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Domestic liquidity growth eases

Preliminary Bangko Sentral data showed that domestic liquidity grew by 7.7 percent year-on-year in January to reach P7.5 trillion, a slowdown from the 11.3-percent (revised) expansion recorded in December 2014. On a month-on-month seasonally-adjusted basis, M3 increased by 1.4 percent. Money supply continued to increase due largely to sustained demand…
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Euro down on Greece fears; Asian stocks mixed

The euro weakened yesterday after the showdown debt talks between Greece and its creditors collapsed, raising the prospect the country would be dumped out of the eurozone. However, many equity markets were unfazed by the trouble in Europe as trade begins to wind down in several Asian bourses before the…

BCDA, 3 firms eye dev’t of CGC

State-owned Bases Conversion and Development Authority is considering a deal with three developers who want to locate in Clark Green City within the first quarter of 2015, according to BCDA president and chief executive officer Arnel Paciano Casanova. The BCDA board is set to meet this week to come up…
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Alcala orders ban on Israel fowl products

Agriculture Sec. Proceso Alcala has ordered the temporary ban on the importation of domesticated and wild birds and their products, including poultry meat, day-old chicks, eggs, and semen, from Haifa, Israel. Alcala set the temporary ban through Memorandum Order 4, series of 2015, to protect the health of the local…
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Peso inches up; stocks edges down

The peso closed higher at 44.31 per US dollar yesterday on total volume of $687.8 million traded at the Philippine Dealing and Exchange Corp. Stocks finished generally lower on the major counters with only the services sector posting gains (up 0.75 percent). The day’s biggest losers were mining/oil (down 1.80…
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