MAYVELIN U. CARABALLO, TMT

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Robust loan growth will continue to put pressure on Philippine banks’ capitalization despite being the main driver of profits last year, a debt watcher said. In a new report, Moody’s Investor Service highlighted that banks’ internal capital generation was insufficient to support the current pace of loan growth. “Most banks…

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INFLATION could have topped 4 percent last month with “sin” products driving the increase, the Finance department said on Wednesday. “Using the new base, inflation rate in March may have reached 4.1%, up from the prior month’s 3.9 percent,” the department said in an economic bulletin issued ahead of today’s release of…

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The government should take climate change into account in implementing social protection programs, the Philippine Institute for Development Studies (PIDS) said. In its “Toward An Adaptive Social Protection in the Philippines” study, the state think tank said the country’s social protection, climate change adaptation, and disaster risk reduction efforts need…

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Poverty reduction efforts are at risk from rising inflation and the government must implement immediate reforms to ensure that gains over the last few years are protected, the National Economic and Development Authority (NEDA) said on Tuesday In its newly launched Socioeconomic Report 2017, the NEDA said that poverty as…

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The recommended six-month closure of Boracay Island will have no significant impact on the overall economy, soecioeconomic planning officials said on Tuesday. “Basically, the overall picture we see is even if say the ban extends to up to six months, at the macro level its not going to be significant,”…

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Eight other projects also move forward for presentation to Duterte Nine projects worth a total of about P900 billion, including San Miguel Corporation’s proposal to build an airport in Bulacan, will soon be presented to President Rodrigo Duterte for final approval, the National Economic and Development Authority (NEDA) announced on Tuesday.…

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The Bangko Sentral ng Pilipinas (BSP) saw double-digit growth in 2017 net income, on Tuesday reporting an unaudited result of P22.84 billion, 28 percent higher compared to the P17. 81 billion recorded the previous year. “Net income was composed primarily of higher income on international reserves, recording of demonetization income and…

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Rising inflation and continued growth do not necessarily mean that the Philippine economy is in immediate danger of overheating, a debt watcher said. “We believe that overheating risks in the Philippines are not yet material,” Moody’s Investor Service said in a report assessing consumer price growth, capacity constraints, credit growth…

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Factory output likely gained some pace in March but the expansion was still slower compared to a year ago, an IHS Markit/Nikkei survey found. Results released on Monday showed a seasonally adjusted Purchasing Managers’ Index (PMI) of 51.5 for the month, a marginal improvement from February’s 50.8 and much slower than the…

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Economic growth likely exceeded 7 percent in the first quarter, First Metro Investment Corp. and University of Asia and the Pacific (UA&P) said in their latest Market Call report, reflecting an expansion in manufacturing and increased imports of capital goods. “Significant upticks in the manufacturing sector and capital goods imports…

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