Central Bank: Philippines Strong Fundamentals Will Attract Investors Soon

The Philippines has struggled amid the recent emerging market sell-off, but the nation’s strong fundamentals should lead investors to single it out again soon, its central bank told CNBC.

Steep selloffs in the Argentine peso, South African rand and Turkish lira in January triggered a bout of emerging market weakness which spread like wildfire. No emerging market has been safe; even the Philippines which has long been praised for its strong economic growth and well-managed finances has taken a hit.

Asked when investors would wake up to the fact that the Philippines is different to other, weaker emerging markets, Amando M Tetangco, Jr, Governor of the Philippines central bank – Bangko Sentral ng Pilipinas (BSP) – told CNBC Asia’s Squawk Box on Friday this would happen soon.


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Mingze Wu

Mingze Wu

Currency Analyst at Market Pulse
Based in Singapore, Mingze Wu focuses on trading strategies and technical and fundamental analysis of major currency pairs. He has extensive trading experience across different asset classes and is well-versed in global market fundamentals. In addition to contributing articles to MarketPulseFX, Mingze centers on forex and macro-economic trends impacting the Asia Pacific region.
Mingze Wu