• The Philippine peso heads for a second weekly decline before the release of the nation’s FX-reserves data.
  • USD/PHP rises 0.2% to 55.855, set for a weekly gain of the same amount
  • Central bank is due to release preliminary data for December reserves sometime Friday. Reserves rose $1.1b in November
  • Latest inflation data is consistent with the assessment that price gains may have peaked in December, the central bank said Thursday
  • Risks to inflation outlook remain tilted to the upside for 2023
  • Global funds bought a net $16.3m in local equities on Thursday, biggest inflow since Nov. 16, according to exchange data
  • President Ferdinand Marcos Jr. secured $22.8b of investment pledges from Chinese companies during his Beijing visit, his communications office said Thursday
  • Philippine 10-year bond yield rose 4bps to 7.12% on Thursday