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Philippines: World Bank sees steady 6.9% Phl GDP growth

MANILA, Philippines – The World Bank expects a steady economic growth for the Philippines until next year, driven by public and private investment.  Based on the World Bank’s June 2017 Global Economic Prospects report, the Philippines is expected to post a steady 6.9 percent growth this year and the next, led by a pickup in […]

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Philippines leads in internet speed increase

MANILA, Philippines –  Akamai, a leading content delivery network services provider for media and software delivery, and cloud security solution, recently came out with its State of the Internet Q1 2017 Report. According to Akamai, the Philippines, together with Thailand and China, led the Asia Pacific cluster in gains with each country enjoying a 20 […]

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Philippines: Phl manufacturing outperforms in Asean

MANILA, Philippines –  The Philippine manufacturing sector outperformed those of other Southeast Asian countries in May as it remains firmly in expansion territory during the month, according to the latest reading of the Nikkei ASEAN Manufacturing Purchasing Managers’ Index (PMI). Domestic manufacturing registered a higher PMI reading of 54.3 in May, up from 53.3 in […]

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Philippines, Indonesia agree to open up banking

MANILA, Philippines – The Philippines and Indonesia are set to ink an agreement this weekend to open up the banking industry aimed at greater financial integration and economic development among members of the Association of Southeast Asian Nations (ASEAN). Bangko Sentral ng Pilipinas Governor Amando Tetangco Jr. said a letter of intent (LOI) on the […]

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Philippines: Fewer companies to expand, hire in Q3

MANILA, Philippines –  Fewer companies are set to expand and hire additional workers amid the expected slowdown in economic activity in the third quarter, results of a survey conducted by the Bangko Sentral ng Pilipinas (BSP) showed.  Rosabel Guerrero, director of the BSP’s Department of Economic Statistics, said results of the latest Business Expectations Survey […]

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