Economist, Centennial Asia Advisors

Nicholas Chia

Centennial Asia Advisors deliver timely and accurate economic and political analysis to investors, focused on anticipating key turning points that affect the client’s interests in the Asia-Pacific region. Clients include public agencies and central banks, as well as fund managers and investment banks. The company draws strength from its flexibility to tailor products to fit client’s specific interests. It provides detailed macro-economic forecasts, scenario analysis and timely assessments of how specific major economic and political developments may affect a client’s areas of interest. At Centennial Asia Advisors, we tell it like it is. We have no vested interests, no need for a China wall, and no reason to skew our outlook any other way.

Economist

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Centennial Asia Advisors

At Centennial Asia Advisors, we tell it like it is. We have no vested interests, no need for a China wall, and no reason to skew our outlook any other way. With over 30 years experience covering Asia’s political economy, you can be sure our conclusions and analyses are based on the unadulterated facts. Through years of fine-tuning our research methodologies, we deliver a quality of macroeconomic analysis few other houses can match.

Centennial Asia Advisors is an independent research and advisory firm that works with governments, multilateral institutions, financial firms and leading MNCs.

Economic Policy and Strategic Advisors

Macroeconomics

<ul>
<li>While the Philippines’ 2Q22 GDP print surprised on the downside, the recovery still has legs.</li>
<li>Notably, excess private savings actually increased in the period, suggesting cutbacks to discretionary spending, perhaps because of the spike in Covid-19 caseloads or the high-inflation environment.</li>
<li>It will be business-as-usual for the BSP as we expect a 50bps hike in August, followed by 25bps hikes in September and November as terminal rates are in sight.</li>
</ul>


While the Philippines’ 2Q22 GDP print surprised on the downside, the recovery still has legs.
Notably, excess private savings actually increased in the period, suggesting cutbacks to discretionary spending, perhaps because of the spike in Covid-19 caseloads or the high-inflation environment.
It will be business-as-usual for the BSP as we expect a 50bps hike in August, followed by 25bps hikes in September and November as terminal rates are in sight.


The Philippines: Ample Dry Powder For 2H22