Manulife Investment Management has advised investors to take a “cautious approach” to investing in the country’s equities market as it may visit the bear territory. Know more:
Manulife Investment Management has advised investors to take a “cautious approach” to investing in the country’s equities market as it may visit the bear territory.
“Again, it’s more of a cautious approach, adding some duration lowering equity weights, we’re still so from a technical perspective. We’re still seeing markets in that sort of bear phase and retesting that 6,000 level on the composite, I think is expected as well,” he said. A bear market is when the main index lost 20 percent from its starting point of the year.
“I think I’ve stressed this point is that it’s a much more domestically oriented economy less exposed to the whims of external volatility. So 70 percent of GDP is private consumption,” Trinh said.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CAAP admits: PH’s air traffic management system outdatedMANILA, Philippines — Following the technical glitch that led to the disruption of flights on New Year&039;s Day, the Civil Aviation Authority of the Philippines (CAAP) admits that the
Read more »
UPS failure caused glitch at CAAP’s Air Traffic Management Center, says DOTrA failure in the uninterruptible power supply equipment being used by the CAAP triggered the technical problems that affected flight operations at the Naia and prevented aircraft on international routes from passing through PH airspace on New Year’s Day.
Read more »
PHL Devt Plan targets MNCs’ investment in pharma sector - BusinessMirrorThe Philippine Development Plan 2023-2028 has included a program to attract leading multinational companies (MNCs) to invest in the local pharmaceutical sector and help it become self-sufficient. This was reflected in the Health and Life Science (HLS) cluster, one of several clusters that are expected to abet the country’s pursuit of industrialization. The HLS cluster
Read more »
Pangilinan offers to assist gov't in redundancies for air traffic management systemPLDT Inc. Chairman Manuel Pangilinan, who was among the thousands of air travelers affected by Sunday&39;s outage of the Air Traffic Management Center (ATMC), on Monday offered to colocate backup systems in the group’s data centers.
Read more »
Taliban seeks economic self-sufficiency and foreign investment for Afghanistan -ministerThe Taliban administration will encourage self-sufficiency and wants international trade and investment, the acting commerce minister said, as Afghanistan faces isolation and suspension of some humanitarian operations over restrictions on women.
Read more »
Manila Water gets Management Level ratings for climate change, water security disclosures - BusinessMirrorManila Water received a Management B rating for its 2022 CDP Climate Change and Water Security Disclosures, improving its Climate Change rating from Awareness level (C), while maintaining the management level rating in Water Security. CDP, formerly Carbon Disclosure Project, aims to make environmental reporting and risk management a business norm, driving disclosure, insight and
Read more »