Philippines gets 'positive' outlook from investment house


Posted at Mar 15 2019 04:33 PM | Updated as of Mar 15 2019 08:14 PM

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MANILA -- The Philippines has a "more positive" outlook this year compared to 2018 due to stable economic growth, according to a fund manager who manages a $1.5 billion portfolio of stocks and bonds.

A prolonged delay in the passage of the 2019 budget however will be negative, said Lundgreen's Capital CEO Peter Lundgreen.