MANILA, May 19 (Reuters): The Philippine peso firmed on Thursday after its central bank raised rates for the first time in more than three years, while Asian shares tumbled on concerns around surging inflation, its impact on retail demand, and the threat of a recession. Stocks in Manila fell 1%, while the Philippine peso edged up 0.2%. The Philippine central bank raised its … [Read more...] about Emerging markets: Philippine peso firms after rate hike as Asian stocks fall on growth fears