For the 14th consecutive year, the country’s current account recorded a surplus, bringing the balance of payments position for full year 2016 to a deficit of $420 million, a reversal of the $2.6 billion surplus registered in 2015.
NEW YORK - Investors seeking to offset the effects of the Federal Reserve’s interest rate hike on Wednesday are pouring money into US loan funds, which is expected to keep a $208 billion refinancing wave rolling as new leveraged loans remain in short supply.
LONDON - After a year that tipped conventional wisdom on its head, the coming week might suggest a return to some sort of normality for the global economy -- or instead take investors into a whole new round of uncertainty.
TOKYO - Japan’s core consumer prices rose for the first time in over a year in January thanks to a pickup in energy costs, but a slump in household spending showed why economic growth and inflation have lagged the more ambitious goals set out by policymakers.
SEOUL- South Korea’s inflation slowed slightly in February from the previous month as price pressures stayed largely muted, data showed on Friday, giving the central bank some space to cut rates if needed amid growing economic risks.
BSP Governor Amando Tetangco, Jr. was conferred the 2016 Outstanding Achievement Award by FinanceAsia a Hong Kong-based publication that covers investment banking, capital markets, and strategic corporate finance in Asia Pacific.
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