The first quarter of 2019 provided some positives for the Philippines. Inflation continued downwards, adding to the election-year stimulus. Foreign investors have also returned to the domestic stock market, reflected in year-to-date net foreign inflows of P40 billion ($768 million).
After a relatively smooth year in 2017, the financial secretary of the Philippines proposed drastic reform last year over the way government approves and allocates its budget with an aim to support long-term economic growth.
Portfolio managers and buy-side analysts give their verdicts on the region's corporations. Today we see some new winners in Thailand, Maybank ranking highly in Malaysia and Ayala taking home top prizes in the Philippines.
Although 2019 is not a presidential election year, First Metro Investment Corporation’s Rabboni Francis Arjonillo predicts May’s general election will stimulate consumer confidence and the nation’s economy in the first half of this year.