It’s really an exaggeration! A Philippine airport security inspector was caught bag-stealing and actually drank water and swallowed U.S. dollars to destroy his certificate on the spot. There have been repeated reports of self-inflicted theft at his own airport, and the Philippine Transportation Secretary is furious to correct the misconduct.
In an emergency move, the Philippines Central Bank hiked target rate 25 bps to 6.5% effective tomorrow in rare off-cycle decision, warning it would hike again at regular meeting next month if prices don't stabilize.