MANILA (Reuters) – The Philippine central bank said on Friday it expects a current account deficit of $17.1 billion for 2023, equivalent to 4% of gross domestic product, taking into …
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MANILA (Reuters) – The Philippine central bank said on Friday that the local banking system remains safe and sound, amid concerns over the potential for contagion stemming from banking turmoil …
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MANILA (Reuters) – The Philippine stock market’s opening was delayed by half an hour on Wednesday because of a technical issue, the bourse operator said. Trading on the exchange was …
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MANILA (Reuters) – Philippine inflation was likely within the 7.8% to 8.6% range in December because of upward pressures from higher electricity rates and agricultural commodities prices, the central bank …
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MANILA (Reuters) – The Philippine central bank on Thursday said it was backing the creation of a sovereign wealth fund being pushed by President Ferdinand Marcos Jr, after having earlier …
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MANILA (Reuters) – The Philippine central bank may pause its interest rate hikes in the first quarter of next year if there are “no major shocks”, its governor said on …
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By Shaloo Shrivastava BENGALURU (Reuters) – The Philippine central bank will opt for a jumbo 75 basis point interest rate hike on Thursday to combat soaring inflation and limit weakening …
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MANILA (Reuters) – Philippines central bank governor Felipe Medalla repeated on Friday he will vote to raise interest rates by 75 points at the monetary authority’s Nov. 17 meeting. Medalla, …
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MANILA (Reuters) – The Philippine government will help ensure inflation will be on target-consistent path over the medium term by addressing supply shocks and bottlenecks, Finance Secretary Benjamin Diokno said …
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MANILA (Reuters) – Billionaire Elon Musk’s Space Exploration Technologies Corp (SpaceX) is expanding into the Philippines by offering satellite broadband service to businesses and the government, his local partner said …
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MANILA (Reuters) – The Philippine central bank said on Tuesday it was taking steps to manage any disruption in the financial market, and urged participants not to take advantage of …
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MANILA (Reuters) – The Philippine central bank on Friday said it expects the annual inflation rate for September to stay within the 6.6% to 7.4% range. Inflation for the month …
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By Neil Jerome Morales and Enrico Dela Cruz MANILA (Reuters) – The Philippine central bank hiked its benchmark interest rates by half a percentage point on Thursday, and said it …
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MANILA – The Philippine central bank will continue supporting the economy’s recovery despite a planned 25 or 50 basis point rate hike this month, its governor said on Tuesday. Current …
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MANILA – The Philippine central bank expects inflation to ease back to within its 2%-4% target band next year, from a projected average of 5% this year, its governor said …
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By Neil Jerome Morales and ADRIAN PORTUGAL BANGUED, Philippines -Philippines President Ferdinand Marcos promised on Thursday to help rebuild homes damaged by a powerful earthquake on the island of Luzon, …
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MANILA – Philippine’s central bank is ready use the “full force of available measures” and take all necessary monetary policy actions to combat inflation, its governor said on Thursday, after …
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MANILA – The Philippine central bank is ready to use available tools to bring inflation back within the official 2%-4% target range, its governor said on Monday, after last week’s …
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By Enrico Dela Cruz and Karen Lema MANILA – Philippine inflation surged to the highest level in nearly four years in June, cementing expectations for more interest rate hikes and …
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By Savyata Mishra (Reuters) – Bearish bets on the Philippine peso grew as the central bank adopted a more modest approach than its peers to tamp down inflation, while short …
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MANILA – Incoming Philippine central bank governor Felipe Medalla said on Wednesday he was not ruling out further interest rate hikes to combat above-target inflation even as he stressed that …
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TOKYO – The Philippines on Wednesday appealed directly to consumers in its top export market Japan to pay higher prices for imported bananas to help shoulder a surge in production …
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MANILA – Philippine central bank governor Benjamin Diokno, who takes on a new role as finance secretary next month, said on Friday he does not favour raising taxes even as …
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BROWNSVILLE, Texas – A 47-year-old Harlingen man has been ordered to federal prison following his conviction of receiving child pornography, announced U.S. Attorney Jennifer B. Lowery. Rico Giovanni Machietto pleaded …
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By Md Manzer Hussain BENGALURU – The Philippine central bank will kick off its tightening cycle on Thursday, much earlier than previously thought, joining peers around the world in a …