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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End-February 2016 GIR Level Reaches $81.3B

Manila—(PHStocks)—Bangko Sentral ng Pilipinas (BSP)—Preliminary data showed that the country’s gross international reserves (GIR) rose to $81.3 billion as of end-February 2016, according to BSP Governor Amando M. Tetangco Jr. This level was higher by $0.61 billion than the end-January 2016 GIR of $80.69 billion due mainly to revaluation adjustments on the BSP’s foreign currency-denominated […]
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February Inflation Lower at 0.9%

Manila—(PHStocks)—Bangko Sentral ng Pilipinas (BSP)—Headline inflation slowed down to 0.9% year-on-year in February from 1.3% in January, but was within the BSP’s range forecast of 0.9-1.7% for the month. The latest figure brought the year-to-date average inflation rate to 1.1%, below the Government’s inflation range target of 3.0 percent ±1.0 percentage point for 2016. Similarly, core […]
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