Best bank:
Bank of the Philippine Islands
Best equity house:
ING Barings
Best debt house:
Citigroup / Salomon Smith Barney
Best M&A house:
ING Barings
It’s no surprise that the confidence of investors has taken a severe knock when it comes to the Philippines. GDP growth estimates have been slashed from over 4% to around 3%. There is some way to go before confidence returns. But political stability is on the way.
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Arroyo: one problem down, several more to go. |
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President Gloria Macapagal Arroyo is apparently in full control and willing to wield her handbag if anyone gets in her way.
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