Philippine stocks extended their slide as soaring oil prices added fresh pressure, with the central bank flagging that September inflation could land well above the usual comfort z
Philippine stocks extended their slide as soaring oil prices added fresh pressure, with the central bank flagging that September inflation could land well above the usual comfort zone. Heavy domestic borrowing plans and rising national debt, compounded by a weaker peso, keep fiscal strains in view. On the structural side, regulators opening the market to structured warrants and efforts to grow the semiconductor ecosystem point to longer-term development even as near-term sentiment stays heavy.
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