Philippines

Amid the current correction in EM equities and currencies - particularly in Turkey, Mexico and Brazil - Asian stock markets, currencies, and foreign bonds are holding up well, with... 2006-03-28

One of our key emerging market CDS spread compression plays over the past six months has been the Philippine 5-year CDS over its Indonesian counterpart. We first became bullish on... 2006-03-27

Our Asia BSI has shown an increase of 2.4 points to 94.1 in March, from 85.0 last November, mainly on the back of substantially increased exposure to Indonesia (up 15.0 points to... 2006-03-24

The Philippine peso has outperformed most Asian currencies, and looks set to surpass a recent 3½-year high of PHP50.84/US$. BMI remains bullish towards the currency, seeing a climb... 2006-03-20

As BMI has emphasised on several occasions, President Gloria Macapagal Arroyo's ability to remain in office depends on her support from several crucial 'power centres'. These are,... 2006-02-28

We have long considered the deepening of local debt markets to be a key component of the EM convergence odyssey. Indeed, the development of liquid and lengthy local yield curves,... 2006-02-23

Philippines-PesoPhilippines-Manila Comp. Philippines-Rep. Philippines 9.875% 10

High commodity prices have been one of the key drivers of the improving sovereign creditworthiness in emerging markets, and the external debt of oil producers have been one of the... 2006-02-06

Back in September 2005, we suggested that Philippine 5-year credit default swaps (CDS) were looking strong, and would outperform their Indonesian counterparts. At the time, the former... 2006-01-26

The rapid rise in Asian currencies over the past few weeks should allow central banks to moderate the speed of monetary tightening. This is evident from the outcomes of monetary policy... 2006-01-12