Peso skids past P53:$1 level to hit a fresh 3-year low
The peso continued its retreat on mas it sank past the P53-per-dollar level on Monday.
Source: philstar.com
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Philippines' May inflation rate heats up to 42-month high of 5.4%
MANILA (Philippine Daily Inquirer/Asia News Network): Expectations that the Monetary Board will again raise the policy interest rate when it meets on June 23 are firming up as the inflation rate in May accelerated to a 42-month-high of 5.4 per cent.
Source: thestar.com.my
Marcos Jr. wary of proposals to collect new taxes
Ferdinand Marcos Jr. says he will be “careful” in making any policies meant to bolster government revenues.
Source: philstar.com
Philippine economy headed for recovery
The Philippines is heading to a much faster race to recovery, assuming a new COVID variant doesn’t materialize.
Source: philstar.com
BSP may deliver more rate hikes
Economists are expecting more rate hikes after the Bangko Sentral ng Pilipinas (BSP) started its interest rate liftoff on Thursday as inflation is seen averaging at a high of 5.4 percent this year and 6.9 percent next year if the price of Dubai crude hits $200 per barrel.
Source: philstar.com