USD/PHP down 0.9% to 55.720 after rising to as high as 56.30 on Wednesday
Philippine GDP will likely grow much faster than the official target of 6.5% to 7.5% this year as all sectors expand, led by manufacturing and construction, Diokno says in a mobile-phone message to reporters
The nation’s inflation rate will start to ease next year and will be within the 2% to 4% target band in 2024, he said
Global funds were net sellers of $2.15 million in local equities on Dec. 28, according to exchange data
Philippine Transport Secretary Jaime Bautista said he’s in favor of imposing Covid measures including testing on inbound travelers from China, mulling similar plans by the US amid a rapid rise in infections in the mainland as Covid Zero restrictions are lifted
The Philippines targets 2.6m to 6.4m international visitors in 2023, according to the Department of Tourism.
Tourism revenue reached 149b pesos as of November
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