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
    7,235.21
    Today's Change
    -17.45 (-0.24%)
    Open
    7,257.72
    Prev Close
    7,252.66
    Day's High 7,265.52
    52-wk High 8,118.44
    Day's Low 7,196.75
    52-wk Low 6,499.00
    Data as of Fri Feb 10, 2017 | 2:20am EST.
     

    All American Indices

    Data as of 10 Feb 2017. All quotes delayed at least 15 minutes.
    Symb Index Mkt Report Time Last Chg Chg %
    .DJI Dow Jones Industrial Average View 4:39pm EST 20,269.37 +96.97 +0.48%
    .IXIC Nasdaq Composite Index View 5:15pm EST 5,734.13 +18.95 +0.33%
    .NYA NYSE Composite Index 5:40pm EST 11,377.72 +50.04 +0.44%
    .TRXFLDUSP Thomson Reuters Equity US Index 5:00pm EST 207.02 +0.79 +0.38%
    .TRXFLDCAP Thomson Reuters Equity Canada Index 4:59pm EST 296.22 +2.21 +0.75%
    .TRXFLDLAPU Thomson Reuters Equity Latin America 5:00pm EST 319.05 +6.50 +2.08%
    .NIN NYSE International 100 Index 5:40pm EST 5,079.33 +19.37 +0.38%
    .NTM NYSE TMT Index 5:40pm EST 7,971.07 +31.04 +0.39%
    .NUS NYSE US 100 Index 5:40pm EST 9,145.53 +30.61 +0.34%
    .NWL NYSE World Leaders Index 5:40pm EST 7,492.84 +26.17 +0.35%
    .GSPTSE S&P/TSX Composite Index View 4:35pm EST 15,729.12 +111.82 +0.72%
    .XAX AMEX Composite Index View 5:41pm EST 2,472.26 +2.46 +0.10%
    .NWX AMEX Network Index 5:41pm EST 459.91 +4.37 +0.96%
    .XMI AMEX Major Market Index 905 to 1000 5:41pm EST 2,064.06 +8.55 +0.42%
    .XOI AMEX Oil Index 5:41pm EST 1,233.07 +11.35 +0.93%
    .XAL AMEX Airline Index 300 TO 395 5:41pm EST 110.78 +0.74 +0.67%
    .MXX MXSE IPC View 4:10pm EST 47,797.04 +564.87 +1.20%

    All European Indices

    Data as of 10 Feb 2017. All quotes delayed at least 15 minutes.
    Symb Index Mkt Report Time Last Chg Chg %
    .TRXFLDEXPU Thomson Reuters Europe (ex UK & Ire) 3:20pm EST 152.44 -0.27 -0.18%
    .TRXFLDEEPU Thomson Reuters Em Mkt Europe 2:26pm EST 260.64 -0.74 -0.28%
    .TRXFLDGBP Thomson Reuters Equity UK Index 2:42pm EST 141.88 +0.61 +0.43%
    .TRXFLDDEP Thomson Reuters Equity Germany Index 2:06pm EST 184.12 +0.52 +0.28%
    .TRXFLDFRP Thomson Reuters Equity France Index 2:07pm EST 157.77 +0.02 +0.01%
    .FTSE FTSE 100 Index 9 Feb 2017 7,258.75 +29.25 +0.40%
    .GDAXI DAX Index View 11:44am EST 11,666.97 +24.11 +0.21%
    .FCHI CAC 40 Index 12:00pm EST 4,828.32 +2.08 +0.04%
    .SSMI SMI Index View 12:31pm EST 8,456.22 +18.68 +0.22%
    .SMSI Madrid General Index 11:38am EST 946.45 -6.73 -0.71%
    .OMXSPI OMX Stockholm All Share Index 11:30am EST 552.68 +1.49 +0.27%
    .OMXHPI OMX Helsinki All Share Index 11:30am EST 8,928.08 +33.97 +0.38%
    .OMXC20 OMX Copenhagen 20 Index 10:59am EST 908.83 +4.22 +0.47%
    .OSEAX Oslo Exchange All-share Index 10:46am EST 772.43 +2.40 +0.31%
    .ISEQ ISEQ Overall Index 9 Feb 2017 6,477.83 +0.67 +0.01%
    .AEX AEX Amsterdam Index View 12:00pm EST 489.56 +1.06 +0.22%
    .BFX Bell 20 Index 12:00pm EST 3,590.95 -20.72 -0.57%
    .IBEX Ibex 35 Index 11:38am EST 9,378.10 -60.30 -0.64%
    .BVLG PSI General 9 Feb 2017 2,516.18 +3.45 +0.14%
    .STOXX50 STOXX 50 View 11:50am EST 3,039.14 -1.06 -0.03%

    Asia/Pacific Indices

    Data as of 10 Feb 2017. All quotes delayed at least 15 minutes.
    Symb Index Mkt Report Time Last Chg Chg %
    .TRXFLDJPP Thomson Reuters Equity Japan Index 2:38am EST 135.57 +2.85 +2.15%
    .TRXFLDHKP Thomson Reuters Equity HK Index 4:38am EST 258.88 +0.52 +0.20%
    .TRXFLDINP Thomson Reuters Equity India Index 6:36am EST 1,036.40 +1.63 +0.16%
    .N225 Nikkei Stock Average 225 View 1:15am EST 19,378.93 +471.26 +2.49%
    .HSI Hang Seng Index View 3:08am EST 23,574.98 +49.84 +0.21%
    .AORD ASX All Ordinaries Index 1:35am EST 5,771.59 +53.85 +0.94%
    .KS11 KOSPI Index 4:03am EST 2,075.08 +9.20 +0.45%
    .SETI SET Composite Index 4:54am EST 1,585.24 +1.99 +0.13%
    .JKSE Jakarta Composite 4:07am EST 5,371.67 -0.41 -0.01%
    .PSI PSE Composite Index 2:20am EST 7,235.21 -17.45 -0.24%
    .KSE Karachi SE 100 Index 6:43am EST 49,925.08 +16.93 +0.03%
    .SSEC Shanghai Composite Index 2:09am EST 3,197.33 +14.15 +0.44%
    .TWII Taiwan SE Weighted Index 12:33am EST 9,665.59 +75.41 +0.79%
    .BSESN S&P BSE Sensex 7:10am EST 28,334.25 +4.55 +0.02%
    .HNX30 HNX 30 Index 9 Feb 2017 154.93 +0.83 +0.54%

    Africa/Middle East Indices

    Data as of 10 Feb 2017. All quotes delayed at least 15 minutes.
    Symb Index Mkt Report Time Last Chg Chg %
    .TRXFLDAFPU Thomson Reuters Equity Africa Index 12:55pm EST 262.88 +3.84 +1.48%
    .TRXFLDZAP Thomson Reuters Equity Sth Africa Index 12:35pm EST 792.49 +11.55 +1.48%
    .JALSH JSE All Share Index 10:00am EST 52,687.29 +782.95 +1.51%
    .TA100 TA 100 Index 9 Feb 2017 1,249.86 -3.83 -0.31%
    .XU100 ISE National 100 Index 10:10am EST 87,473.33 -1,356.88 -1.53%

    Markets

    • U.S.
    • Europe
    • Asia
    • Sectors

    Sector Summary

    Symbol Last Net Change
    BRENT CRUDE JAN7 $56.68 $1.05
    100 OZ GOLD C2 $1,233.30 $-1.80
  • Price of 1 US$ in Indonesian Rupiah: 49.915 0.008 (0.02%) 0.008 (0.02%)
    As of 3:58 AM EST 2/10/2017

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

     
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