SUMMARY
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The Philippine stock market has great long-term prospects, according to Tony Herbosa, managing director for Corporate Finance for the Center for Global Best Practices. He cites the fact that recently, JP Morgan finally agreed with global bond behemoth PIMCO’s assessment of US growth. Herbosa notes that with the country’s economic growth story, helped by its potential labor force and demographics base of 70% being below 25 years of age, the PSEi will most likely outperform many Asian bourses, if not the US as well.
Read Herbosa’s blog here
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