We maintain our forecast for the Philippine economy to grow by 6.3% for full-year 2017, despite GDP data in H117 averaging 6.4% y-o-y, as recent weakness in financial markets suggest the economy will face headwinds over the near-term. Over the longer-term, we are fairly constructive on the economy, expecting growth to average 6.2% over the next

The Philippines is suffering from the devastating impact of Super Typhoon Yolanda (Haiyan), with initial assessments indicating that the storm was probably the most damaging in the country's history. Although appraisals are still in their preliminary stages, government officials are already estimating the death toll to be above 10,000 in the