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Remittance growth slows to 5.4% in February

Remittances from Filipinos overseas grew by a slower 5.4 percent to $2.53 billion in February from $2.39 billion in the same month last year, the Bangko Sentral ng Pilipinas reported yesterday......»»

Category: financeSource: philstar philstarApr 16th, 2018

Remittance growth slows in February

Remittance growth slows in February.....»»

Category: newsSource:  manilatimes_netRelated NewsApr 17th, 2017

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

Factory output growth slows in March

Industrial production grew 13.6% in March, the Philippine Statistics Authority (PSA) reported this morning. Preliminary results from the PSA’s Monthly Integrated Survey of Selected Industries (MISSI) showed that March factory output — as measured by the Volume of Production Index (VoPI) — was slower than the 23.7% reported in February but was faster than the […] The post Factory output growth slows in March appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 4th, 2018

M3 expands anew; bank lending slows

Money supply growth accelerated in March amid a slower expansion in bank lending, the Bangko Sentral ng Pilipinas (BSP) reported on Monday. Domestic liquidity or M3 expanded by 14.4 percent year on year to P10.918 trillion, faster than February’s 13.5 percent. Month-on-month and seasonally adjusted, M3 increased by 1.3 percent. “The overall pace of growth [...] The post M3 expands anew; bank lending slows appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsApr 30th, 2018

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:  bworldonlineRelated NewsApr 16th, 2018

Feb. in deficit but spending growth slows

THE GOVERNMENT saw its fiscal balance swing to a deficit in February that was nevertheless narrower than the year-ago gap, even as spending growth slowed, according to latest data from the Treasury bureau......»»

Category: newsSource:  bworldonlineRelated NewsApr 20th, 2017

Front Page: Feb. in deficit but spending growth slows

THE GOVERNMENT saw its fiscal balance swing to a deficit in February that was nevertheless narrower than the year-ago gap, even as spending growth slowed, according to latest data from the Treasury bureau......»»

Category: financeSource:  bworldonlineRelated NewsApr 20th, 2017

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

Factory output growth slows in July

The country’s manufacturing activity sustained its double-digit growth pace for the seventh straight month in July, but was slower compared to a year ago, the government reported this morning. Preliminary results from the Philippine Statistics Authority showed factory output, as measured by the Volume of Production Index, increasing 11.8% year on year in July, slower… link: Factory output growth slows in July.....»»

Category: newsSource:  manilainformerRelated NewsSep 5th, 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

M3 growth slows, bank lending up in July

GROWTH in the country’s money supply slowed in July despite faster expansion in bank lending, the central bank reported on Friday. Domestic liquidity or M3 expanded by 11 percent year-on-year to P11.103 trillion, slower than June’s revised 11.8 percent growth. Month-on-month and seasonally adjusted, M3 also  increased by 0.6 percent. Bank lending growth, meanwhile, accelerated to [...] The post M3 growth slows, bank lending up in July appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsAug 31st, 2018

BLOGTABLE: Biggest storylines during first month?

NBA.com blogtable What (or who) will you be watching intently during the first 4-6 weeks of the season? David Aldridge: Like many, I'll be an amateur Kawhiologist all season, looking for any clues -- all non-verbal, as we know Leonard won't be contributing his thoughts on the matter at any point -- of his future intentions. Will he develop a sudden love of poutine? Start telling reporters, "take off, eh, you hoser?" Any other lazy Canadian narratives I can think of? Seriously, the potential fit between Leonard and the Raptors could really change everything, starting with the Lakers' fever dreams of a second superstar to pair with LeBron. If Toronto convinces Leonard it's a place in which he can put down long-term stakes, the Eastern Conference changes dramatically. All of a sudden, the Boston Celtics' assumed rise to the top for the next several years would not be guaranteed. A Leonard-led Toronto franchise, with the young ballers the Raptors have in support, would be formidable. But if it becomes clear he's going to bounce, won't the Raps have to seriously think about moving him before the deadline? His first days/weeks there will be crucial. Tas Melas: Kawhi Leonard in Toronto. He was unanimously a top-five player when his playoffs ended on the foot of Zaza Pachulia in 2017. What is he now? Will he smile ALL THE TIME just to troll us? I’m very intrigued. Darkhorse: Speaking of great players, also very intrigued to see what Giannis Antetokounmpo does in coach Mike Budenholzer’s offense. Giannis needs some help and better synergy around him so he can win a playoff series already. Is a new coach, growth within, and Brook Lopez enough? Dark-Darkhorse:There seems to be something happening very quietly in Indiana. Will Victor Oladipo take it to another level? Is Myles Turner gonna follow Oladipo’s lead by both getting cut like him and producing a career season? Will Pacers fans be chanting: “Doug-ie! Doug-ie!” (McDermott). Shaun Powell: A trick question, right? Well, of course it's the Lakers, not necessarily to see if LeBron James is still great, but to see if the team's transitional path is laced with banana peels. Remember, the first few months of the Big Three in Miami was rocky, and the Oklahoma City Thunder never really meshed last season. New faces often translate into awkward moments. There's no reason to suspect the young pups and LeBron and the wacky supporting cast of Rajon Rondo and Lance Stephenson won't eventually work out the kinks, but seeing them try to do so initially -- and checking out the social media (over)reaction to that -- will be fascinating. John Schuhmann: The Lakers and Markelle Fultz. The Lakers, because of their youth and because playing with LeBron James is a big adjustment for a lot of players, should be a better team in February and March than they are in October and November. That doesn't mean that they won't be fascinating to watch, especially on offense where it's not clear how the pieces fit together, from Day 1. On an individual basis, Fultz is the player to watch early in the season. If his shot is fixed, if his confidence is restored, and if he can play alongside Ben Simmons, the Sixers will have a better bench (to go along with what was the league's best high-volume lineup last season), a more potent offense and a higher ceiling. Sekou Smith: In addition to keeping an eagle eye on the Los Angeles Lakers from the first whistle of training camp until the final buzzer in their season finale (and that includes the first 4-6 weeks of the season), I am genuinely intrigued by the Boston Celtics. We all assume they'll insert Kyrie Irving and Gordon Hayward back into the mix and elevate above the rest of the Eastern Conference now that LeBron James is with the Lakers. I know that's the way things are supposed to go. But I want to see it. I want to see if Jayson Tatum and Jaylen Brown continue to thrive with those veterans back in the mix. I want to see how coach Brad Stevens handles the minutes for Terry Rozier and Marcus Smart now that they've had a taste of the spotlight, a real taste. I need to see if their chemistry can survive the gathering storm of all that talent that's been assembled. We didn't get a chance to see it in action last season with Hayward going down five minutes into the season opener. It's a potentially fascinating group that could prove to be a true rival for the Golden State Warriors on the other side of the conference divide......»»

