Philippines

Here are possible scenarios after Thai Bev related party offers a higher bid of S$55 per share for F&N's APB shares.

Blame it on increasing housing prices and recent weather-related shocks.

This is below government's target of PHP109.3bn.

Thanks to lower oil prices and well-behaved food prices that brought down healding inflation.

The firm’s revenue for the second quarter increased 71% YoY.

The historical-low cut is the country's third this year but inflation is still foreseen to stand pat at 3%.

BSP is taking full advantage to cut rates and insure the economy against a further slowdown on the external front, says DBS.

Despite risk aversion, the peso has remained strong and is the best performing currency in Asia this year, says DBS.

DBS believes rate cuts in the Philippines may be premature and the central bank will keep the overnight borrowing rate steady at the upcoming monetary policy meeting.

The Philippine government needs to boost spending on infrastructure, education, and health, says the World Bank.

There are increased risks of a rate cut to reduce the attractiveness of local assets and temper peso strength, says DBS.

Philippine central bank lowers its short-term SDA facility by 3.125bps.

Consumer loans rose by 16.3% qoq largely due to 21.1% expansion in residential site loans.

BSP’s tightening of control suggests that it may be worried about the strength of the peso, says DBS.

The actual export numbers were roughly three times more than the 6.5% growth predicted by the market.

The Singapore dollar underperformed the region, losing 0.2% against the greenback.