Japanese investors 'very bullish' on Philippines: BDO capital


Posted at Oct 19 2017 10:04 AM

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MANILA - Japanese investors are "very bullish" on the Philippines, a fund manager who hosted an investment summit in Japan said Thursday.

Japanese businessmen also welcomed the "liberation" of Marawi City from Islamic State-inspired extremists, said BDO Capital president Ed Francisco.

Francisco said there was growing interest in the local equities market, as shown in the spike in applications for online accounts with the Philippine Stock Exchange.

The main index pierced the 8,500 ceiling for the first time this week. It was down 0.64 percent to 8,378.17 in early trading. Analysts had predicted a correction from record highs.