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S’pore eases monetary tack in snap move

Singapore yesterday became the latest country to ease monetary policy in a surprise move as plunging oil prices hit inflation and the central bank looks to boost the tepid economy. The Monetary Authority of Singapore, the city-state’s central bank, said it would slow the appreciation of the local dollar against…

Peso dips; stocks advance

The peso closed slightly lower yesterday at 44.085 per US dollar on total volume of $771.8 million traded at the Philippine Dealing and Exchange Corp. Stocks finished generally higher with only the financial sector suffering a decline (down 0.37 percent). The day’s biggest gainers were holding firms (up 0.94 percent),…

IMF slashes world growth forecast

The International Monetary Fund on yesterday sharply cut its 2015-2016 world growth forecast of only six months ago, saying lower oil prices did not offset pervasive weaknesses around the globe. The IMF said poorer prospects in China, Russia, the euro area, and Japan would hold world GDP growth to just…

UAE firms eyeing projects in PH

United Arab Emirates-based companies have expressed interest in investing in the country’s airport and energy development projects, Ambassador to the UAE Grace Relucio-Princesa said in an interview. Princesa told reporters that aside from Al Ahli Holding Group, a large company which commits to invest in the country aggressively through a…
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China growth hit 24-year low in 2014

China’s annual GDP growth slowed to its weakest rate in more than two decades in 2014, according to an AFP survey, projecting further deceleration in the world’s second-largest economy this year. The median forecast in a poll of 15 economists saw the Asian giant’s gross domestic product expanding 7.3 percent…
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