Markets Ignore Political Issues, but Temporarily

Manila Bulletin, June 20, 2005 | Go to article overview

Markets Ignore Political Issues, but Temporarily


Byline: LEE C. CHIPONGIAN

Current political issues hounding Malacanang have given money and stock investors pause, but most view these issues as just temporary.

"Political developments, which have a significant impact on stock market performance, are difficult to predict," according to UBS Investment Research. "(But) while these political issues could drag, we view them as temporary and therefore providing a good opportunity to accumulate quality stocks at a more attractive levels," UBS Philippine analyst Jody Santiago said in a report.

Bangko Sentral ng Pilipinas Deputy Governor Amando M. Tetangco Jr. agrees, that portfolio investments or foreign exchange inflows will remain strong, despite displaying some negative reaction in the first weeks of June, following the political worries that pulled the Philippine Stock Exchange index 7.5 percent down in just three days. Investors avoided the markets after it was reported that some members of the Arroyo family are involved in the illegal numbers game or jueteng.

The latest twist in the political commotion alleged that President Arroyo committed election fraud. However Tetangco said "investors for the most part are ignoring it."

"The stockmarket has recovered some lost ground over the last few days. But it will most likely look for a clarification of current issues before regaining the bullish trend seen earlier this year," the BSP chief added.

ATR-Kim Eng Securities Inc. said investors abroad have indeed dismissed the election-related scandals as just simply political noise. "This is because the sequence of recent events is not something that is wholly new," Luz Lorenzo head of ATRKim Eng research said.

Lorenzo called attempts by some sectors to instigate an impeachment as what happened to former President Joseph Estrada is almost "farcical".

"What foreign investors see is that positive steps have been taken to stabilize the governments finances and this is being taken favorably. Evidence of this can be seen from the trends in transactions by foreign investors in the Phisix," she said. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

Markets Ignore Political Issues, but Temporarily
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.