● The Government Financial Institutions Unified Initiatives to Distressed Enterprises for Economic Recovery (GUIDE) Bill aims to strengthen the capacity of government financial institutions – Philippine Guarantee Corporation, Land Bank of the Philippines, and the Development Bank of the Philippines — to provide the needed assistance to micro, small and medium enterprises and other strategically important companies.
In contrast, over the past 12 months, the various measures of underlying inflation all suggest that it is now running at around 3 per cent – a marked reduction from rates two years ago. Graph 9  This decline reflects two broad developments – the earlier slowdown in demand growth and the appreciation of the exchange rate.