Category: sportsSource:  abscbnRelated NewsAug 11th, 2018

Gold puts up a fight as selloff slows near key $1,200 level

Gold is showing resistance near $1,200 an ounce, suggesting prices are for now finding a floor near a one-year low. Since last week, the metal’s declines have stalled as it gets closer to the price often touted as a key psychological level, trading no lower than $1,204.58. While a stronger dollar and U.S. economic growth […] The post Gold puts up a fight as selloff slows near key $1,200 level appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsAug 10th, 2018

Economy slows down to 6% in second quarter of 2018

As consumers grappled with rising prices, economic growth slowed down to six percent in the second quarter of the year from figures recorded in the previous quarter and in the same period last year......»»

Category: newsSource:  philstarRelated NewsAug 10th, 2018

Decline of crop output slows Q2 growth of agri sector

The country's agricultural sector reported a modest growth in the second quarter of the year at 0.07 percent, mainly due to a decline in the output of the crops sub-sector, which is the bigges.....»»

Category: newsSource:  philippinetimesRelated NewsAug 10th, 2018

Philippine economic growth slows, dragged by Boracay...

The holiday island of Boracay, which pumps roughly $1 billion into the economy, was shuttered in April for a six-month clean up on the orders of President Rodrigo Duterte Philippine economic growth.....»»

Category: newsSource:  manilanewsRelated NewsAug 10th, 2018

PH economic growth slows, dragged by Boracay shutdown

PHILIPPINE economic growth slowed sharply in the second quarter and fell well short of expectations as a result of policy decisions that included the shutdown of holiday island Boracay, officials said Thursday. The six percent expansion in April-June was the weakest in three years and ended a run of 10….....»»

Category: newsSource:  journalRelated NewsAug 9th, 2018

PH GDP growth slows down in Q2 of 2018

THE Philippines’ gross domestic product (GDP) growth slowed down to 6.0 percent in the second quarter of 2018, according to the Philippine Statistics Authority (PSA). Dr. Lisa Grace Bernales of the PSA said that the GDP had gone down compared to the 6.6 percent growth that was registered in the first quarter. She added that […].....»»

Category: newsSource:  tribuneRelated NewsAug 9th, 2018

PH manufacturing growth slows

Philippine manufacturing growth slowed markedly in July, global research firm IHS Markit said on Wednesday as it released the results of the latest Nikkei Philippines Puchasing Managers Index (PMI). The latest reading of 50.9 ­—down from 52.9 a month earlier — “was the lowest for five months and represented only a marginal improvement in the [...] The post PH manufacturing growth slows appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsAug 1st, 2018

Industry revenue growth slows in first quarter

Revenue across all industries grew 6.9% in the first quarter, data from the Philippine Statistics Authority’s (PSA) Quarterly Economic Indices report showed. This was slower than than the 8.9% recorded in the fourth quarter of 2017 and the 9.5% logged in the same period last year. Expansion was observed across all industries. Finance posted the […].....»»

Category: newsSource:  bworldonlineRelated NewsJul 19th, 2018