Monday 10 December 2018
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inquirer - 6 month ago

Duterte: Economy in the doldrums

DAVAO CITY --- Economic activity is stagnating in the provinces and no less than President Duterte himself is worried that the rising prices of goods could prolong the period of gloom. Now, the economy is in the doldrums, actually [it is] now, Mr. Duterte said on Friday night, less than a week after the Bangko Sentral ng Pilipinas (BSP) raised interest rates for the second time since September last year to counter inflation. The President admitted that the situation in the provinces had become a

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