Latest News for: myka 9

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Central bank mops up P1.7T in excess liquidity in January

The Manila Times 03 Apr 2025
THE Bangko Sentral ng Pilipinas (BSP) siphoned off P1.72 trillion in excess liquidity during the first month of this year through monetary operations ... 28 ... ....
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'Opportunities' seen in Trump tariffs

The Manila Times 03 Apr 2025
PHILIPPINE government officials were guardedly optimistic on Thursday after the country, which sells more goods than it buys from the United States, was included in a list of markets to be levied reciprocal tariffs by US President Donald Trump ... ....
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2024 growth revised upwards to 5.7%

The Manila Times 03 Apr 2025
The slightly higher gross domestic product (GDP) growth outcome, however, still fell below the government's 6.0 to 6.5-percent target for the year. "The PSA revises the GDP estimates based on an approved revision policy (PSA Board Resolution No ... ....
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World Bank OKs $800M for PH energy transition

The Manila Times 02 Apr 2025
THE World Bank has approved an $800-million policy loan for the Philippines to accelerate its energy transition, enhance climate resilience, and improve water resource management ... ....
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Factory activity shrinks as demand, output drop

The Manila Times 02 Apr 2025
DOMESTIC manufacturing conditions deteriorated in March with the Philippines purchasing managers' index (PMI) contracting for the first time in 19 months, S&P Global reported on Wednesday ... Production cut as orders drop ... Producer prices up in Feb ... ....
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Govt budget balance swings P171.4-B deficit

The Manila Times 02 Apr 2025
THE government's budget balance returned to a deficit in February as spending outpaced revenues, the Bureau of the Treasury reported on Wednesday ... The tax take from other offices rose to P2.9 billion from P2.8 billion a year earlier ... ....
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NG debt hits fresh record high of P16.63T in February

The Manila Times 01 Apr 2025
THE national government's (NG) outstanding debt climbed to a new record high of P16.63 trillion in February following fresh domestic and external borrowings, the Bureau of the Treasury reported on Tuesday ... ....
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FCDU loans marginally up 0.5% in Q4 '24

The Manila Times 31 Mar 2025
LOANS granted by the Foreign Currency Deposit Units (FCDU) of banks grew slightly in the fourth quarter (Q4) of 2024, the Bangko Sentral ng Pilipinas (BSP) reported on Monday ... ....
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Inflation could have hit 1.7-2.5% in March – BSP

The Manila Times 31 Mar 2025
INFLATION could have fallen to a near five-year low in March, the Bangko Sentral ng Pilipinas (BSP) said on Monday, following lower prices of key food items, particularly rice, as well as a stronger peso ... BSP Governor Eli Remolona Jr ... ....
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Inflation likely to fall in March – economists

The Manila Times 30 Mar 2025
LOWER prices of key food items, particularly rice, could lead to March inflation falling to a five-month low, economists said. The median forecast in a Manila Times poll was 2.0 percent, slightly lower than February's 2.1-percent result ... said ... ....
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NG debt payments fall to P106.5B in January

The Manila Times 30 Mar 2025
DEBT payments by the national government (NG) dropped in January from a year earlier due to lower amortization, data from the Bureau of the Treasury showed ... ....
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Risks to PH financial system need watching

The Manila Times 27 Mar 2025
THE Philippine financial system remains stable and resilient amid moderate risks that nonetheless need to be closely watched, an interagency council said ... "Concerns include how an economic slowdown could squeeze borrowers," he added ... ....
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Stable peso-dollar rate seen prompting rate cut

The Manila Times 27 Mar 2025
A RELATIVELY stable peso could provide the Bangko Sentral ng Pilipinas (BSP) with the flexibility to implement its first rate cut of the year next month, a Moody's Analytics economist said ... It strengthened by 32 centavos to P57.37 on Thursday ....
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'Remittance plot to hurt OFW kin'

The Manila Times 26 Mar 2025
In a Facebook post, IBON Foundation Executive Director Sonny Africa said Duterte supporters who withhold remittances for a week are only hurting their own families. Africa pointed out that remittances in the first week of March reached $618 million.
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Too low rates a risk to economy – analyst

The Manila Times 26 Mar 2025
TOO much policy rate easing could put pressure on the country's economy and worsen inequality, an analyst warned on Wednesday ... It paused from further easing in February, but is widely expected to order another 25-bp cut on April 10 ... ....
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