Philippine stocks have slid to their lowest level in eleven months, extending a losing streak as a local bank warns inflation could climb sharply in the months ahead. Fuel prices f
Philippine stocks have slid to their lowest level in eleven months, extending a losing streak as a local bank warns inflation could climb sharply in the months ahead. Fuel prices face upward pressure after a suspension of exports from China, adding to the cost concerns weighing on sentiment. The GCash parent's IPO pricing at a multibillion-dollar valuation remains the main bright spot, even as the country's external liabilities widened last quarter.
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