Philippines on track for upgrade but investors be cautious - opinion
A stronger economy, a reformist president and good fortune in neighbour Indonesia have increased talk of the Philippines going investment grade. It should do so but Asiamoney PLUS urges caution.
Between newly investment grade Indonesia’s success in the bond markets, the strong performance of Philippine stocks and aggressive moves by Malaysian banks, talk in financial circles is of Southeast Asia’s tigers roaring again.
The Philippines looks set to be the next Asian sovereign to go from junk to
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