You plan to move to the Philippines? Wollen Sie auf den Philippinen leben?

There are REALLY TONS of websites telling us how, why, maybe why not and when you'll be able to move to the Philippines. I only love to tell and explain some things "between the lines". Enjoy reading, be informed, have fun and be entertained too!

Ja, es gibt tonnenweise Webseiten, die Ihnen sagen wie, warum, vielleicht warum nicht und wann Sie am besten auf die Philippinen auswandern könnten. Ich möchte Ihnen in Zukunft "zwischen den Zeilen" einige zusätzlichen Dinge berichten und erzählen. Viel Spass beim Lesen und Gute Unterhaltung!


Visitors of germanexpatinthephilippines/Besucher dieser Webseite.Ich liebe meine Flaggensammlung!

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Showing posts with label Stock Market. Show all posts
Showing posts with label Stock Market. Show all posts

Friday, November 25, 2016

Philippines Near Ground Zero in Emerging Market

Asia’s emerging markets have faced outflows since Donald Trump won the US presidential election earlier this month. The Philippines is ground zero for the rout as a resurgent US dollar and Manila’s still-expensive stock market have made it even more vulnerable, with the peso plunging to an eight-year low.
The currency of the Southeast Asian nation reached 50 to the dollar for the first time this decade on Thursday and headed for its biggest annual loss since 2013. While equities are poised for their worst month since August 2013, valuations are still the priciest in Asia.
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A Bloomberg gauge of the dollar is heading for the strongest close since at least 2005 amid speculation the president-elect’s policies will push the Federal Reserve to undertake a faster pace of rate increases.
“Emerging markets globally are experiencing fund withdrawals, but what makes the Philippines different, or vulnerable, was its valuation,” said Smith Chua, chief investment officer at Bank of the Philippine Islands, the nation’s second-biggest money manager with the equivalent of $12 billion in assets under management.
“The foreign-exchange movement has also been a significant factor for overseas investors. As the year is heading to a close, some of them want to lock in their gains before the peso weakens further.”

The last time the Philippine peso neared 50 to the dollar in 2008, the global financial system was melting down and the central bank raised interest rates to defend it.
Bangko Sentral ng Pilipinas is probably watching the market as the peso didn’t go beyond the 50 level, according to Jonathan Ravelas, chief market strategist at BDO Unibank Inc., the nation’s biggest bank by market value.
Other currencies in the region have not been spared, with Malaysia’s ringgit approaching its weakest level since 1998 when the Asian financial crisis occurred. The Indian rupee was also trading near a record low reached in August 2013.
A look at the flow of exchange-traded funds show that in the past month the US had the biggest net inflow at US$55 billion, data compiled by Bloomberg show. By contrast, developing nations, led by China and including the Philippines, saw outflows.
The Philippine peso has weakened almost 6 per cent in 2016. Overseas investors offloaded a net $327 million from the stock market in November, set for a fourth month of sell-offs since President Rodrigo Duterte took office at the end of June.
Philippine stocks are trading at 16.29 times 12-month estimated earnings, higher than the 11.9 times for the MSCI Emerging Markets Index of shares. The nation’s dollar bonds, which were up as much as 12 per cent this year in July, have pared those gains to about 4 per cent.

Philippine equities valuation peaked at 19.6 times earnings in July as stocks rallied amid speculation Duterte’s policies would accelerate one of the region’s fastest-growing economies. Since then, concerns over his deadly drug war -- which has killed thousands -- and his anti-U.S. rhetoric have led investors to pull back.
Some foreign-exchange strategists estimated earlier this month the currency would reach the 50 level only by next year as a seasonal increase in money remitted by overseas Filipinos for Christmas spending will curb a decline in the currency.
“A weaker peso just gives more dollar value to potential investors in emerging markets,” said Manila-based Ravelas at BDO said. “In terms of our valuation in the stock market, we’re expensive.”

Friday, January 30, 2015

Philippines: Growth Shows We Are NO Longer Sick man of Asia

Associated Press 


Traders blow horns at the trading floor of the Philippine Stock Exchange in Makati city
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Traders blow horns at the trading floor of the Philippine Stock Exchange (PSE) in Makati city, metro Manila, December 29, 2014.The Philippine stock index rose 0.62 percent on its last trading day for the year. It ended the year at a two-week high of 7,230.57, rising 22.8 percent in 2014, among the region's outperformers. REUTERS/ Romeo Ranoco (PHILIPPINES - Tags: BUSINESS)
MANILA, Philippines (AP) — A Philippine official says the country no longer deserves to be branded the "sick man of Asia" after its economy grew more than 6 percent for a third consecutive year.
Hampered by natural disasters, growth of the $300 billion economy slowed to 6.1 percent in 2014, but still outpaced most other countries in Asia, officials said Thursday.
The 2014 performance ranks the Philippines as the second fastest growing Asian country behind China, which posted 7.3 percent growth, and ahead of Vietnam's 6.0 percent growth, Socio-Economic Planning Secretary Arsenio Balisacan said. The Philippine economy grew 7.2 percent in 2013.
"Our country can no longer be called the sick man of Asia," Balisacan said. "Our economic growth is becoming more competitive with our East and Southeast Asian neighbors."
The Philippines has been blighted by decades of corrupt governments and the archipelago nation is also vulnerable to frequent natural disasters such as typhoons and floods. Investor perceptions of the country have improved under the government of President Benigno Aquino III, who was elected in 2010 with promises to combat endemic graft and poverty.
"The numbers tell us that we are moving in the right direction," Baliscan said. "Clearly the economic policies and strategies we are implementing to achieve sustained and inclusive growth are bearing fruit," he said.
National Statistician Lisa Bersales said the "robust performance" of industry, particularly manufacturing and construction, lifted growth in the fourth quarter to 6.9 percent from 6.3 percent a year earlier.
She said services contributed 3.4 percentage points, industry 2.5 percentage points and agriculture 0.2 percentage points to the 2014 GDP growth of 6.1 percent.
Business process outsourcing was one of the contributors to the expansion of services, according to Balisacan. Outsourcing currently employs 1.052 million Filipinos and the industry is targeting 1.3 million full time employees and $25 billion in revenue by 2016.