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Philippine growth prospects remain bright — Oxford Business

MANILA, Philippines – Prospects for the Philippines continue to remain bright given its sound economic fundamentals, but further improvement on its domestic policies would be critical to take its economy a notch higher, global research and consultancy firm Oxford Business Group (OBG) said. OBG launched yesterday its latest publication entitled “The Report: The Philippines 2017” […]

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Philippines: FDI up 17% in Q1

MANILA, Philippines – The net inflow of foreign direct investments (FDI) into the Philippines rose 17 percent to $1.56 billion in the first quarter from $1.34 billion in the same period last year as the country continues to enjoy strong macroeconomic fundamentals, according to the Bangko Sentral ng Pilipinas (BSP).  “The sustained FDI inflows reflect […]

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Philippines: FDI up 17% in Q1

MANILA, Philippines – The net inflow of foreign direct investments (FDI) into the Philippines rose 17 percent to $1.56 billion in the first quarter from $1.34 billion in the same period last year as the country continues to enjoy strong macroeconomic fundamentals, according to the Bangko Sentral ng Pilipinas (BSP).  “The sustained FDI inflows reflect […]

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Philippines: Net FDI inflow resurges in March

THE Philippines recorded a net inflow of $509 million in foreign direct investment (FDI) in March, resurging from the level in February when the net inflow hit an eight-month low, central bank data showed on Tuesday. The net inflow in March rose by 39 percent from $366 million in February and by 30.6 percent from […]

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Philippines: Factory growth seen at 6% in next 2 years

MANILA, Philippines –  Barcelona-based think tank FocusEconomics said the country’s manufacturing sector would continue to expand close to six percent over the next two years. Massimo Bassetti, economist at FocusEconomics, said manufacturing is seen rising 5.9 percent in 2017 and 2018. “The Philippines’ manufacturing industry gained momentum in May,” he said. He cited the reports […]

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Philippines: Gov’t borrowings surge to P206 B

MANILA, Philippines –  Government borrowings surged more than seven-fold in April from a year ago after the issuance of retail Treasury bonds (RTBs) during the month, data from the Bureau of the Treasury (BTr) showed.  According to Treasury data, government debt jumped by more than 630 percent to P206.47 billion from the P28.04 billion in […]

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