October 3, 2023
Tinubu welcomed the rulings and called on opposition parties to work towards unity. A Nigerian appeals court on Wednesday threw out opposition challenges to overturn President Bola Ahmed Tinubu’s February election victory after a highly contested ballot. In a judgment broadcast live on television for more than nine hours, judges rejected petitions from two main
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According to Philippine Statistics, in February 2023, the average purchase price of “palai” (unmilled rice) increased by 2.7 percent to 18.19 pesos per kilogram (kg). The figures show an annual increase from 17.71 pesos per kg in February 2022, up 2.6 percent from the price level of 17.73 pesos in January 2023. The following regions
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Stocks of corn and rice in the Philippines declined in February this year, according to the Philippine Statistics Authority (PSA). The latest PSA report on corn and rice stocks showed that the country’s total rice stocks are estimated at 1.52 million metric tons (MMT) as of February. January 1, 2023, which is 17.7% less than
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Net foreign direct investment (FDI) rose in February, Bangko Sentral ng Pilipinas reported on Wednesday, rising 13.0% to $1.0 billion from $926 million a year earlier. This increase is argued to be due to higher non-resident net investment in debt instruments, offsetting lower net equity investment and earnings reinvestment. In particular, net equity investment was
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To Estimated risk per 25.04.2023 9:15:00 S&P/Case-Schiller released monthly house price indices for February (“February” is the 3-month average of closing prices for December, January and February). This release includes prices for 20 individual cities, two composite indices (for 10 cities and 20 cities) and a monthly national index. From S&P: S&P Corelogic’s Case-Shiller index
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To Estimated risk per 25.04.2023 9:46:00 Today in the Calculated Risk Real Estate newsletter: Case-Schiller: National House Price Index ‘declines moderately’ to 2.0% year-on-year in February Excerpt: The Case-Schiller House Price Index (HPI) and the Federal Housing Finance Agency (FHFA) House Price Index for February were released today. Here is a month-to-month (MoM) chart of
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Subsidies to state-owned and controlled corporations (GOCCs) fell 25.9% in February from a year earlier, data released by the Bureau of the Treasury (BTr) showed. According to the agency’s latest report on cash transactions, budgetary support of 9.401 billion pesos was lower than the 12.688 billion pesos registered in February last year. However, based on
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Remittances from Filipinos working abroad rose 2.4 percent to $2.86 billion in February from $2.79 billion a year earlier, Bangko Sentral ng Pilipinas (BSP) said on Monday. “The increase in personal remittances … was due to higher remittances sent by land-based workers with work contracts of one year or more, and maritime and land-based workers
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The country’s trade deficit narrowed in February as both imports and exports fell, the Philippine Statistics Authority (PSA) said Tuesday. The deficit widened to $3.88 billion from $5.73 billion in January and $3.98 billion a year earlier, according to the PSA. Total merchandise trade fell to $14.03 billion from $16.39 billion and $16.24 billion a
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To Estimated risk per 05/04/2023 08:48:00 From the Ministry of Commerce informed: The US Census Bureau and the US Bureau of Economic Analysis announced today that The deficit of goods and services in February amounted to $70.5 billion.which is $1.9 billion more than $68.7 billion in January, is revised. Exports in February amounted to $251.2
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