Jonathan Ravelas
Jonathan Ravelas
compared flows sending teachers workers
The flows are getting bigger. We're sending more workers and we're sending more teachers compared with entertainers. So when they remit, it's bigger.
arising concerned containing crude higher inflation oil pressures response rising tax
It is a calibrated and preemptive response to rising inflation. They are more concerned with containing inflation pressures arising from higher value-added tax and crude oil prices.
exports good months news next perform point recovery three
This is good news but we can't say at this point that a recovery is now underway. We want to see first how exports will perform in the next two to three months before we can make any conclusion.
numbers people points taking tax waiting
We could still probably go to 150-170 (basis points on the Philippine five-year CDS). People are going to be waiting for the first-quarter tax numbers before taking it to those levels.