Philippines

  • The Philippines, once considered the “sick man of Asia,” is now one of Asia’s fastest growing economies, posting 6.6% GDP growth in 2012 and one of the region’s best performing stock markets. Domestic demand is the biggest driver of growth, led largely by investment in the construction and infrastructure sectors, helping offset external sector weakness. All three major credit rating agencies also upgraded the Philippines to one notch below investment grade in 2012, with most expecting the Philippines to reach investment grade in 2013.
    President Benigno Aquino III, whose Liberal Party faces important midterm elections in May, has been an instrumental component of the Philippines’ success, rising to power on an anti-corruption platform aimed at reforming the unfair business and political environment his predecessor Gloria Macapagal-Arroyo helped perpetuate. He continues to enjoy strong support, spurred in part by the progress made in ending the longstanding conflict with Islamist rebels in the southern island of Mindanao, where over 150,000 have died. He has also vowed to stabilize public finances, increase government spending in pivotal areas like infrastructure and healthcare, and boost the use of Public-Private-Partnerships (PPPs) to ramp up investment.
    But we temper our optimism in the Philippines, concerned that Aquino’s economic success may lack sustainability. Constitutional restrictions on foreign ownership in key industries, rampant local corruption and a moratorium on mining projects still unnerve international investors. Furthermore, the Philippines maintains the worst unemployment rate in ASEAN and one of Southeast Asia’s highest levels of income inequality, reflecting the exclusionary character of economic growth. The central bank must also manage the peso’s appreciation to ensure it does not reduce the competitiveness of Philippine exports, as well as the purchasing power of households relying on remittances. Lastly, Manila continues to quarrel with Beijing over disputed islands in the South China Sea. ASEAN’s ineffectual role in managing the row spells trouble for the region as both countries have stepped up diplomatic hostilities and military preparedness, escalating the chance for bilateral trade disputes and potentially dangerous skirmishes.
  • Philippines Stock Exchange Index

    Index Detail: PSE Composite Index

    INDEX
    Price
    8,379.64
    Today's Change
    +49.62 (0.60%)
    Open
    8,349.61
    Prev Close
    8,330.02
    Day's High 8,379.64
    52-wk High 8,605.15
    Day's Low 8,280.43
    52-wk Low 6,499.00
    Data as of Tue Nov 14, 2017 | 2:20am EST.
     

    All American Indices

    Data as of 14 Nov 2017. All quotes delayed at least 15 minutes.
    Symb Index Mkt Report Time Last Chg Chg %
    .DJI Dow Jones Industrial Average View 9:32am EST 23,375.18 -64.52 -0.28%
    .IXIC Nasdaq Composite Index View 9:32am EST 6,734.84 -22.76 -0.34%
    .NYA NYSE Composite Index 13 Nov 2017 12,316.82 -- --%
    .TRXFLDUSP Thomson Reuters Equity US Index 13 Nov 2017 229.78 +0.17 +0.07%
    .TRXFLDCAP Thomson Reuters Equity Canada Index 13 Nov 2017 300.42 -0.21 -0.07%
    .TRXFLDLAPU Thomson Reuters Equity Latin America 9:01am EST 335.61 +0.78 +0.23%
    .NIN NYSE International 100 Index 13 Nov 2017 5,648.20 -- --%
    .NTM NYSE TMT Index 13 Nov 2017 8,218.59 -- --%
    .NUS NYSE US 100 Index 13 Nov 2017 9,896.73 -- --%
    .NWL NYSE World Leaders Index 13 Nov 2017 8,184.29 -- --%
    .GSPTSE S&P/TSX Composite Index View 13 Nov 2017 16,026.26 -- --%
    .XAX AMEX Composite Index View 13 Nov 2017 2,609.81 -- --%
    .NWX AMEX Network Index 13 Nov 2017 466.07 -- --%
    .XMI AMEX Major Market Index 905 to 1000 13 Nov 2017 2,364.85 -- --%
    .XOI AMEX Oil Index 13 Nov 2017 1,268.85 -- --%
    .XAL AMEX Airline Index 300 TO 395 13 Nov 2017 104.13 -- --%
    .MXX MXSE IPC View 13 Nov 2017 48,002.43 -- --%

