Inflation for February was down to 2.6%, the slowest rate in four years. It was the lowest recorded since December 2002, when the rate stood at 2.5%. In the same month last year, inflation was 7.6%.
Other Market Matters that matter:
The DJIA rebounded by 157.18 (1.30%) points to close at 12,207.59.
Year to date, the PSEi is now down by 0.30% after being up by around 13% at one point.
PLDT posts a 3% increase in net income to a record PhP 35.1 in 2006 from PhP 34.1 in 2005.
Reference: The Philippine Star, Business Pages
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