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Bangko Sentral expected to raise borrowing rate

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Bangko Sentral ng Pilipinas.  INQUIRER.net file photo

The Bangko Sentral ng Pilipinas will likely raise its overnight borrowing rate by a quarter of a percentage point to 4 percent in its monetary setting on Sept. 11 to “anchor” inflation expectations as domestic demand might recover this second semester, an economist from JP Morgan Chase bank said.

Posted: September 3rd, 2014 in Editor's Pick,Featured Gallery,Headlines | Read More »

Economy rebounds: 6.4%

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A vendor arranges eggs for sale at a wet market in Manila on Thursday, Aug. 28, 2014. The Philippine economy bounced back to post 6.4 percent growth in April to June, the second-highest in Asia despite "underspending" by the government, authorities said.  AFP PHOTO/NOEL CELIS

Economic growth was faster than expected in the second quarter, driven by the strong manufacturing sector, putting the country back on track to meeting state targets.

Posted: August 29th, 2014 in Latest Business Stories | Read More »

Highest finish for the year

Philippine Stock Exchange.  AFP FILE PHOTO

The local stock index on Tuesday extended its winning streak for the fifth session, tracking an upbeat sentiment on Wall Street, to set a new peak for this year ahead of the release of the country’s second quarter gross domestic product (GDP) report.

Posted: August 27th, 2014 in Headlines,Latest Business Stories | Read More »

PSEi keeps upswing, hitting 7,146.35 ahead of GDP for Q2

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Philippine Stock Exchange.  AFP FILE PHOTO

The local stock barometer extended its winning streak for the fifth session on Tuesday, tracking an upbeat sentiment in Wall Street to set a new peak for this year ahead of the Philippines’ second quarter economic data report.

Posted: August 26th, 2014 in Latest Business Stories | Read More »

Return to over 7% GDP growth seen in Q2

Economic Planning Secretary Arsenio Balisacan.  INQUIRER FILE PHOTO

Economic managers are confident that the second quarter marked a return to growth upwards of 7 percent amid a surge in state spending and private investment to complement the country’s traditionally strong consumption sector.

Posted: August 21st, 2014 in Headlines,Latest Business Stories | Read More »

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