SUMMARY
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A surprise announcement Wednesday boosts the Philippine Stock Exchange to its 31st record high this year. At 7.1% GDP, the Philippines is the best performing economy in Southeast Asia and the second best in Asia for the third quarter. The sentiment ripples through the economy, strengthening the peso. Core to the confidence the Philippines is riding now is the Aquino government’s anti-corruption effort. On Wednesday, the government declares December 9 anti-corruption day.
Read more on the market and currency, details about the 3rd quarter GDP and anti-corruption day—all on Rappler.
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