EZB8RISK / Market Briefing

Philippine headlines stay dominated by the presidential pardon of Mary Jane Veloso, though the market read-through remains unclear. On the economic side, the Metro Manila minimum w

Philippine headlines stay dominated by the presidential pardon of Mary Jane Veloso, though the market read-through remains unclear. On the economic side, the Metro Manila minimum wage hike has taken effect alongside a diesel price cut and the suspension of excise taxes on LPG and kerosene, offering some household relief. Sentiment surveys show firms and households turning more optimistic, a modest bright spot even as the central bank's tightening path lingers in the background.

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