Across the metropolis, the military's propaganda headquarters was razed to the ground. At dawn that same Sunday, one person was killed and four were injured by a bomb near a bus station in Iligan city in the south. Back in the capital region, eight died in a slum area fire in Quezon City on June 5. May. The peso had also gained since last month's weakness, hitting 42.50 to the dollar, down from 43.55.
Economic fundamentals are stable.
GDP growth is moderate, lending rates are low. Inflation is steady. The peso has stabilized. It's chugging along, just about. Consumer and capital spending might not offset any export decline.