For the Philippines’ $13 billion outsourcing industry, the peso’s surge has been compounded by a slide in larger rival India’s rupee.
The Philippine peso headed for its best month since September as accelerating inflation spurred speculation the central bank will boost borrowing costs.
The Philippine central bank will probably keep borrowing costs at a record low as easing inflation gives it room to support growth amid signs the global economic recovery is slowing.
Singapore’s exports rose less than estimated in January as manufacturers shipped fewer electronics and pharmaceutical goods.
"Najib is taking advantage of this environment when he can and try to use a bit more of those savings to make it a bit more targeted in providing buffers to some of the vulnerable households."
- Euben Paracuelles on Dec 04, 2014