The local unit closed at P55.30 per dollar on Tuesday, gaining 80 centavos from its P56.10 finish on Monday, based on Bankers Association of the Philippines data. READ:
nish on Monday, based on Bankers Association of the Philippines data.
In his speech, Mr. Marcos vowed to overhaul the tax system and outlined a 19-point legislative agenda designed to spur growth, bring down poverty and make the Philippines an investment destination as the economy continues to recover from the coronavirus pandemic. “A stark slowdown in growth would prompt a less hawkish central bank response, causing investors to reassess their projections for the Fed’s dot plot,” he added.
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