MANILA, Philippines—The main-share Philippine Stock Exchange index charged out of the gates as soon as trading started on Jan. 2 and hit a new record high of 6,091.18 on Jan. 9. Observers consider the record-breaking performance of the local bourse as an indication of unwavering confidence in the growth prospects of the Philippines in 2013. Sanjiv Vohra, Citi Country Officer for the Philippines, cites many reasons to be optimistic about 2013. "We see more pronounced growth drivers in 2013 that will sustain the positive momentum of 2012. Fiscal spending remains a key driver, and the accelerated government spending along with stable domestic d...
Keep on reading: Optimism in PH reigns supreme; CEOs upbeat
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