Gaspar said the Philippines has sound macroeconomic footing, with its healthy forex reserves and domestic-pushed financial system cushioning the us of a from outside headwinds.
She expects the relevant bank coverage to live accommodative during 2017, given a conceivable inflation outlook and the positive monetary boom momentum.
“In addition, our sufficient home liquidity mitigates the risk of an abrupt rise in nearby government bond yields,” she said.
Manulife expects remittances from Filipinos working and dwelling overseas and sales of the commercial enterprise process outsourcing enterprise to aid domestic intake and home liquidity.
These elements, coupled with supportive structural reforms, would force more potent corporate income and create new catalysts for Philippine equities, Gaspar said.
Citing the Manulife Investor Sentiment Index (MISI) survey, she said ninety two percent of buyers within the Philippines anticipate the subsequent six months to be “neutral” to a “good time” to invest in equities. The Department of Finance (DoF) on Wednesday said it is exploring the opportunity of opening a subsidiary of the Land Bank of the Philippines (LandBank) in Bahrain for remote places Filipino employees (OFWs) and to facilitate change and investment with Manama.
In a statement, Finance Secretary Carlos Dominguez 3rd told contributors of the Bahrain Chamber of Commerce and Industry (BCCI) he'll advocate to President Rodrigo Duterte to don't forget such opportunity, in addition to agenda a presidential visit to the Persian Gulf kingdom, in which as many as 100,000 Filipinos live and paintings.
“We are in the meanwhile changing and acquiring a bank to be a subsidiary [of LandBank] to offer for the wishes of our distant places workers. I will in reality endorse the President to make certain he visits Bahrain and look into the possibility of organising a bank there for ease of doing business between us,” Dominguez become quoted as saying in his recent assembly with BCCI members.
WATCH: [HIGHLIGHTS] Department of Finance (DOF) Secretary Carlos Domiguez III holds a press briefing12:14WATCH: [HIGHLIGHTS] Department Of Finance (DOF) Secretary Carlos Domiguez III Holds A Press BriefingShortchanging Govt01:30Shortchanging GovtCoast Guard in Action01:04Coast Guard In ActionLast Minute Preparations03:16Last Minute PreparationsDILG, PNP goal 0 incident on SEA Games04:50DILG, PNP Target Zero Incident On SEA Games11th World Rice Conference01:0011th World Rice ConferenceTrending Articles00:50Trending ArticlesMayor Isko Moreno: 'The Grand Old Dame' eyes return in May03:50Mayor Isko Moreno: 'The Grand Old Dame' Eyes Return In MayGoing Up00:59Going UpCovid-19 may be contained with right measures -- WHO chief08:10Covid-19 Can Be Contained With Right Measures -- WHO Chief
Dominguez additionally chairs the LandBank Board.
The government plans to accumulate and convert the Philippine Postal Bank right into a LandBank subsidiary, as a way to be partially owned through OFWs, the DoF said.
A bank committed to the needs of OFWs changed into a few of the promises of President Duterte to Filipino migrant employees, it added.
She expects the relevant bank coverage to live accommodative during 2017, given a conceivable inflation outlook and the positive monetary boom momentum.
“In addition, our sufficient home liquidity mitigates the risk of an abrupt rise in nearby government bond yields,” she said.
Manulife expects remittances from Filipinos working and dwelling overseas and sales of the commercial enterprise process outsourcing enterprise to aid domestic intake and home liquidity.
These elements, coupled with supportive structural reforms, would force more potent corporate income and create new catalysts for Philippine equities, Gaspar said.
Citing the Manulife Investor Sentiment Index (MISI) survey, she said ninety two percent of buyers within the Philippines anticipate the subsequent six months to be “neutral” to a “good time” to invest in equities. The Department of Finance (DoF) on Wednesday said it is exploring the opportunity of opening a subsidiary of the Land Bank of the Philippines (LandBank) in Bahrain for remote places Filipino employees (OFWs) and to facilitate change and investment with Manama.
In a statement, Finance Secretary Carlos Dominguez 3rd told contributors of the Bahrain Chamber of Commerce and Industry (BCCI) he'll advocate to President Rodrigo Duterte to don't forget such opportunity, in addition to agenda a presidential visit to the Persian Gulf kingdom, in which as many as 100,000 Filipinos live and paintings.
“We are in the meanwhile changing and acquiring a bank to be a subsidiary [of LandBank] to offer for the wishes of our distant places workers. I will in reality endorse the President to make certain he visits Bahrain and look into the possibility of organising a bank there for ease of doing business between us,” Dominguez become quoted as saying in his recent assembly with BCCI members.
WATCH: [HIGHLIGHTS] Department of Finance (DOF) Secretary Carlos Domiguez III holds a press briefing12:14WATCH: [HIGHLIGHTS] Department Of Finance (DOF) Secretary Carlos Domiguez III Holds A Press BriefingShortchanging Govt01:30Shortchanging GovtCoast Guard in Action01:04Coast Guard In ActionLast Minute Preparations03:16Last Minute PreparationsDILG, PNP goal 0 incident on SEA Games04:50DILG, PNP Target Zero Incident On SEA Games11th World Rice Conference01:0011th World Rice ConferenceTrending Articles00:50Trending ArticlesMayor Isko Moreno: 'The Grand Old Dame' eyes return in May03:50Mayor Isko Moreno: 'The Grand Old Dame' Eyes Return In MayGoing Up00:59Going UpCovid-19 may be contained with right measures -- WHO chief08:10Covid-19 Can Be Contained With Right Measures -- WHO Chief
Dominguez additionally chairs the LandBank Board.
The government plans to accumulate and convert the Philippine Postal Bank right into a LandBank subsidiary, as a way to be partially owned through OFWs, the DoF said.
A bank committed to the needs of OFWs changed into a few of the promises of President Duterte to Filipino migrant employees, it added.
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