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Remittance growth slowest in 3 months

By Melissa Luz T. Lopez Senior Reporter OVERSEAS FILIPINO workers (OFWs) sent more money home in February than a year ago even as it was the smallest increase in three months, the central bank reported on Monday. Such remittances totalled $2.267 billion for the month, up 4.5% from the $2.169-billion inflows tallied in February 2017, […] The post Remittance growth slowest in 3 months appeared first on BusinessWorld......»»

Category: financeSource: bworldonline bworldonlineApr 16th, 2018

Pace of dollar remittance growth continues to ease; up 2.4% in Jan-Aug 2018

The amount of dollars sent home by expatriate Filipinos rose further in the first eight months of the year, but data from the Bangko Sentral ng Pilipinas (BSP) also showed a worrisome trend of tapering growth in recent months for remittances, a key leg of the country's economy. In a statement, BSP Deputy Govenor Cyd Tuao-Amador said personal remittances from overseas Filipinos increased by 2.4 percent year-on-year to reach $21.2 billion in the first eight months of 2018. The central bank's data revealed that the monthly rise in the cumulative amounts of remittances this year have been moderating, compared to monthly data for the same periods last year --- a phenomenon which the cen...Keep on reading: Pace of dollar remittance growth continues to ease; up 2.4% in Jan-Aug 2018.....»»

Category: newsSource:  inquirerRelated NewsOct 15th, 2018

Philippines’ July manufacturing growth slowest in five months

Manufacturing activity in the Philippines decelerated further in July, reaching the lowest reading in five months, as demand softens, according to an IHS Markit survey conducted for Nikkei. The seasonally adjusted Nikkei Philippines Manufacturing Purchasing Managers’ Index (PMI) slid for the second consecutive month to 50.9 in July, from 52.9 logged in June, which indicated […].....»»

Category: financeSource:  bworldonlineRelated NewsAug 1st, 2018

HSBC: Remittance growth likely steady at 4.5% in March

Money sent home via banks by migrant Filipinos likely posted steady growth in March, banking giant HSBC said. “We expect March remittances to rise 20.5 percent month-on-month, after two straight months of sequential contraction. This would lead to a rise of 4.5 percent year-on-year . . . ,” HSBC said. February also saw a 4.5-percent [...] The post HSBC: Remittance growth likely steady at 4.5% in March appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsMay 14th, 2018

Feb. growth of PHL factory activity slowest in 5 months

BUSINESS for factories in the Philippines bared “marginal” improvement in February, according to the latest monthly monitoring by IHS Markit for Nikkei, Inc. that showed manufacturing growth easing for the third straight month by the second-slowest pace since the country survey began in January 2016. The seasonally adjusted Nikkei Philippines Manufacturing Purchasing Managers’ Index (PMI) […] The post Feb. growth of PHL factory activity slowest in 5 months appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 1st, 2018

Infra spending growth slowest in 16 months in July

Infra spending growth slowest in 16 months in July.....»»

Category: financeSource:  philstarRelated NewsSep 21st, 2016

Chinese Q3 growth hits 9-year low as debt, trade row drag

BEIJING, China (UPDATED) – China's economy grew  at its slowest pace for 9 years in the 3rd quarter, as a campaign to tackle mounting debt, and trade frictions with the US take their toll. The reading will likely put pressure on the leadership to provide fresh support as investors grow increasingly concerned about a flood of ........»»

Category: newsSource:  rapplerRelated News2 hr. 8 min. ago

Philippines cuts 2018 GDP growth goal, raises inflation targets

MANILA — The Philippine government has shaved its economic growth target for this year and raised inflation forecasts for 2018 and 2019, reflecting caution as soaring consumer prices curb expansion in one of Asia’s fastest growing economies. The economy grew 6.0 percent in the second quarter, the slowest in almost three years, raising the challenge […] The post Philippines cuts 2018 GDP growth goal, raises inflation targets appeared first on Interaksyon......»»

Category: newsSource:  interaksyonRelated NewsOct 16th, 2018

China’s software sector sees faster growth

BEIJING — China’s software and IT sector reported faster growth in both revenue and profit in the first eight months of the year, according to official data. The sector’s total revenue amounted to 3.95 trillion yuan ($574.19 billion) in January-August, up 14.8 percent from a year earlier, quickening from 13.8 percent in the same period […].....»»

