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Philippines
Friday, March 29, 2024

Reopening: PH Economy on the Mend

LATEST Reopening: PH Economy on the Mend

LATEST

Local banks poised to survive crisis despite rising bad loans

Philippine banks remain in good standing despite rising bad loans, as many clients face financial difficulties because of the repeated lockdowns and mobility restrictions. Results...

Remittances hit new record high, mitigate COVID’s financial impact

Money sent home by millions of Filipinos living and working overseas continues to provide financial buffer against the impact of the global pandemic. Data from...

BSP maintains ‘accommodative’ stance to support recovery efforts

The Bangko Sentral ng Pilipinas, which sets the pace of economic activities in the country, vows to sustain monetary policy support “for as long...

Strong fundamentals to shore up peso; PH credit rating still stable

Strong macro-economic fundamentals, as confirmed by international credit rating agencies, will support the value of the peso in the coming months despite the recent...

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