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The Bangko Sentral ng Pilipinas said monetary authorities remain watchful of flow reversals due to potential forces that could dampen the global growth momentum and spill over to the Philippine economy.

The Association of Southeast Asian Nations has renewed for the sixth time the $2 billion in short-term foreign exchange liquidity support for member countries experiencing balance of payments difficulties.

The stock market weakened yesterday due to technical correction, pushing the main composite index 66.42 points lower at 8,420.95. The broader All Shares gauge was also lower by 36.68 points to settle at 4,913.79.


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The Securities and Exchange Commission plans to address the issues raised by dormant companies regarding the 20 percent minimum public ownership rule.

Vehicle sales accelerated double digits in the first three quarters this year despite a slowdown in September.

ATN Holdings Inc., a publicly listed company engaged in various businesses including real estate land development and energy, hopes to capitalize on the Duterte administration’s ambitious Build Build Build program.

The Department of Agriculture expects an P8-billion additional financing from the World Bank next year as it ramps up its rural infrastructure development project.

The Philippine Stock Exchange plans to amend existing rules to allow trading even when the Bangko Sentral ng Pilipinas is closed.

Philippine exports are seen likely to withstand a minor blow caused by orders being lost to neighboring countries due to some local manufacturers’ alleged non-compliance to certain social and ethical requirements.

Amid President Duterte’s frequent tirades against the European Union, Philippine exports to the bloc remain on an upswing, indicating continued strong trade ties.

The National Meat Inspection Service will start an electronic payment system for accredited meat establishments nationwide in a bid to cut red tape in government transactions.

The stock market opened the trading week on a strong note after it reached a new high on Tuesday and set a new intraday record as investors welcome the liberation of Marawi City.

The amount of money sent by overseas Filipinos to the Philippines in August grew at its fastest pace in five months as new markets for skilled Filipino workers have been found, the Bangko Sentral ng Pilipinas reported yesterday.


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