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Ian Nicolas P. Cigaral

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PH forex reserves grew to $104B in March
Digital banks’ bad loans continue to pile up

PH banks’ profitability seen holding up

March inflation rate rose to 3.7% as rice price hikes hit 15-year high
Banks’ bad debts inched up in Feb as rates stay high
Gov’t debt hit record high P15.18T in Feb
WB: No need for new taxes to plug budget gap
T-bond rate rises ahead of price data
WB flags declining productivity of workers
Material shortages clipped local factory output in March