Why PH stocks are zooming to record highs

Jan 24, 2012 12:06 AM PHT

Lala Rimando

SUMMARY

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The main index in the local stock exchange has been soaring to historic highs day after day in January despite the ongoing impeachment trial of chief justice Renato Corona at the Senate

MANILA, Philippines – The Philippine Stock Exchange index (PSEi) has been soaring to historic highs day after day in January despite the ongoing impeachment trial of chief justice Renato Corona at the Senate.

Fund manager Augusto Cosio explains that external factors have reduced the risk gap between the Philippines and the developed economies of the US, United Kingdom, and western Europe, making the PSE an attractive place to invest in despite the local political noise. – Rappler.com