philippines

2019 is shaping up well for the Philippines with February’s inflation dropping to 3.8%. Bond investors have bitten, which bodes well for corporate debt issuance in the second half of the year.

Although 2019 is not a presidential election year, First Metro Investment Corporation’s Rabboni Francis Arjonillo predicts May’s general election will stimulate consumer confidence and the nation’s economy in the first half of this year.

Good news at last for the Philippines economy with inflation falling in November to a four-month low of 6%, after hitting 6.7% in the two previous months, its highest level in almost a decade.

After nine consecutive months of price inflation October’s numbers held steady at 6.7%, fuelling speculation it may have peaked.