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Philippines: Inflation likely quickened in September

MANILA, Philippines — Inflation likely accelerated in September as the peso slumped to record low levels, coupled with higher food prices and more expensive electricity, according to economists. Bank of the Philippine Islands chief economist Jun Neri said inflation may have quickened to seven percent last month after easing to 6.3 percent in August from […]

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More hot money flees Philippines in August

MANILA, Philippines — More speculative funds flowed out of the Philippines than what came in for the fourth straight month in August, with foreign portfolio investments yielding a net outflow, according to the Bangko Sentral ng Pilipinas (BSP). Data released by the central bank showed that total foreign investments registered through authorized agent banks registered […]

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Philippines: Meat importers seek extension of tariff cuts

MANILA, Philippines — Meat importers and traders have urged President Marcos to issue an executive order (EO) to further lower tariffs on pork imports for another five years to help address rising inflation and food security concerns. In a letter to the President through Agriculture undersecretary Domingo Panganiban, the Meat Importers and Traders Association (MITA) […]

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