THE weakness of the Philippine peso may lead to higher food and oil costs in the Philippines, according to local economists and analysts. Some analysts, such as Rizal Commercial Banking Corporation (RCBC) Chief Economist Michael L. Ricafort, told BusinessMirror it could lead to inflation averaging 4 percent in June and…
CRISIS creates opportunities and this time, the Philippines could be the beneficiary of such crisis-driven opportunities coming out of the recession in Japan and the United Kingdom, according to local economists. Nonetheless, they said, there are risks from this, especially to trade performance and the country’s remittance bonanza if a…
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