Call it the “Arroyo legacy,” credit “Aquinomics,” or simply attribute it to good market fundamentals, but there are more and more reasons now to say that it is indeed more fun in the Philippines — compared to other countries.
Philippine inflation rate may still rise
The country is still reeling from the effects of a 14-year high inflation rate of 11.4% but the Bangko Sentral ng Pilipinas (BSP) warned that prices may still rise and inflation might peak during the 3rd quarter of 2008.
The good thing, though, is that according to the BSP, it may come down starting the last quarter of the year and may continue until 2009.