Yahoo! Southeast Asia Newsroom
Malacanang is elated over the results of a recent poll that claims Philippines is the third most-preferred market in the world by global fund managers.
Presidential spokesman Edwin Lacierda quoted the Bank of America-Merrill Lynch survey as saying that PH is ahead of China and Indonesia.
"This is borne of expectations that in the wake of four credit upgrades, the country will be further upgraded to investment grade later this year," said Lacierda.
In its website, Merrill Lynch described the Global Fund Managers Survey as a "monthly report that canvasses the views of 300+ institutional, retail, and hedge fund managers around the world. The report provides unique information on consensus expectations for the economy and markets, as well as allocation for assets, regions, and sectors."
The actual survey results had not been posted in their website.
Lacierda noted that the Merill Lynch survey also cited that President Benigno "Noynoy" Aquino III's reform agenda boosts investor confidence in PH.
"The simple fact is justice, accountability, transparency, good governance, and the improvement of the economy to accomplish inclusive growth are an indivisible whole," said Lacierda.
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Malacanang is elated over the results of a recent poll that claims Philippines is the third most-preferred market in the world by global fund managers.
Presidential spokesman Edwin Lacierda quoted the Bank of America-Merrill Lynch survey as saying that PH is ahead of China and Indonesia.
"This is borne of expectations that in the wake of four credit upgrades, the country will be further upgraded to investment grade later this year," said Lacierda.
In its website, Merrill Lynch described the Global Fund Managers Survey as a "monthly report that canvasses the views of 300+ institutional, retail, and hedge fund managers around the world. The report provides unique information on consensus expectations for the economy and markets, as well as allocation for assets, regions, and sectors."
The actual survey results had not been posted in their website.
Lacierda noted that the Merill Lynch survey also cited that President Benigno "Noynoy" Aquino III's reform agenda boosts investor confidence in PH.
"The simple fact is justice, accountability, transparency, good governance, and the improvement of the economy to accomplish inclusive growth are an indivisible whole," said Lacierda.
