SINGAPORE (May 10): Ahead of his landslide election win on Monday, Ferdinand Marcos Jr. gave few specifics on how he’d govern the Philippines. But a private dinner he attended soon after entering the race last October may provide clues on his priorities and to whom he’s beholden.
MANILA (Bloomberg)" Ahead of his landslide election win on Monday, Ferdinand Marcos Jr gave few specifics on how he would govern the Philippines. But a private dinner he attended soon after entering the race last October may provide clues on his priorities and to whom he’s beholden.
How Bongbong Marcos and Sara Duterte will rule Philippines after election bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
Ahead of his landslide election win on Monday, Ferdinand Marcos Jr. gave few specifics on how he’d govern the Philippines. But a private dinner he attended soon after entering the race last October may provide clues on his priorities and to whom he’s beholden. Joined by Sara Duterte, the president’s daughter…
Interest rate expectations: US inflation threatens developing economies
While policymakers in developing countries are fighting the continued spread of the coronavirus, they are also facing the economic threat of inflation not just at home.
Rising prices in major economies (especially the United States) have intensified investors’ expectations for interest rate hikes. This pushes up bond yields, and as buyers demand higher returns, it is more expensive for other countries to sell bonds.
What should have been good news the beginning of a global recovery has become a threat: Borrowing costs in countries such as South Africa and Brazil will reach dangerously high levels, throwing their already precarious public finances into chaos.