The government won't be able to meet its 5.3 percent growth target. We would be happy if we could duplicate what we have achieved in the first half.
So when the government was able to withstand the threat, the market took that as a cue that perhaps, at least in the medium term, there won't be another threat.
Normally the decline should have been much more, but the market seems to be holding. The main difference between then and now is the fact that market fundamentals today are way, way better than before.
Come Monday, if nothing happens over the weekend, the market should be okay. It should be normal.
On the bright side, it's a good dividend play. It's good news for PLDT shareholders.
Foreign institutional investors are, I think, cautious to neutral on equities, including those in the Philippines.
It's a popular move to suspend or cut taxes, but it's not wise. The government should address the underlying problem instead, look for alternative sources of power, be less dependent on oil.
It merely compounded the problems that have been hounding the country,
Investors were relieved that contrary to expectations, Labor Day ended without any violence.
It is more likely that China is preparing production for December so they are gearing up ... you will probably see sustained growth in Chinese demand for the next two months.