MAYVELIN U. CARABALLO, TMT

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The Association of Southeast Asian Nations (Asean) must rethink strategies to take full advantage of the benefits of the Fourth Industrial Revolution, seen to improve regional financial inclusion. This is what panelists said in a forum themed “Right Money + Open Markets = Prosperity for All,” during the ongoing Asean…

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Countries must continue to pursue reforms that will empower women as it is vital for them to develop their human capital, according to Myanmar State Counsellor Aung San Suu Kyi. “The empowerment of women toward economic and social development can be significant not only in my country but throughout our…

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Economic growth likely picked up a bit in the third quarter but factors such as lower government spending could have capped the expansion or even led to a slowdown. A Manila Times poll of analysts resulted in a tight forecast range of 6.3 percent to 6.6 percent for July-September gross…

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The reserve requirement ratio (RRR) for commercial banks could be cut early next year to release more liquidity into the financial system, banking giant HSBC said, amid higher T-bond and T-bill issuances, and manageable inflation. The Bangko Sentral ng Pilipinas (BSP) is expected to announce a 100 basis point cut…

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Net foreign direct investments (FDI) hit a 16-month high in August but reckoned from January these were still lower compared to last year, the Bangko Sentral ng Pilipinas (BSP) reported on Friday. At $1.20 billion, August’s net inflow was 70 percent higher year on year and was also the biggest…

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The economy can sustain 7 percent growth over the medium term on account of the government’s infrastructure program, Finance Secretary Carlos Dominguez 3rd reiterated on Friday. Investments in the P8.4-trillion “Build Build Build” program will increase to about 7 percent of gross domestic product (GDP), higher than the average in…

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Factory output — both in volume and value terms — slumped in September on the back of declines in the production of petroleum products, transport equipment and export-oriented goods, the government reported on Friday. The volume of production index (VoPI) fell by 3.7 percent while the value of production index…

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THE Philippines’ trade deficit narrowed in September as exports grew faster than imports, the Philippine Statistics Authority (PSA) reported on Friday. Exports rose by 4.3 percent year-on-year to $5.59 billion while imports grew 1.7 percent to $7.5 billion. “The country’s total balance of trade in goods … [amounted] to $1.91…

BSP monetary policy:

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Key interest rates were kept unchanged on Thursday as expected, with monetary officials noting that inflation remains manageable. Consumer price growth forecasts for this year and 2019 were retained but the outlook for next year was raised given upside risks, the Bangko Sentral ng Pilipinas (BSP) announced. The policy-making Monetary…

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Data on China’s exports to the Philippines don’t match with shipment volumes reported by importers, the Finance department said on Thursday. A “massive gap” — actual figures were not disclosed — was discovered during ongoing efforts to reform the Bureau of Customs, the department said in a statement. Customs Commissioner…

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