The Overall Balance of Payments Position for January to August 2006 is at US$2528 Million.

The year-on-year headline inflation rate in the Philippines further slowed down to 6.3 percent in August from 6.4 percent in July.

Gross Domestic Product (GDP) grew by 5.5 percent in the second quarter of 2006 from 5.4 percent in the same period last year.
The continous double-digit growth in the Net Factor Income from Abroad (NFIA) at 18.3 percent pushed the Gross National Product (GNP to a 6.6 percent growth, fron 5.8 percent in 2005.

The Peso-Dollar exchange rate is back at around P52 from last June`s P53 mark. It also showed greater strength towards the end of July as it went to as low as P51.6 versus the dollar.

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