Jonathan Ravelas
Jonathan Ravelas
numbers people points taking tax waiting
We could still probably go to 150-170 (basis points on the Philippine five-year CDS). People are going to be waiting for the first-quarter tax numbers before taking it to those levels.
additional adverse consumer government help high impact mitigate oil prices spending strong taxes year
The strong remittances and additional government spending this year should help mitigate the adverse impact of additional taxes and high oil prices on consumer spending.
market next risk seems stable
The risk to the administration seems to be dissipating ... we will probably see a more stable market next week.
move present seems targeting
The present move seems to be targeting the 50.40-50.45 levels.
best buy fund given holy managers positions starting stocks time
Fund managers are starting to liquidate their positions in the market. Given this trend, the best time to buy stocks would be during Holy Week.
bring budget commitment direct foreign fresh government investors portfolio rewarding
Because of the commitment to bring down the budget gap, investors are now rewarding the government through fresh foreign direct and portfolio investments.
investors positively taken worried
This will be taken positively by the market. Investors have been worried about the government's finances.
early levels likely next test
The peso is likely to test the 51-to-one levels as early as next week.
attempted breach level next target time
The peso attempted to breach the 53 level for the first time in over two years. The next target would be for the peso to reach the 52-to-a-dollar level.
ahead buy change falls opportunity recent taken
The recent falls should be taken as an opportunity to buy ahead of the index change in April.
full increase percentage point quarter total
There could be a quarter-point increase every quarter to (a total of) one percentage point for the full year.
commitment fiscal problems seeing solve translate
We are seeing the government's commitment to solve its fiscal problems more aggressively. That will translate to more investments.
expect financial focus lifting markets next shift state test
Next week, I expect the peso to test 51. With the lifting of the state of emergency, the focus of financial markets will shift back to fundamentals.
expect next test
Next week, I expect the peso to test 51.