The first was a positive report on the Philippine imports performance for the month of October, which showed a year-on-year gain of 16.8 percent, more than double September’s 8.2-percent increase. The second was the release of domestic liquidity figures for November, which showed an increase in M3 of 9.2 percent year-on-year to an estimated P8 trillion, modestly higher than the P7.887 trillion recorded in October.
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