We foresee limited political risks over the next six to nine months and remain bullish on the Philippines.
Sailesh Jha
We maintain our constructive stance on Philippine long-term foreign currency bonds and dollar-peso forecast of 50 by year-end.
bonds currency
Investors over the next two quarters are likely to then turn their attention to the process and timing of Charter change to create a parliamentary form of government.
change government timing attention process create form
We believe allocated subsidies for the power generation sector may be fully utilized by the end of the second half.
power end
On a net basis, it is still quite positive.
positive
risks political
The risk is that the baht depreciates because capital flows to Thailand may slow, particularly to the stock market. We're having a problem related to how elections are going to pan out.
problem risk elections market
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