Asia is expected to continue to grow this year and that means more opportunities for investors and entrepreneurs alike. The Philippines remains to be one of the reasons for its progress, its GDP having grown by 7.1 percent by the 3rd quarter of last year.
“The Philippines delivered encouraging growth momentum in 2016. Looking ahead, we expect a continued execution of larger infrastructure spending and co-investing projects with private capital,” said Aira Gaspar, CFA and chief investment officer at Manulife Philippines.
Despite higher US interest rates, flatter yield curves, and a gradual rise in inflation may present as challenges in the economy, the country is still looking forward to a bright 2017. According to Manulife Investor Sentiment Index (MISI), 92 percent of investors in the PH that the next six months would be a “neutral to good time” to invest in terms of equities.
Gaspar said that this will prompt an increase in employment, manufacturing, retail trade and productivity. “These factors, coupled with supportive structural reforms would drive stronger corporate earning and create new catalysts for Philippine equities.”