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Philippines: Inflation seen higher in March

MANILA, Philippines — Inflation likely accelerated further in March after quickening to a fresh two-year high of 4.7 percent in February, top bank economists said. Union Bank chief economist Ruben Carlo Asuncion said inflation likely hit five percent in March and may peak in May before declining for the rest of the year. He said […]

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Fitch: Philippines banks remain at risk

Exposure to weak property market could diminish banks’ buffers Debt watcher Fitch Ratings has warned the Philippine banking sector of heightened impairment risks from the property sector. “Protracted economic weakness could expose the banks to lumpy impairments and diminish their loss-absorption buffers – given their high large-borrower concentration and the strong correlation of the property […]

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