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Philippines: Trade deficit widens in Feb

MANILA, Philippines – The country’s trade deficit widened 56.5 percent to $1.728 billion in February from $1.104 billion a year ago  as manufacturing and consumption-related imports outpaced exports during the month, the Philippine Statistics Authority (PSA) said. Imports  grew 20.3 percent to $6.511 billion in February on increased inbound shipments of the following goods: mineral […]

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World Bank retains 6.9% growth forecast for Philippines

MANILA, Philippines – The World Bank retained yesterday its 2017 growth projection of 6.9 percent for the Philippines but slightly revised downward its outlook for 2018. The multilateral development bank said the domestic economy is likely to sustain a 6.9 percent growth in 2018 – down from its December projection of seven percent – and […]

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Philippines: FDI inflows up 13.2% in Jan

MANILA, Philippines – Foreign direct investment (FDI) inflows recorded a double-digit growth of 13.2 percent in January as investors remained optimistic on the growth potential of the Philippines, the Bangko Sentral ng Pilipinas (BSP) reported yesterday. Net FDI inflows reached $685 million in January, $80 million higher than the $605 million booked in the same […]

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