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Karen Lema

UPDATE 2-At near 10-yr high, Philippines says inflation may have peaked

05 Oct 2018

* Central bank sees signs of disinflationary trend (Adds comments from central bank, government and ING)

Philippines keeps up rapid-fire rate hikes, more seen as inflation quickens

27 Sep 2018

MANILA The Philippine central bank raised its benchmark interest rates for the fourth time in five months on Thursday, pushing them to seven-year highs, and kept the door open for further tightening as it battles to cool inflation.

U.S.-China trade war dims Asia's 2019 growth outlook - ADB

26 Sep 2018

MANILA Developing Asia could grow more slowly than previously thought next year as the U.S.-China trade war inflicts damage on the region's export-reliant economies, the Asian Development Bank (ADB) said on Wednesday.

Philippines spending spree fades as inflation hurts even foreign cash earners

20 Sep 2018

SANTA ROSA VILLAGE, Philippines Liezel Carada, who relies entirely on her husband's earnings as a dishwasher in Italy, has seen her income grow sharply thanks to a plunge in the Philippine peso in recent years. Yet she's having to explain to her three children that they can't afford to go to their favorite eatery anymore.

Philippine inflation accelerates in July, cements rate hike expectations

07 Aug 2018

MANILA Philippine annual inflation accelerated in July and moved further away from the central bank's comfort range, strengthening expectations for further policy tightening this week.

Philippines' Duterte to keep up 'relentless and chilling' drugs war

23 Jul 2018

MANILA Philippine President Rodrigo Duterte vowed on Monday to sustain the momentum of his bloody war on drugs, telling the nation in an annual address that the fight would be as "relentless and chilling" as during his first two years in power.

Exclusive - San Miguel to invest $1 billion in new breweries as Philippine beer demand grows

18 Jul 2018

MANILA Philippines conglomerate San Miguel Corp is planning to invest at least $1 billion (£764.18 million) in the next two years to build 10 breweries inside and outside the country, senior company executives said on Wednesday.

Inflation in Philippines a faultline for Duterte's 'Build, Build, Build' ambition

01 Jun 2018

MANILA In hundreds of hours of speeches during his nearly two years in office, Philippine President Rodrigo Duterte has rarely talked about the economy, something he says is best left to the "clever guys" in his cabinet.

Philippine Congress passes autonomy bill for volatile Muslim region

30 May 2018

MANILA The Philippines moved a step closer on Wednesday to ending decades of conflict on its resource-rich island of Mindanao, after lawmakers approved a bill that will eventually allow self-rule for the country's Muslim minority.

ADB chief sees boon for Asia in AIIB collaboration, not competition

03 May 2018

MANILA The Asian Development Bank wants to collaborate with the Asian Infrastructure Investment Bank (AIIB) to meet the region's growing investment needs and does not see the emerging China-led lender as a rival, the ADB president said on Thursday.

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