Quo Vadis, PHP?
August inflation print of 6.4%YoY demanded a lower PHP to recover competitiveness but not by as much as 54. We estimate 53.77 as the ideal PHP...
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Smartkarma: ECM Coverage Weekly Update (30 June 2018)
The Smartkarma ECM Team puts out a weekly update on the deals we have covered recently, along with updates for upcoming IPOs. This week has been...
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Discerning Treasury's Bloated 2Q Funding Program
Behind Treasury's expanded 2Q18 borrowing plan (Php325bn) biased to t-bills is the intention to keep borrowing costs down to prevent material...
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