The average peso-dollar exchange rate continued to rise in November. At 44.951, it is the highest so far for 2014. In comparison, the exchange rate during the same period last year was 43.555. Source: Bangko Sentral ng Pilipinas (BSP)
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The Gross Domestic Product (GDP) grew by 5.3 percent in the third quarter of 2014. This rate is below that of the same quarter last year by 1.7 percentage points. The GNI likewise decelerated. It grew by 4.8 percent, almost half the growth rate in the same period last year (i.e. 9%). Source: Philippine Statistics Authority (PSA)
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