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Philippines: Foreign investments seen to sustain upsurge

MANILA, Philippines – Despite external economic challenges, the Philippines continues to see strong inflow of foreign direct investments (FDI), driven by the recovery in the manufacturing sector and the sustained growth in the services sector, according to the Bangko Sentral ng Pilipinas (BSP). “Manufacturing for instance is picking up again in addition to the usual […]

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Indonesia, Philippine stocks fall on profit-taking

Indonesian and Philippine shares fell on Monday as investors chose to book profit after recent gains, while Malaysia hit its highest in nearly 22 months on the back of gains in telecom stocks. The Jakarta Composite Index closed 0.1% lower following last week’s record-setting spree with consumer and energy stocks leading the decline. “I think […]

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Philippines: Jobless rate rises to 6.6% in Jan

MANILA, Philippines – The number of unemployed Filipinos swelled in January after typhoons during the tailend of 2016 caused many farm workers to lose jobs, the National Economic and Development Authority (NEDA) said yesterday. The January 2017 Labor Force Survey of the Philippine Statistics Authority (PSA) showed the nationwide unemployment rate rose to 6.6 percent […]

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Philippines: Export growth target to be revised upward

MANILA, Philippines – The government and the private sector will revisit the country’s export growth target following the strong outcome of merchandise exports in January. Department of Trade and Industry Export Marketing Bureau director Senen Perlada said the public-private Export Development Council (EDC) is likely to elevate this year’s total export growth target to as […]

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