SUMMARY
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The eastward tilt of large funds into the stock and property markets of the Philippines, Indonesia, Thailand, Hong Kong and other Asian markets is being closely watched by the International Monetary Fund (IMF). The multilateral lender, which stepped in when the region suffered asset bubbles during the Asian financial crisis in the 1990’s, said this time, the inflows have been generally “not been excessive so far” but could reach levels difficult to manage. The Philippine stock market has been soaring over 20% year-to-date and placed No. 5 in CNN’s Best Stock Markets, while construction of new condominiums, offices, malls, and townships have kept Metro Manila humming.
Read the full story on Rappler
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