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Peso falls to 18-month low as Fed signals rate cut delay

THE Philippine peso fell to its weakest level in almost two years on expectations that the United States Federal Reserve could delay its rate cuts, according to the Bangko Sentral ng Pilipinas (BSP). On Tuesday, data from the Bankers Association of the Philippines (BAP) showed the peso closed at P58.28…
United States Bangko Sentral Elim Remolona Jr Dguyler Dreamstime Federal Reserve Bankers Association Of The Philippines

Construction remains a growth driver | Manny B. Villar

The gross domestic product growth story in the first quarter of the year will sum it up. Construction is still a key driver of GDP growth, underscoring its significant contribution to the Philippine economy. The construction sector expanded 7.0 percent in the first quarter of 2024, playing a crucial role…
Bangko Sentral Ferdinand Marcos Jr Philippine Statistics Authority National Housing Program Department Of Tourism Public Private Partnership

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Philippine Coast Guard to receive five more OPVs with Japanese assistance

Philippine Coast Guard multirole vessel, . The service is poised to receive five more similar vessels. Teresa Magbanua The Philippine Coast Guard (PCG) is poised to receive five more 97 m offshore patrol vessels (OPVs). A ceremony to mark th...
Teresa Magbanua Pieter Sinke Philippine Department Of Foreign Affairs Philippine Coast Guard Philippine Department Foreign Affairs
Source: janes.com

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