Bullish on the Philippines

Abundant liquidity and strong economic performance is turning the Philippines into Asia’s rising star.

Bullish on the Philippines
Asia's rising star?

Trading activity in the Philippines hit a fresh high yesterday with total turnover of $655 million, more than triple the average daily turnover during the first quarter.

That is paltry compared to Hong Kong or Korea, but highlights an impressive performance for a country that was once the basket case of the region. Indeed, the Philippines still ranks 138th in the World Bank’s Ease of Doing Business Index, alongside Sierra Leone and below India. But...

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