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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

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

Exporters confident of recovery in second quarter

The Philippine Exporters Confederation Inc. (Philexport) brushed off concerns over export prospects after merchandise shipments in February declined, halting 15 consecutive months of growth......»»

Category: financeSource:  philstarRelated News38 min. ago

Duterte seen to place Boracay under state of calamity this week

    BORACAY ISLAND, AKLAN - President Rodrigo Duterte is expected this week to place Boracay Island under a state of calamity and issue an executive order shutting down the island to tourists starting April 26, according to Interior Assistant Secretary Epimaco Densing III.   Last February, Duterte said Boracay's water has turned into a "cesspool" with human waste being discharged into the sea.   More than 2 million tourists visited Boracay last year to enjoy its powdery beaches, spectacular sunsets and festive nightlife, generating about P56 billion in revenue. But the influx of tourists, neglected infrastructure and growth of resort establishmen...Keep on reading: Duterte seen to place Boracay under state of calamity this week.....»»

Category: newsSource:  inquirerRelated NewsApr 17th, 2018

Remittance result ‘below expectations’

Money sent home by overseas Filipino workers (OFWs) hit to two-month low in February despite expanding from a year earlier, the Bangko Sentral ng Pilipinas (BSP) reported on Monday. Personal remittances, which sum up the net compensation of OFWs, personal transfers whether in cash or in kind and also capital transfers between households, totaled $2.528 [...] The post Remittance result ‘below expectations’ appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsApr 16th, 2018

Trade gap grows as exports drop

MERCHANDISE EXPORTS in February fell for the first time in 15 months while imports continued to grow by double digits leading to a wider trade deficit, the Philippine Statistics Authority (PSA) reported yesterday. Preliminary data from the PSA showed merchandise export sales dropped 1.8% to $4.659 billion, compared to the revised 3.5% growth in January […] The post Trade gap grows as exports drop appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 11th, 2018

China March factory, inflation point to ebbing economic growth

BEIJING — China’s producer price inflation continued cool in March, slowing to a 17-month low and backing expectations of a broader slackening in economic growth this year. Consumer inflation also eased in the previous month as the effects of booming demand spurred by the Lunar New Year holiday in February receded, official data showed on […] The post China March factory, inflation point to ebbing economic growth appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsApr 11th, 2018

Trade deficit continues to widen in February

The Philippines’ trade deficit once again expanded in February as imports grew by double-digits while exports contracted during the month, the Philippine Statistics Authority reported this morning. Exports declined 1.8% to $4.66 billion in February, a turnaround from the previous month’s revised 3.5% growth and the 8.7% growth in the same month last year. This […] The post Trade deficit continues to widen in February appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 11th, 2018

Trade Deficit Continues to Widen in February

THE Philippines’ trade deficit once again expanded in February as imports grew by double-digits while exports contracted during the month, the Philippine Statistics Authority reported this morning. Exports declined 1.8% to $4.66 billion in February, a turnaround from the previous month’s revised 3.5% growth and the 8.7% growth in the same month last year. This […] The post Trade Deficit Continues to Widen in February appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsApr 11th, 2018

Feb. factory output growth fastest in nearly 8 years

By Christine J. S. Castañeda Senior Researcher FACTORY PRODUCTION grew by its fastest pace in almost eight years in February, the Philippine Statistics Authority (PSA) reported on Thursday. Preliminary results of PSA’s Monthly Integrated Survey of Selected Industries showed that factory output — as measured by the volume of production index — grew 24.8% annually […] The post Feb. factory output growth fastest in nearly 8 years appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 5th, 2018

Bank lending fuels continued growth in money supply — Bangko Sentral ng Pilipinas

MANILA, Philippines — Money supply continued to expand in February on the back of the sustained growth in bank lending, the Bangko Sentral ng Pilipinas (BSP).....»»

Category: financeSource:  philstarRelated NewsMar 29th, 2018

Liquidity, bank lending growth picks up in Feb

Money supply and bank lending both grew faster in February, the Bangko Sentral ng Pilipinas (BSP) reported on Wednesday. Domestic liquidity or M3 expanded by 13.5 percent year on year to P10.724 trillion, up from January’s 12.8 percent. Month-on-month and seasonally adjusted, M3 increased by 1.5 percent. “The growth in M3 remains consistent with the BSP’s [...] The post Liquidity, bank lending growth picks up in Feb appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMar 29th, 2018

Money supply growth picks up in February

GROWTH of money supply picked up in February as bank lending grew by nearly a fifth, the Bangko Sentral ng Pilipinas (BSP) reported on Wednesday. More money circulated in the Philippine economy as liquidity grew by 13.5% last month, faster than the 12.8% clocked in January. Domestic liquidity, or M3, is the broadest measure of […] The post Money supply growth picks up in February appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 29th, 2018

Growth in money supply quickens in February

Growth in money supply picked up in February as bank lending grew by nearly a fifth, the Bangko Sentral ng Pilipinas (BSP) reported on Wednesday, March 28. More money circulated in the Philippine economy as liquidity grew by 13.5% last month, faster than the 12.8% pace seen in January. . — Melissa Luz T. Lopez The post Growth in money supply quickens in February appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 28th, 2018

Slower remittance growth seen for Jan

Full-year result still expected to be an improvement from 2017 – HSBC Money sent home via banks by migrant Filipinos likely posted slower growth at the start of the year, banking giant HSBC said, but the full-year result is expected to be an improvement from 2017. “We expect [cash]remittances to expand 5.1 percent y-o-y (year-on-year) [...] The post Slower remittance growth seen for Jan appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMar 15th, 2018

Remittance growth to pick up as OFWs benefit from weaker peso — HSBC

CASH REMITTANCES are expected to grow faster this year as overseas Filipino workers (OFWs) will likely take advantage of a weaker peso to send more funds to their families back home, analysts at a global bank said, even as they flagged risks from a deployment ban to Kuwait. HSBC Global Research said remittances likely grew […] The post Remittance growth to pick up as OFWs benefit from weaker peso — HSBC appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 14th, 2018

Hyundai vehicle sales down in February

Hyundai Asia Resources, Inc. (Hari), the official distributor of Hyundai vehicles in the Philippines, saw a slight decline in total sales in February due to lower sales of its light commercial cars. According to Hari data, the Hari sold 2,649 units in February this year, sliding 0.2 percent from the 2,653 unit sales it reported in the same month in 2017. This was dragged down by a 5-percent year-on-year decline in sales of light commercial vehicles for the month of February, offsetting the 2-percent growth in the sale of passenger cars. For the first two months, however, the company reported a 1.5-percent sales growth to 5,552 units from 5,470 units in the same period of 2017. ...Keep on reading: Hyundai vehicle sales down in February.....»»

Category: newsSource:  inquirerRelated NewsMar 14th, 2018

Trade deficit narrows in January to $3.32 billion

Trade deficit narrowed in January, slightly slimming the gap as exports inched up and as imports — still posted double digit growth — slows. Exports rose by 0.5% to $5.219 billion in January, slower than the previous month’s 2.3% growth and the 22.0% posted in January 2017. This was the slowest turnout since the 4.5% […] The post Trade deficit narrows in January to $3.32 billion appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 9th, 2018