The throbbing exuberance witnessed at the Philippine Stock Exchange over the years since the peak of the global financial crisis created a rally that may have finally been checked, and not a moment too soon.
With the economic boom being seen in the Philippines, nouveau wealth is appearing in the country, boosting the property market. Experts are at strife about the question whether a bubble is in formation.
With slowing growth in China and India, all eyes are now on the emerging Southeast Asian economies which are showing resilience not only towards these two large trading partners, but also towards the EU debt crisis.
Indonesia’s lagging 2012 stock performance looks nothing like its stellar 2011 track record yet - but is the country truly on the way down or is it time to take advantage of low valuations? Citigroup sees 15 per cent upside potential for the rest of the year.