The Philippine economy is expected to continue growing this year and offer opportunities for investors despite the volatility in global markets and politics, Manulife Philippines said. Manulife Philippines Chief Investment Officer Aira Gaspar expects larger infrastructure spending and co-investing projects with private capital to continue in the country. She expects the central bank policy to stay accommodative throughout 2017, given a manageable inflation outlook and the positive economic growth momentum. Manulife expects remittances from Filipinos working and living abroad and revenues of the business process outsourcing industry to support domestic consumption and domestic liquidity. These factors, coupled with supportive structural reforms, would drive stronger corporate earnings and create new catalysts for Philippine equities, Gaspar said.

Source: Manila Times March 22, 2017 17:37 UTC