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Philippines growth to further slow in 2019 — ING

MANILA, Philippines — Dutch financial giant ING Bank expects the Philippine economy to slow down further next year as inflation is expected to remain elevated while rate hikes may take its toll on growth. In a report, ING Bank Manila senior economist Nicholas Mapa said the Philippines’ gross domestic product (GDP) growth may ease to 6.1 percent in 2019 from the […]

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Philippines: DOF sees inflation easing to 6.3% in November

MANILA, Philippines — Inflation likely eased to 6.3 percent in November from a near 10-year high of 6.7 percent in October as supply of agricultural products, particularly rice, started to normalize last month, according to the Department of Finance (DOF). In an interview, Finance Undersecretary and chief economist Gil Beltran said its inflation projection is also within the inflation forecast of the Bangko […]

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Philippines: DOE mulls overhaul of outdated rules

MANILA, Philippines — The Department of Energy (DOE) is putting more teeth in reviewing and repealing outdated issuances and laws to help improve ease of doing business in the country. The agency issued a circular to review and revisit past and current issuances to identify burdensome and unnecessary law and rules. DOE has created a technical working […]

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Philippines – BSP: Inflation likely eased in November 2018

MANILA, Philippines — Inflation may ease this month from a near-decade high of 6.7 percent in October due to the sharp decline in oil prices, improving supply of rice and other commodities, and the strong rebound of the peso, according to the Bangko Sentral ng Pilipinas (BSP). The central bank’s Department of Economic Research (DER) said inflation in November may range between 5.8 […]

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Falling oil prices to ease economic pressures in Philippines

MANILA, Philippines — Falling oil prices would help ease economic pressures in the country in the coming months, starting off with inflation and the pressure on the central bank to further raise interest rates, London-based Capital Economics said in a report. The macroeconomic research firm said lower oil prices would put downward pressure on domestic energy and fuel prices, easing the […]

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