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Online brokerage firm COL Financial Philippines forecast in a February 20 briefing that Philippine Stock Exchange main index (PSEi) will breach the 7,400 mark in 2013. “The Philippines has a positive long term outlook and boasts of relatively attractive fundamentals globally,” said April Lynn Tan, COL Financial’s research head. “Interest rates will also most likely remain low for the rest of the year, sustaining the prevailing liquidity driven rally,” she added.
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