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Philippines: M3 growth slows as bank lending falls

Growth of the country’s money supply slowed down in April as the pandemic continues to affect banks’ lending, the Bangko Sentral ng Pilipinas (BSP) said. In a statement on Monday, the central bank said domestic liquidity (M3) rose by 5.1 percent year-on-year to P14.2 trillion in April, slower than the 8.3-percent increase in March. Month-on-month […]

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Philippines: FDI inflows to recover this year – S&P

MANILA, Philippines — S&P Global Ratings expects the inflow of foreign direct investments (FDI) into the Philippines to recover this year after declining for three straight years. In a report, the debt watcher said FDI inflow may pick up this year amid the continued rollout of COVID-19 vaccines. “We expect FDI in the Philippines to […]

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Philippines: Less buoyant recovery seen

MANILA, Philippines — The country’s road to economic recovery continues to dim as COVID-19 cases remain on the rise and vaccine rollout is being hampered by lack of supply. In its latest report, market intelligence firm IHS Markit said economic recovery in the near-term is still constrained, especially after the reimposition of strict quarantine measures […]

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Philippines: Domestic trade weakens in Q1

MANILA, Philippines — Trading of commodities in the country remained weak in the first quarter as the effects of the pandemic lingered on frail demand and movement restrictions. Based on the preliminary data from the Philippine Statistics Authority (PSA), the volume and value of goods traded inside the country both declined from January to March. […]

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