PH Economy Posts 7.1% GDP Growth in 3Q 2016

Manila—(PHStocks)—The Philippines’ gross domestic product (GDP) grew year-on-year by 7.1 percent in the third quarter of 2016. This growth is driven by Manufacturing, Trade, and Real Estate, Renting and Other Business Activities.  This is higher than the growth rates of 7.0 percent in the second quarter of 2016 and 6.2 percent in the third quarter […]
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East Asia Pacific Central Banks Reinvest Asian Bond Funds

Manila—(PHStocks)—Bangko Sentral ng Pilipinas (BSP)—A group of East Asia Pacific central banks is closing its US-dollar denominated bond fund and transferring the investment to a local-currency bond fund in order to enhance local-currency bond market development in the region. The Executives’ Meeting of East Asia Pacific (EMEAP) central banks, a group of 11 central bank […]
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Domestic Trade Fell in 3Q 2015

Manila—(PHStocks)—Philippine Statistics Authority (PSA)—The total quantity of domestic trade transactions via water and air decreased by 18.2 percent, from 4.12 million tons to 3.37 million tons during the third quarter of 2015.  About 99.7 percent were traded through water. The total value of commodities that flowed within the country decreased by 37.4 percent from PhP144.397 […]
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Imports Growth in April 2016 Shows Strong Business, Consumer Confidence

Manila—(PHStocks)—Philippine imports grew by 29.2 percent from a year ago in April 2016, due to double-digit growth in purchases of capital goods, raw materials and intermediate goods, and consumer goods, according to the National Economic and Development Authority (NEDA). The Philippine Statistics Authority reported today that Philippine imports grew to US$6.5 billion in April 2016 […]
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Brexit Effect Minimal for PH Economy

Manila—(PHStocks)—The exit of the United Kingdom (UK) from the European Union (EU), also known as Brexit, has minimal direct effect on the Philippine economy due to strong macroeconomic fundamentals, according to the National Economic and Development Authority (NEDA). “The direct effect of Brexit does not seem substantial, even as we expect that domestic financial markets […]
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IDC: Philippines Now the Fastest Growing Smartphone Market in ASEAN

Manila—(PHStocks)—According to International Data Corp.’s (IDC) Asia/Pacific Quarterly Mobile Phone Tracker, a total of 3.5 million smartphones were shipped to the Philippines in 1Q 2016. The growing smartphone adoption among Filipinos and stronger support from telco operators drive the Philippines smartphone market to a high 20% year-over-year (YoY) growth. This puts the Philippines as the […]
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FDI Up 59% in March 2016, 1Q2016 Level Reaches $1.3B

Manila—(PHStocks)—Bangko Sentral ng Pilipinas (BSP)—Foreign direct investments (FDI) rose by 59.1 percent to post $364 million (PSE: BPI) net inflows in March 2016 from $229 million in the comparable period in the previous year. The country’s sustained favorable economic performance as evidenced by 69 consecutive quarters of positive growth, and growth prospects for the year ahead, […]
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Philippines at Over 3-month High on Inflows

Source: Reuters Southeast Asian stock markets were mixed on Thursday, with Philippine shares hitting their highest in more than three months while a rally in crude oil prices and hopes the European Central Bank would ease policy lifted sentiment in Asia. The European Central Bank is set to unveil its second stimulus cocktail in three […]
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