Category: newsSource:  tribuneRelated NewsOct 4th, 2018

Fed chief: Global growth less positive

WASHINGTON, D.C.: The global economic outlook remains positive, with just a few emerging markets seeing instability, but is slightly less positive than a few months ago, US Federal Reserve Chairman Jerome Powell said on Tuesday. “I think growth still healthy but maybe under a little bit of pressure,” Powell told the National Association for Business Economics. While the outlook for [...] The post Fed chief: Global growth less positive appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsOct 3rd, 2018

BSP: Big bank loans grow at slowest pace in 5 months

Big banks have started to feel the pinch from higher interest rates, with consumers availment of loans in August slowing down to their weakest pace in five months......»»

Category: newsSource:  philstarRelated NewsSep 28th, 2018

Bond yields rising on inflation jitters

Investor concerns over high inflation and slower economic growth have jacked up yields on peso-denominated securities in recent months, the Asian Development Bank said Friday. In its Asia Bond Moni.....»»

Category: newsSource:  philippinetimesRelated NewsSep 23rd, 2018

Peso weakens versus dollar

THE PESO weakened against the dollar on Monday as it slipped back to the P54 level due to the continued trade spat between the United States and China and amid stronger-than-expected remittance growth. The post Peso weakens versus dollar appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsSep 17th, 2018

Asia Inc. Q2 profits grow at slowest pace in nearly 2 years

ASIAN companies posted their lowest profit growth in nearly two years in the June quarter and earnings are likely to come under further pressure, weighed down by the escalating US-China trade war and high currency volatility, Reuters analyses showed. The post Asia Inc. Q2 profits grow at slowest pace in nearly 2 years appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsSep 13th, 2018

Money supply growth slows in July

GROWTH of money supply eased to its slowest pace in nearly three years in July amid smaller reserves held by the Bangko Sentral ng Pilipinas (BSP), even as bank lending accelerated in the same month. The post Money supply growth slows in July appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsAug 31st, 2018

Economy likely to pick up but Q3 ‘may remain tepid’

FMIC, UA&P see July-Sept growth of ‘6.5% or less’; another 25-bps hike Economic growth will accelerate in the last six months of the year following a second quarter slowdown, an investment bank and an academic institution said, with support coming from government spending and increased dollar remittances due to a weaker peso. In the August [...] The post Economy likely to pick up but Q3 ‘may remain tepid’ appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsAug 30th, 2018

French business leaders want more from ex-banker Macron

When he won the presidency 15 months ago, Emmanuel Macron charmed company chiefs with a promise to make it easier to do business in France. But the economy remains sluggish, and bosses' patience is waning. A former investment banker, Macron had pledged to run France more like a start-up, moving swiftly to shake-up the country's famously complex labor laws to make it easier to hire and fire people. He vowed to attract foreign investment, kickstart slow growth and slash unemployment which had been stuck at around 10 percent under his Socialist predecessor Francois Hollande. But tax cuts intended to spur spending and investment have yet to bear much fruit: his government has be...Keep on reading: French business leaders want more from ex-banker Macron.....»»

Category: newsSource:  inquirerRelated NewsAug 29th, 2018

Online hiring up in second quarter — report

Online hiring in the Philippines still posted growth in the second quarter amid the lingering concerns on the new Tax Reform for Acceleration and Inclusion law, research firm Monster.com said. In its second quarter Monster Employment Index (MEI), Monster noted in a year on year comparison, the months of April, May and June post an […] The post Online hiring up in second quarter — report appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsAug 28th, 2018

S& P: Train impact easing but inflation to remain high

The inflationary impact of recent tax reforms is starting to ease but global oil prices and recent weather disturbances will keep Philippine consumer price growth elevated in the next few months, S&P Global Ratings said. “Regarding inflation, the one-off effects of the tax reform are probably starting to dissipate,” the credit ratings agency said in [...] The post S&P: Train impact easing but inflation to remain high appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsAug 28th, 2018

Jan-July ’18 Tourist Arrivals Grow by 9.74%

Tourist arrivals in the first seven months of the year increased by 9.74 percent to 4.3 million visitors compared to 3.92 million in the same period last year, the Department of Tourism (DOT) reported Thursday. In July alone, visitors tallied 601,322, posting a growth rate of 5.86 percent from the 568,035 recorded in July 2017. […].....»»

Category: newsSource:  metrocebuRelated NewsAug 24th, 2018

COL profit soared by 50% in H1

The country's leading online stock brokerage, COL Financial Group, Inc., grew its net profit in the first six months by 50.1 percent year-on-year to P322.2 million, driven by growth across var.....»»

Category: newsSource:  philippinetimesRelated NewsAug 23rd, 2018