Philippines: The Hanjin Scare
Knee-jerk market reaction to the disclosure last Friday (January 11, 2019) of Hanjin’s (Philippines) severe cash flow constraints including the...
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Philippines: Another CPI Downside Surprise in December
Another CPI downside surprise largely due to hefty disinflation in CPI food and transport coupled with easing core inflation. Seasonally adjusted...
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Philippines: Time to Mull over the Risks of the 'twin Deficit' Syndrome
We remain upbeat on 2019 growth prospects (6.5%-6.6%) amid fading inflation risk. However, we don’t see a return to the ‘sweet spot’ with the...
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Philippine Monetary Policy: Relief from No Rate Hike
In yesterday's Monetary Board (MB) meeting (December 13), policymakers decided to maintain the policy rate at 4.75%. Receding price pressures on...
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Philippine November CPI: Inflation's Inflection Point to the Downside Shows Up
November CPI data did not disappoint in delivering inflation’s inflection point. As such, inflation’s downward trajectory next year has been...
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