MARKET-MOVING developments are likely to crop up when new details of the so-called Dutertenomics are revealed and from 30th Association of Southeast Asian Nations (Asean) Summit and related meetings this week. “Market players will the check details surrounding the Dutertenomics, especially the highlights of expanding the percentage share of infra spending to 5.7 percent of gross domestic product. Dutertenomics supposedly sums up President Rodrigo Duterte’s key socio-economic agenda to broaden the gains of economic developments. US President Donald Trump’s expected to sign an executive order reviewing tax regulations that may have burdened US citizens. Harry Liu, president of Summit Securities Inc., said the market will likely move sideways ahead of the long weekend to give way to the Asean meetings.

Source: Manila Times April 23, 2017 16:18 UTC