outperforms in ASEAN market

MANILA, Philippines — The Philippine automotive industry is showing no signs of slowing down as it  continues to be among the top performing sales and production markets in Southeast Asia in the first three quarters. Latest data from the ASEAN Automotive Federation showed vehicle sales and production in the Philippines posted the second fastest growth […]

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Lazada bullish on Philippines e-commerce market

ONLINE shopping platform Lazada is optimistic that the Philippines will be one of the top e-commerce countries in the world because of the huge number of Filipinos who actively use social media, a company executive said on Monday. Inanc Balci, Lazada co-founder and chief executive officer, said the local e-commerce industry has an advantage in […]

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