• 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