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Philippines: Meat imports up 5% in 5 months

MANILA, Philippines — The Philippines registered a 4.8 percent increase in meat imports in the first five months of the year, mainly driven by pork, data from the Bureau of Animal Industry (BAI) showed. Latest figures from the BAI showed that the country imported 460.9 million kilos of meat and meat products from January to […]

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Philippines: Property prices sustain quarterly growth in Q1

MANILA, Philippines — Property prices sustained their growth momentum for three straight quarters, rising by 5.6 percent in the first three months this year amid the further reopening of the economy from strict COVID-19 quarantine and lockdown protocols. The Bangko Sentral ng Pilipinas (BSP) said the Residential Real Estate Price Index (RREPI) increased to 139.6 […]

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Moody’s Analytics hikes Philippine GDP growth forecast

MANILA, Philippines — Moody’s Analytics hiked the gross domestic product (GDP) growth estimate for the Philippines to above seven percent from 6.1 percent for this year after a stronger-than-expected expansion in the first quarter. The research arm of the Moody’s Group said that economies in the region continue to show resilience in the face of […]

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Philippines: Peso falls anew, ends at 54.47:$1

MANILA, Philippines — The peso continued its losing streak yesterday, depreciating by another 20.5 centavos to close at its weakest level in nearly 17 years, a day before the anticipated interest rate increase by the Bangko Sentral ng Pilipinas (BSP). The peso closed at 54.470 from Tuesday’s 54.265 to $1. It opened weaker at 54.30 […]

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