The Philippine stock exchange had recently reaches to its ultimate high level at 4,756 as of January, 24, 2012. It is recorded as its all time high since its inception and may even extend its upward trend in the near future. This scenario took place for several days starting the first trading day of the year.
Listed below are some of the good news confirming the sound financial fundamentals of the Philippine economy. The year of the dragon is really been an auspicious year in the Philippines in the field of investing and finance. To clearly understand the news-topics click on the link to read the full details of the aforementioned news.
"Strong dollar inflows will continue to support the value of the peso this year despite the volatilities in the financial markets stemming from the European debt problems, the Bangko Sentral said Friday."
"The Philippines has the potential to become one of the top 10 countries that can greatly contribute to global growth within the decade, Goldman Sachs said.
According to the investment bank, the Philippines is among the N-11 [Next 11] economies that are likely to advance to the stage of “growth countries,” or nations that account for at least one percent of global gross domestic product.
The N-11 economies are Mexico, Korea, Indonesia, Turkey, Iran, Egypt, Nigeria, Bangladesh, Pakistan, Philippines and Vietnam."
According to the investment bank, the Philippines is among the N-11 [Next 11] economies that are likely to advance to the stage of “growth countries,” or nations that account for at least one percent of global gross domestic product.
The N-11 economies are Mexico, Korea, Indonesia, Turkey, Iran, Egypt, Nigeria, Bangladesh, Pakistan, Philippines and Vietnam."
"According to the Metrobank group, the economy can grow at a faster pace of 5 percent to 6 percent this year on the back of higher government spending and robust overseas Filipino workers remittances that help drive up consumption. Their upbeat projection includes an upgrade to “investment” credit rating for the country this year. The upbeat mood is driven by what it says are robust investment inflows, strong market appetite, lower borrowing cost, liquidity and faster-than-expected capacity to pay debt."
"The PSE Composite Index reaching a historic high close was absolutely predictable, almost inevitable. In fact, on December 14, 2011, I wrote that the market could reach 5,000 in 2012. That is only about 8 percent higher than where we are now. We can advance higher than that based on the domestic internals that are fueling this market rally."
