In our view, if the state of emergency is short-lived, then it should not have a measurable impact on economic activity and thus preserve the gains from the fiscal reform effort, which is the cornerstone of the positive view toward the Philippines.
In the early part of 2005, people were talking about the Philippines being the next Argentina. People aren't talking about that scenario anymore.
The worst-case scenarios have effectively been removed.
We think that foreign buying, which has been a key support for the market, may dry up until the state of emergency is lifted.
This website focuses on proverbs in the Swedish, Danish and Norwegian languages, and some parts including the links below have not been translated to English. They are mainly FAQs, various information and webpages for improving the collection.
This website focuses on proverbs in the Swedish, Danish and Norwegian languages, and some parts including the links below have not been translated to English. They are mainly FAQs, various information and webpages for improving the collection.