The Daily Manila Shimbun

 

July GIR at $76.89b, down from June’s $77.53n

August 7, 2018

Preliminary data showed that  gross international reserves (GIR) level stood at $76.89 billion as of end-July 2018, Bangko Sentral ng Pilipinas (BSP) Governor Nestor  Espenilla, Jr. announced Tuesday. This was lower than the $77.53 billion level in June 2018 due

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Central bank expects inflation to peak in third quarter

August 7, 2018

The Bangko Sentral ng Pilipinas (BSP) expects inflation to peak in the third quarter, and is expected to return to the target range of 3 percent, plus-minus 1 percentage point by 2019. In a statement on Tuesday after the Philippine

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Softbank, KDDI Log Record Net Profits in April-June

August 7, 2018

Tokyo- Major Japanese mobile phone carriers Softbank Group Corp. and KDDI Corp. logged record net profits in April-June, their earnings reports have shown. The two firms also posted record consolidated sales and operating profits for the first quarter of their

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ABS-CBN first-half income down 41%

August 7, 2018

ABS-CBN Corp. said Tuesday its net income fell by 41 percent in the first half of 2018 due to lower advertising and consumer sales. ABS-CBN said net income amounted to P741 million in the January to June period from P1.25

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Factory output grew double-digit in first half: NEDA

August 7, 2018

The Monthly Integrated Survey of Selected Industries (MISSI) of the Philippine Statistics Authority showed the Volume of Production Index (VoPI) and Value of Production Index (VaPI) rising by an average of 20.6 percent for the January-June 2018 period. “Robust domestic

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July inflation soars to 5.7%, Philippine economic team says supply constraints must be addressed

August 7, 2018

Inflation further soared to 5.7 percent in July from June’s 5.2 percent,as the Philippine government’s economic team said supply constraints push the figure to a four-year high. The Philippine Statistics Authority reported that, while the overall price level picked up,

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ICC OKs P13.5b improvements in regional projects

August 6, 2018

The NEDA Board Investment Coordination Committee – Cabinet Committee (ICC-CabCom) approved on July 27 improvements amounting to P13.5 billion for three regional projects, strengthening the government’s commitment to regional growth. Changes in scope and cost were discussed for the Davao

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BOJ Policy Tweak Followed Discussions on Side-Effects in June: Minutes

August 3, 2018

Tokyo- A number of Bank of Japan policymakers discussed the side effects of the central bank’s massive monetary easing policy at their June 14-15 meeting, according to the minutes of the meeting released on Friday. Following the June meeting, the

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