Philippines: Strong Fiscal Stimulus in a Time of High Inflation
The primary fiscal gap posted a record high deficit of Php79.3bn (roughly -1.9% of GDP) in 3Q18 (September: -Php63.6bn) to flag a strong fiscal...
491 Views
San Miguel Re-IPO Valuation - Decent Upside from the Low-End of the Price Range
San Miguel (SMC PM) looking to sell 523m (including 174.3m upsize option) San Miguel Food and Beverage (FB PM)'s shares with a 15% over-allotment...
582 Views
Philippines OFW Remittances: Sustaining Trade Gap Funding But Missing the Demand Lift
Despite reported weakness (-0.9%YoY) of the August remittance flows, it contributed to funding bulk of the trade deficit and thus enabled the BoP...
203 Views
Philippines: Core Disinflation in September Amid Food Price Shocks
• Lower-than-expected inflation of 6.7%YoY in September was driven by soaring CPI rice and vegetables resulting from the typhoon-induced, supply...
461 Views
Philippines: Another Aggressive BSP Rate Hike Mirrors Its Hawkish Stance
Amid typhoon-driven, supply shocks, rising but 'transitory' food prices, and domestic demand remaining firm, the Monetary Board (MB) approved...
442 Views