Important developments for Philippine Economy
1. Its Gross International Reserve (GIR) tops $`100 billion on account of higher gold prices. No need to worry much on the P11 trillion debt ($220 billion debt)
2. 7.1 % GDP growth for the third quarter vs 12% for the second quarter (Quite robust)
This boosted the PSE and made the peso stronger. The year to date is about 4%
We can breathe with sigh of relief.
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