MANILA, Philippines - Foreign investors should go back to Philippine financial markets as Southeast Asia’s fastest growing economy in the first quarter boasts of resiliency against potential threats to growth versus its neighbors, an investment bank said in a report.
“We find ourselves more comfortable with the macro-momentum in the Philippines compared with Thailand or Indonesia. This serves as a usual backdrop to our allocation,” Nomura said in its report titled Asean Navigator released yesterday.
“We are now overweight (for) Singapore and Philippines. We are neutral (in) Thailand and Indonesia. And we are underweight (in) Malaysia,” it added.
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Cebu
Mactan Condo, Cebu Real Estate
One
Manchester Place, One Pacific Residence, 8 Newtown Blvd
A Prime
Upscale Development in the Mactan Newtown by Megaworld Corporation
Invest
for as Low as Php 8,000.00 / month!
Raymund
Baroy
Property
Consultant, Megaworld Corporation
International:
+639065549505
Local:
09065549505
www.mactannewtown.net
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