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Philippines new 'darling' of global investors (Manila)

By Daxim L. Lucas in Manila/Philippine Daily Inquirer | Asia News Network – Mon, Sep 24, Protected content

Manila (Philippine Daily Inquirer/ANN) - The Philippines is one of the current "darlings" of global investors seeking better returns in emerging market economies and offers even bigger potential returns in the future, according to a ranking official of foreign investment firm Religare Capital Markets Ltd.

The company, which specialises in equities investments in India and the Asean region, has decided to set up operations in the country within the year to better take advantage of the nascent Philippine economic boom.

"The Philippines is a market where people want to put money into," Religare's global head of equity capital markets John Sturmey said in an interview with the Inquirer.

"The story here is certainly better than how it was a few years ago. Everyone is saying good things about the Philippines."

Religare, which has the bulk of its operations in India, Singapore and Hong Kong, is hoping to tap into the growing demand from the local corporate market for investment banking and equity deals.

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