    All European Indices

    Data as of 14 Nov 2017. All quotes delayed at least 15 minutes.
    Symb Index Mkt Report Time Last Chg Chg %
    .TRXFLDEXPU Thomson Reuters Europe (ex UK & Ire) 9:01am EST 181.54 +0.45 +0.25%
    .TRXFLDEEPU Thomson Reuters Em Mkt Europe 9:03am EST 309.76 +1.39 +0.45%
    .TRXFLDGBP Thomson Reuters Equity UK Index 9:01am EST 145.65 +0.20 +0.14%
    .TRXFLDDEP Thomson Reuters Equity Germany Index 8:02am EST 204.02 -0.16 -0.08%
    .TRXFLDFRP Thomson Reuters Equity France Index 9:02am EST 176.70 -0.48 -0.27%
    .FTSE FTSE 100 Index 13 Nov 2017 7,422.89 +7.71 +0.10%
    .GDAXI DAX Index View 9:17am EST 13,037.04 -37.38 -0.29%
    .FCHI CAC 40 Index 9:18am EST 5,316.07 -25.56 -0.48%
    .SSMI SMI Index View 9:19am EST 9,119.62 -43.12 -0.47%
    .SMSI Madrid General Index 9:33am EST 1,012.73 -3.64 -0.36%
    .OMXSPI OMX Stockholm All Share Index 9:31am EST 578.95 +0.02 +0.00%
    .OMXHPI OMX Helsinki All Share Index 9:32am EST 9,512.21 -22.07 -0.23%
    .OMXC20 OMX Copenhagen 20 Index 9:32am EST 988.50 -7.32 -0.74%
    .OSEAX Oslo Exchange All-share Index 9:18am EST 890.77 -3.88 -0.43%
    .ISEQ ISEQ Overall Index 13 Nov 2017 6,755.34 -33.76 -0.50%
    .AEX AEX Amsterdam Index View 9:19am EST 542.50 -2.93 -0.54%
    .BFX Bell 20 Index 9:18am EST 3,986.53 -21.04 -0.53%
    .IBEX Ibex 35 Index 9:34am EST 10,014.20 -35.70 -0.36%
    .BVLG PSI General 13 Nov 2017 2,959.47 +18.16 +0.62%
    .STOXX50 STOXX 50 View 9:19am EST 3,138.99 -24.23 -0.77%

    Asia/Pacific Indices

    Data as of 14 Nov 2017. All quotes delayed at least 15 minutes.
    Symb Index Mkt Report Time Last Chg Chg %
    .TRXFLDJPP Thomson Reuters Equity Japan Index 2:46am EST 155.35 -0.36 -0.23%
    .TRXFLDHKP Thomson Reuters Equity HK Index 4:46am EST 322.15 -0.78 -0.24%
    .TRXFLDINP Thomson Reuters Equity India Index 6:45am EST 1,252.77 -4.72 -0.38%
    .N225 Nikkei Stock Average 225 View 1:15am EST 22,380.01 -0.98 -0.00%
    .HSI Hang Seng Index View 3:08am EST 29,152.12 -30.06 -0.10%
    .AORD ASX All Ordinaries Index 1:34am EST 6,048.71 -48.49 -0.80%
    .KS11 KOSPI Index 4:03am EST 2,526.64 -3.71 -0.15%
    .SETI SET Composite Index 4:52am EST 1,702.63 +15.58 +0.92%
    .JKSE Jakarta Composite 4:14am EST 5,988.29 -33.16 -0.55%
    .PSI PSE Composite Index 2:20am EST 8,379.64 +49.62 +0.60%
    .KSE Karachi SE 100 Index 5:43am EST 40,943.78 -296.11 -0.72%
    .SSEC Shanghai Composite Index 2:12am EST 3,429.97 -17.87 -0.52%
    .TWII Taiwan SE Weighted Index 12:33am EST 10,687.18 +3.26 +0.03%
    .BSESN S&P BSE Sensex 7:03am EST 32,941.87 -91.69 -0.28%
    .HNX30 HNX 30 Index 13 Nov 2017 201.30 +0.08 +0.04%

    Africa/Middle East Indices

    Data as of 14 Nov 2017. All quotes delayed at least 15 minutes.
    Symb Index Mkt Report Time Last Chg Chg %
    .TRXFLDAFPU Thomson Reuters Equity Africa Index 9:03am EST 272.96 +1.86 +0.69%
    .TRXFLDZAP Thomson Reuters Equity Sth Africa Index 9:03am EST 882.68 -0.32 -0.04%
    .JALSH JSE All Share Index 12 Nov 2017 59,821.49 +45.37 +0.08%
    .XU100 ISE National 100 Index 9:18am EST 110,268.64 +1,409.02 +1.29%

    Markets

    • U.S.
    • Europe
    • Asia
    • Sectors

    Sector Summary

    Symbol Last Net Change
    ICE Brent Crude $62.98 $-0.18
    COMEX 100oz Gold $1,277.30 $0.00
  • Price of 1 US$ in Indonesian Rupiah: 51.235 0.053 (0.10%) 0.053 (0.10%)
    As of 3:59 AM EST 11/14/2017

    Interactive Currency Exchange Rate Chart Generated by Bloomberg.com External Link

     
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