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Banks face future from position of strength

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Theymostly outperformed the rest of the local stock market in the first semester and did not disappoint when it was time to report their interim earnings. Hardened by the Asian financial crisis of 1997 and some minor hiccups during the Wall Street-centered global crunch that followed the collapse of Lehman Brothers in 2008, Philippine banks are seen on track to post another banner year this 2012—notwithstanding a bleak global economic backdrop.

Posted: October 19th, 2014 in Headlines | Read More »

Inflation seen to stay within target range

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The Philippine central bank remains confident of meeting its target range for this year despite the peso’s recent depreciation, which makes imported goods more expensive.

Posted: September 26th, 2014 in Headlines | Read More »

Capital markets key to growth, BSP says

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The Central bank chief has outlined reforms that the country needs to implement to attract additional local and foreign investments, which would help boost the economy’s current consumption-driven boom.

Posted: February 19th, 2014 in Headlines | Read More »

Gov’t considers own sovereign wealth fund

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The government may put up its own sovereign wealth fund as a vehicle for investing in the private sector overseas as part of efforts to put the country’s foreign exchange income to better use.

Posted: September 18th, 2013 in Headlines | Read More »

BSP ready to address wild forex swings

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The Bangko Sentral ng Pilipinas (BSP) stands ready to control spikes in the foreign exchange market that may lead to higher consumer prices, which may choke the country’s growing economy.

Posted: August 27th, 2013 in Editor's Pick,Headlines | Read More »

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