Foreign stock investors like Indonesia...but love Philippines

April 13, 2015 9:35 AM

65 0

By Neil Jerome Morales MANILA, April 13 (Reuters) - Net foreign purchases of Philippine shares jumped to $1.1 billion in January-to-March, the highest for any quarter in almost three years and more than twice the net volume of funds flowing into Southeast Asia's biggest economy Indonesia.

Government stimulus programmes in Japan and Europe have unleashed a global flood of liquidity. Investors have flocked to the Philippines, drawn by strong corporate earnings, analysts say. The broad market index in Manila has clocked 27 record finishes so far this year. The benchmark has also been bo...

Also read: Philip Morris Stock Sees Worst Day in a Decade on Declining Cigarette Volume

Read more

To category page