what i mean -- Diokno, an admin guy, will be more biased towards growth than fighting inflation
(all admins want to claim credit for a booming economy)
so he would be favoring looser monetary policy
--
like Trump accusing Yellen of maintaining loose monetary policy during Obama's term and complaining that Powell was being too tight during his term
now that Powell has paused Fed tightening it looked like Powell was bullied by Trump into stopping interest rate hikes
Coz Henry Sy passed away the SM fortune is now divided among the heirs
Villar is now PH richest
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Net worth jumped a whopping 2B though. From 3.5B to 5.5B. I'm sure nagkataon lang that happened during DU30's time.
Sipag at tiyaga baby![]()
galing nga ng succession planning
sigurado nagawa na yan years in advance before Sy died
He also gets to head the AMLC to harass DU30's enemies...
Peso Slumps as Philippines Makes Surprise Central Bank PickAn advocate of robust state spending to spur growth when he was budget chief, Diokno is seen as favoring lower interest rates and a weaker currency. The peso was the worst performer of major Asian currencies on Tuesday, dropping 1 percent against the dollar, the biggest decline since August 2013.