Philippines

BMI View: In view of the sharp falls in Asian currencies lately, we have been forced to re-assess our end-2008 and even end-2009 forecasts. We see further declines in the short term.... 2008-09-18

Having broken below support in the PHP46.50/US$ area, we are anticipating further misery for the peso as the country's macroeconomic woes persist and the greenback continues its resurgence.... 2008-09-18

BMI View: We see further downside for Asian stock markets and currencies in the near term. Indeed, with most equity markets down by between 1.5% and 3.5% on Thursday September 11,... 2008-09-11

As we had been anticipating, the Philippines' run of budget surpluses has come to an end after a PHP15.4bn (US$33.9mn) fiscal shortfall was recorded in July. Having posted budget... 2008-08-19

Asian currencies are currently having to swim against a rising tide as the US dollar continues to rebound impressively from its recent doldrums and concerns persist over global growth.... 2008-08-15

Asia seems set to feel the pain of high inflation, a weaker external environment, and political uncertainty for some months to come, even if commodity prices head lower. As such,... 2008-08-08

With signs that the hitherto inexorable strength across the commodity universe may soon be set to give way (see Commodities Over The Edge, August 5 2008), renewed concerns over global... 2008-08-05