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BSP Says PH Debt Still at Comfortable Levels

Bangko Sentral ng Pilipinas (BSP) data showed that the country’s foreign debt remained at comfortable levels.

The external debt ratio as percentage of gross national income declined from 18.3% in the 2nd quarter of 2013 to 17.6% in the same three months of this year, but lower than the 17.9% in the first three months of the current year.

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Local Equities Gain on Fed Interest News

The local equities market gained 55.45 points (+0.77%) to close at 7,287.29, advancing for the third consecutive day due to positive investor sentiment after the Federal Reserve decided to keep interest rates low for a “considerable time” after QE3 ends.

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Philippine Inflation Rate Up To 4.9%

According to the Philippine Statistics Authority, the country’s inflation rose 4.9% year-on-year last July, the fastest pace since November of 2011.

The uptick was mainly due to an increase in the heavily weighted food and non-alcoholic beverages index.

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