Philippines: Institutional Reforms that Promote Macro Stability
Legislation on rice tariffication signed by President Duterte into law allows for liberal rice imports, thus, effectively dismantling the State...
469 Views
Philippines: Sleuthing for Upside Risk to Rice CPI Post-Typhoon
We estimate rice inflation can rise (fall) by 0.26% for every 100K tons decrease (increase) of total rice inventory. Getting a ‘beta’ that...
397 Views
In the Name of Liquidity
MB delivers a 1% cut in banks’ reserve requirementsContrary to my expectations although some senior monetary officials flagged likelihood of the...
105 Views
4Q17 GDP Eases Although Robust Demand Noted
Lower than expected 4Q17 GDP growth of 6.6%YoY contributed to robust growth of 6.7% in 2017, the first year of President Duterte’s term, although...
119 Views
A Perspective on TRAIN's Package 2
Package 2 of TRAIN led by a corporate income tax (CIT) cut alongside narrowing of fiscal incentives to offset any revenue shortfall from the CIT...
124 Views