philippines

IMF sees Philippine 2009 BOP surplus at $6 bln

25 Nov 2009 07:47:36 GMT

MANILA, Nov 25 - The International Monetary Fund said on Wednesday that the Philippines should record a balance of payments surplus of $6 billion in 2009, higher than a previous estimate made by the institution...

IMF sees Philippine remittances up 6 pct in 2010

25 Nov 2009 07:39:09 GMT

MANILA, Nov 25 - The International Monetary Fund said on Wednesday that remittances to the Philippines from its nationals working overseas should grow 6 percent in 2010 after expanding 4 percent in 2009. The prediction...

IMF ups 2009 GDP, inflation forecasts for Philippines

25 Nov 2009 07:30:52 GMT

MANILA, Nov 25 - The International Monetary Fund revised its 2009 growth forecast for the Philippines upward on Wednesday but also hiked its prediction for average inflation. The IMF said 2009 GDP growth should come...

Philippine c.bank: no need for new capital controls

25 Nov 2009 03:11:17 GMT

MANILA, Nov 25 - The Philippine central bank has enough tools to manage large inflows of foreign capital so there is no need to impose new policies to restrict an influx of funds, Governor Amando...

Thailand proposes 3-yr rice supply to Philippines

23 Nov 2009 03:54:15 GMT

MANILA, Nov 23 - Thailand has proposed to sell up to one million tonnes of rice annually to the Philippines, the world's biggest buyer of the grain, over three years, a senior government official said...

Philippines says rice imports for 2010 may hit 3 mln T

23 Nov 2009 02:54:40 GMT

MANILA, Nov 23 - The Philippines, the world's biggest rice buyer, may purchase a record 3 million tonnes of the grain to augment local supply next year under a worst-case scenario, a government official said...

Philippines to hold another rice tender on Dec 15

23 Nov 2009 01:27:41 GMT

MANILA, Nov 22 - The Philippines, the world's biggest rice buyer, will hold a tender to import 600,000 tonnes of the grain on Dec 15, its third tender of that amount next month, the National...

Philippines sees Q3 GDP growth at 1.6-2.6 pct on yr

19 Nov 2009 09:59:56 GMT

MANILA, Nov 19 - The Philippine economy likely expanded 1.6 to 2.6 percent in the third quarter from a year earlier helped by strong consumption driven by faster than initially expected remittances growth, a senior...

SM Prime says to open 5 Philippine malls in 2010

18 Nov 2009 04:08:45 GMT

MANILA, Nov 18 - SM Prime Holdings Corp , a unit of SM Investments Corp , said on Wednesday it would open five malls in the Philippines next year, bringing its total shopping malls all...

Philippines Oct net portfolio inflows $129 million

13 Nov 2009 01:30:34 GMT

* Net foreign portfolio flows stay in the black in Oct * Jan-Oct net portfolio inflows at $358 mln MANILA, Nov 12 - The Philippine central bank released data on Thursday on foreign portfolio investments...

Philippine Senate wants Arroyo investigated for graft

11 Nov 2009 02:00:18 GMT

MANILA, Nov 11 - A Philippine Senate committee has recommended further investigation of President Gloria Macapagal Arroyo and charges filed against her husband in connection with kickbacks in a $329 million broadband deal with China's...

Philippine bank lending growth almost doubles in Sept

10 Nov 2009 06:34:08 GMT

* September lending growth at 6.1 pct y/y, up from Aug * Overall bank lending up s/adj 3.0 pct in Sept from Aug MANILA, Nov 10 - The Philippine central bank released data on Tuesday...

Philippine September money supply up 11.6 pct yr/yr

10 Nov 2009 05:50:14 GMT

* September annual money supply growth lower vs August * Pace of growth slowest so far this year MANILA, Nov 10 - The Philippine central bank released money supply data for September on Tuesday: KEY...

Philippine gov't debt at end-August rises on weak peso

9 Nov 2009 08:56:54 GMT

* Philippine government debt up 0.2 pct in August vs July * Weak peso pushed up total debt * Local debt makes up 55 pct of total; rest in foreign debt MANILA, Nov 9...

Blast shatters lights at San Miguel HQ in Philippines

9 Nov 2009 01:33:30 GMT

MANILA, Nov 9 - A blast outside the headquarters of San Miguel Corp in the Philippine capital early on Monday caused minor damage but no one was injured, police said. Police cordoned off the area...

