Philippine Vote Spurs Investment Growth to 6-Year High: ChartBy
Investment in the Philippines grew at the fastest pace in six years last quarter as companies front-loaded spending ahead of the May presidential election that was won by Rodrigo Duterte, a firebrand mayor who had little economic policy experience. The spike may not be sustainable, DBS Group Holdings Ltd. said in a May 20 note, pointing out that the previous peak was also during a pre-election period.
— With assistance by Ditas B Lopez
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.