The investment grade rating on the Philippines’ long-term foreign currency credit may usher in greater inflow of “hot money” as investors seek instruments that are more secure and promise decent yields.
The peso moved sideways on the first trading day of the week following reports that the Bangko Sentral ng Pilipinas may further rationalize its special deposit account facility.
The Philippine Stock Exchange plans to woo Japanese investors into participating more in the robust local stock market by holding a road show in Tokyo this week.
Gone are the days when the Philippines had to beg for investments. Now, investors are lining up to ride on the country’s economic momentum, President Aquino said here on Saturday.
Global banking group Citi has joined the growing list of foreign banks that have turned bullish on Asia, saying key economies in the region are becoming the new “safe haven” for portfolio investments on the back of lingering problems in the United States and the Europe.
MANILA, Philippines—Funds held by trust departments of universal and commercial banks grew at a double-digit pace in the first semester, as the expanding economy prompted more people to engage in portfolio investments. Data from the Bangko Sentral ng Pilipinas showed that funds placed in and managed by trust departments of large banks amounted to [...]
Dutch financial giant ING is “bullish” on four Philippines asset classes: property, main index stocks, peso and fixed income, as the country is seen entering a new phase of higher-trend growth and investor confidence.
The country’s gross international reserves (GIR) surged 11 percent in June to $76.29 billion from $69 billion a year ago, aided partly by the central bank’s income from its portfolio investments and the increase in the price of gold in the world market.
The Philippines is experiencing a surge of portfolio investments from abroad on the back of renewed confidence among fund managers in the country’s economic prospects, according to a ranking stock market official.
The flow of portfolio investments to and from the Philippines fell in January as both local and foreign fund owners adopted a cautious stance in the wake of a prolonged debt crisis in the Europe and the continued weakness in the US economy.