Philippine Oct forex reserves at record $43.18 bln

6 Nov 2009 06:15:08 GMT

* End-Oct forex reserves at record $43.18 bln * Forex reserves can cover 8.0 months worth of imports * Equal to 9.1 times short-term foreign debt MANILA, Nov 6 - The Philippine central bank released...

Philippines may buy 62,500 T more rice after tender

5 Nov 2009 04:29:03 GMT

MANILA, Nov 5 - The Philippines has the option to buy another 62,500 tonnes of rice over the next six months at prices offered during Wednesday's state tender for 250,000 tonnes, a government official said...

Philippine rates seen unchanged despite CPI spike

5 Nov 2009 02:13:08 GMT

MANILA, Nov 5 - The Philippine central bank is likely to keep interest rates unchanged at a meeting on Thursday despite a spike in inflation to a five-month high in October, analysts said. Central bank...

Philippine Oct inflation accelerates to 1.6 pct yr/yr

5 Nov 2009 01:44:20 GMT

* Annual inflation at 1.6 pct in Oct vs 0.7 pct in Sept * Data in line with market, upper end of c. bank range MANILA, Nov 5 - The Philippine statistics office released the...

Philippines says may breach 2009 budget gap goal

4 Nov 2009 05:45:38 GMT

MANILA, Nov 4 - The Philippines may exceed its budget deficit goal this year of 250 billion pesos ($5.2 billion) due to spending related to typhoon reconstruction and despite successful sales of assets, the finance...

Q+A-Can the Philippines rein in its budget deficit?

2 Nov 2009 08:41:14 GMT

MANILA, Nov 2 - The Philippines looks certain to blow past its budget deficit target this year after the gap swelled to 95 percent of the total in the first nine months. Still, the Finance...

Philippines says talking with Thailand on rice deal

26 Oct 2009 06:11:29 GMT

MANILA, Oct 26 - The Philippines, the world's biggest rice buyer, is currently in talks to purchase 200,000 tonnes rice from Thailand under a government-to-government (G-to-G) deal, a senior state official said on Monday. "The...

Philippines says bought 133,000 T feedwheat at $210/T

26 Oct 2009 03:06:51 GMT

MANILA, Oct 26 - A group of Philippine feedmillers bought a total 133,000 tonnes of feedwheat, mostly from Ukraine, at $210 per tonne, cost and freight, an industry official said on Monday. The first shipment...

Thailand, Philippines fail to agree on rice tariffs

26 Oct 2009 01:42:45 GMT

* Thailand wants better tariff deal from the Philippines * Rice tariffs due to be halved by January under ASEAN pact * Manila insists rice is on sensitive list, offers quota HUA HIN, Thailand, Oct...

Philippines says can delay Samurai issue to 2010

23 Oct 2009 06:45:46 GMT

MANILA, Oct 23 - The Philippines can postpone a planned sale of Samurai bonds to next year despite earlier plans to issue the Japanese government-backed bonds before the end of 2009, Finance Secretary Margarito Teves...

Philippines signs rules for tax-free pension schemes

21 Oct 2009 09:53:34 GMT

MANILA, Oct 21 - The Philippines on Wednesday issued rules to implement a new law to allow the creation of tax-free personal retirement plans that will see funds flow into the domestic debt and stock...

Philippines to boost 'Halal' exports to ME

19 Oct 2009 06:23:41 GMT

The Philippines is seeking to boost its Halal exports to the Middle East to reach $30 million in 2009, with primary focus on the UAE, Bahrain, Kuwait, Oman, Qatar and Saudi Arabia markets.

Chinese Mining Firm to invest $1bln in Philippines

16 Oct 2009 09:39:37 GMT

Oct. 16 MetalBiz--One of China's largest gold producers has formally signified its interest to invest 1bln U.S. dollars in gold and copper exploration in the Philippines over the next five years...

Philippines to sell 25-yr sovereign dlr bonds

16 Oct 2009 01:26:57 GMT

MANILA, Oct 16 - The Philippines, one of Asia's largest sovereign debt issuers, will sell 25-year dollar bonds, a senior government official said, but did not indicate how soon it would launch the deal. Rosalia...

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