Philippines
Philippine inflation to inch up to 3.1%
Thanks to lower oil prices and well-behaved food prices that brought down healding inflation.
Hyflux profit up 21% to S$17.5m
The firm’s revenue for the second quarter increased 71% YoY.
Philippines further slashes policy rate by 25bps
The historical-low cut is the country's third this year but inflation is still foreseen to stand pat at 3%.
Philippines' central bank opts for preemptive rate cut
BSP is taking full advantage to cut rates and insure the economy against a further slowdown on the external front, says DBS.
Monetary conditions facing the Philippines 'unique' compared to peers
Despite risk aversion, the peso has remained strong and is the best performing currency in Asia this year, says DBS.
Rate cuts in the Philippines seen as premature
DBS believes rate cuts in the Philippines may be premature and the central bank will keep the overnight borrowing rate steady at the upcoming monetary policy meeting.
Philippines GDP forecast to grow by 4.6%
The Philippine government needs to boost spending on infrastructure, education, and health, says the World Bank.
Rate cut risks up in the Philippines
There are increased risks of a rate cut to reduce the attractiveness of local assets and temper peso strength, says DBS.
Philippines slashes special deposit account interest rate
Philippine central bank lowers its short-term SDA facility by 3.125bps.
Philippine consumer lending soars to solid growth
Consumer loans rose by 16.3% qoq largely due to 21.1% expansion in residential site loans.
Philippines' central bank wary of speculative flows
BSP’s tightening of control suggests that it may be worried about the strength of the peso, says DBS.
Philippine May exports overshoot to 19.7%
The actual export numbers were roughly three times more than the 6.5% growth predicted by the market.
Philippines leads gains among Asian currencies
The Singapore dollar underperformed the region, losing 0.2% against the greenback.
Philippines on track to reach economic target
Economic expansion is still on track to reach the government’s target of 5-6% despite an external drag on growth in 2H, says DBS.
Singaporeans spend nearly USD12m on flat irons and steamers
Nearly 230,000 irons and garment steamers were sold in last 12 months.
Consumer companies in the Philippines to benefit from inflation easing
Sales will continue to grow strongly on the back of a more favorable consumer sentiment, says Maybank ATR Kim Eng.
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