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Philippines: Top bank execs forecast robust earnings growth

MANILA, Philippines — Top bank executives are maintaining a double-digit growth in the industry’s profits, assets, deposits and loans this year, results of the Banking Sector Outlook Survey (BSOS) of the Bangko Sentral ng Pilipinas (BSP) showed. About 70.2 percent of the respondents, which include presidents and CEOs, expect the Philippine banking system to remain […]

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Philippines: Sugar prices remain stable

MANILA, Philippines — The local sugar industry reiterated its opposition to a proposal calling for the  liberalization of  sugar imports, saying prices remained stable. The Confederation of Sugar Producers said mill gate sugar prices have not increased drastically in the past months. Food processors and manufacturers are reviving calls to relax sugar imports. The Philippine […]

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Philippines: Debt payments rise 11% in Q1

MANILA, Philippines — The national government spent more on debt payments in the first quarter of the year as both interest and principal payments increased, the Bureau of the Treasury (BTr) reported. Data from the BTr showed the national government’s debt payments reached P220.18 billion in the first three months of the year, 11.09 percent […]

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Philippines: Tourist arrivals rise 8.5% in 4 months

MANILA, Philippines — Stronger marketing initiatives and improved connectivity spurred an increase in foreign arrivals in the first four months of the year, the Department of Tourism (DOT) said. Based on data from the DOT, international tourist arrivals grew 8.5 percent to 2.87 million in January to April this year from 2.6 million in the […]

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Philippines among slowest in mobile internet speed worldwide

MANILA, Philippines — Mobile internet speeds in the Philippines continue to lag behind most countries in the world, ranking 11th slowest in upload speed and 16th slowest in download speed among 87 countries, according to the latest report of mobile analytics company OpenSignal. OpenSignal’s “The State of Mobile Network Experience” report showed that the Philippines […]

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Philippines: Factory gate prices rise slower in April

MANILA, Philippines — Factory gate prices grew slower in April after accelerating in March, the Philippine Statistics Authority (PSA) reported yesterday. Based on PPA data, the Producer Price Index (PPI) for manufacturing rose at a slower pace of 3.8 percent in April from 4.5 percent in March. PSA attributed this to contractions in eight industry […]

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