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Political unrest in the Philippines, sparked by the arrest of former President Rodrigo Duterte and the impeachment of Vice President Sara Duterte, may hinder the passage of crucial financial reforms. ING Bank warns that legislative focus could shift away from proposed tax cuts and mining tax overhauls as the midterm elections approach, intensifying political uncertainty. Despite this, the bank does not foresee significant impacts on macroeconomic stability, citing expectations of controlled inflation and fiscal deficits.
Deepali Bhargava
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political unrest may hinder financial reforms in the philippines
03:03 18.03.2025
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