Famous investment Guru says PHL is a good place to invest
The administration of President Rodrigo Duterte received a lot of criticize and doom economic predictions, however, the impact of the law and order improvement in the Philippiines will be positive according to a investment Guru.
Mark Mobious, an executive chairman of Templeton Emerging Markets Groups and funds manager at Franklin Templeton Investments said that the killings is a minor issue, what's important is the law and order which Duterte can apply.
“The concern about the illicit killings is a minor issue. The big issue is how they implement true law and order and the degree to which Duterte is able to do that,” Mobius said.
“Of course, it’s a tragedy that anybody gets killed, but in the context of what’s happened in the Philippines in the past and (Duterte’s) commitment to law and order, I’m not too worried about it.”
“[Duterte’s behavior] affects foreign relations. It affects foreign investors because they get concerned and you have the corporate governance concerns and so forth. But at the end of the day, I think the impact of the improved law and order will be positive.” he added.
He also said that the reason for the recent drop of Philippinse Peso against US Dollar is may have been connected to slowdown of remittances.
"The drop in the peso may have been connected to the slowdown in remittances because with the economic situation in the Middle East and in Europe, the U.S., remittances have not been as high as they were.” Mobius said.
Source: Tankler News
Famous investment Guru says PHL is a good place to invest Reviewed by Newsinfo Learn on October 05, 2016 Rating: