iShares MSCI Philippines (EPHE)

NYSEArca - NYSEArca Delayed Price. Currency in USD
36.97-0.18 (-0.48%)
At close: 8:00 PM EDT
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  • Barrons.com20 hours ago

    4 Takeaways As Philippines' Duterte Retracts Anti-US "Separation"

    The Philippines' president, Rodrigo Duterte, reversed his call for "separation" from America, announced hours earlier in China, saying he cannot cut U.S. "diplomatic relations." Duterte made the anti-U.S. comments in China with some 400 Filipino business leaders listening in, and then stepped back from them once safely back in the Philippines. Here's the language, from Reuters: "On Thursday, Duterte had told Chinese and Philippine business people at a forum in Beijing's Great Hall of the People that America had "lost now," as he sought what he calls a new commercial alliance with China. ... Duterte struck a more conciliatory tone as he arrived back in the Philippines after a four-day visit to Beijing. When you say severance of ties, you cut diplomatic relations.

  • Barrons.com2 days ago

    Nomura Upgrades Philippines As Duterte Pivots To China, Boosts Infrastructure

    The Philippines is growing fast and has a better growth profile than Vietnam or Indonesia, according to Nomura Securities, which upgraded the Philippine stock market to Overweight even though the PSE Index trades at an expensive 20.9 times trailing earnings. Nomura sees the Philippines growing at 6.7%, 6.3% and 6.5% in 2016, 2017 and 2018, respectively.. "We expect the Duterte government to make more progress on infrastructure spending than its predecessor and boost reforms, particularly by cutting red tape and implementing comprehensive fiscal changes despite the current political noise," wrote economist Euben Paracuelles. The Philippines has been a rising star in Asia, but it's not reached its full potential yet.

  • Barrons.com3 days ago

    Can China Sweeten The Philippine Economy As Duterte Says "Goodbye" To US?

    During his first state visit, the Philippine President Rodrigo Duterte told hundreds of Filipinos in Beijing on Wednesday night that "it's time to say goodbye" to the U.S. and there will be "no more American interference, no more American exercises". As Duterte pivots towards China, Beijing is offering through its state-owned China Railway Group (390.Hong Kong) to invest as much as $3 billion in Philippine infrastructure projects in the next few years. Citi Research estimates that a $1 billion investment into the Philippine construction sector can lead to 8.5% annual growth in the sector and the Philippines' GDP can rise by 0.8%, through spillovers in manufacturing and utilities sectors.