{"id":21859,"date":"2016-08-03T18:12:24","date_gmt":"2016-08-03T11:12:24","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-philippines-is-safe-from-brexit-for-now\/"},"modified":"2016-08-03T18:13:38","modified_gmt":"2016-08-03T11:13:38","slug":"the-philippines-is-safe-from-brexit-for-now","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-philippines-is-safe-from-brexit-for-now\/","title":{"rendered":"The Philippines is safe from Brexit\u2014for now"},"content":{"rendered":"


\nBrexit may still have something in store for the seemingly impervious country
\nImage credit: YouTube\/Google Images (Flickr)
\nWhile the UK referendum to rescind its European Union membership has roiled many markets, it is a another story altogether for the Philippines.
\nThe country had a tempered reaction to the Brexit vote, thanks to sound macroeconomic fundamentals, Antton Nordberg, head of KMC MAG Group\u2018s research team, noted in a blog post. However, investors should steel themselves for mid-term aftershocks.
\nThe UK, Nordberg reports, is the third largest source of foreign direct investments (FDI) in the Philippines, and it has contributed in total 20 percent of net flows in 2015.
\n\u201cAny form of decline in investments increases the risk to PH growth\u2019s sustainability as our foreign investments is already low. It is therefore important, now more than ever, that the Philippines open up the market and relax the laws on foreign ownership to attract more investors and retain, if not increase, the amount of investments in the country,\u201d Nordberg said.
\nMore: Malaysia to suffer most from Brexit, say Japanese economists
\nLast month, the Philippine Stock Exchange broke the 8,100-mark for the first time this year, propelled in part by an inaugural State-of-the-Nation-Address by President Rodrigo Duterte and a rosy outlook of the market in general.
\nImmediately after the Brexit vote, the equity market had slipped by 100.06 points, coupled with a 41.5-centavo slump of the peso.
\n\u201cThe outcome of the referendum had a negative impact on various asset classes and currencies including our own market. This was the foreseen reaction in a Brexit case which may prevail for the next few days as markets settle,\u201d said Philippine Stock Exchange president Hans Sicat, adding that the Philippine market will not be adversely affected in the medium term.
\nRead next: A look at the Philippines\u2019 emerging secondary real estate markets
\n
\nSource : property-report.com
\nRead more…The Philippines is safe from Brexit\u2014for now<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Brexit may still have something in store for the seemingly impervious country Image credit: YouTube\/Google...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-21859","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-5Gz","jetpack-related-posts":[{"id":21290,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/malaysia-to-suffer-most-from-brexit-say-japanese-economists\/","url_meta":{"origin":21859,"position":0},"title":"Malaysia to suffer most from Brexit, say Japanese economists","date":"July 29, 2016","format":false,"excerpt":"\r Having amassed large amounts of credit to British banks and invested heavily in UK real estate, Malaysia will allegedly bear the brunt of Britain\u2019s referendum to leave the EU Gleaming towers places an old quarter in Kuala Lumpur in stark relief. Image credit: Sabrina Ariana (Flickr) While it was\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":26061,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/booming-philippine-property-market-inspires-confidence-among-expat-investors\/","url_meta":{"origin":21859,"position":1},"title":"Booming Philippine property market inspires confidence among expat investors","date":"September 14, 2016","format":false,"excerpt":"\r The overwhelming majority of Filipinos in the UAE are optimistic that the property sector in their home country is rapdily improving, according to a new survey.A poll conducted by New Perspective Media (NPM), the organisers of the annual Philippine Property and Investment Exhibition, showed that 98 per cent of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":99862,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/astrazeneca-halts-uk-investments-due-to-brexit-uncertainties\/","url_meta":{"origin":21859,"position":2},"title":"AstraZeneca halts UK investments due to Brexit uncertainties","date":"October 15, 2018","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...AstraZeneca halts UK investments due to Brexit uncertainties","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114071,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/frasers-property-is-bullish-on-uk-real-estate-investments-despite-brexit-uncertainty\/","url_meta":{"origin":21859,"position":3},"title":"Frasers Property is bullish on UK real estate investments despite Brexit uncertainty","date":"February 5, 2020","format":false,"excerpt":"\r Frasers Property is confident there will be long-term investment opportunities in the U.K., even though concerns linger over Britain's relationship with the EU, its group chief corporate officer Chia Khong Shoong said.\r \r Source : cnbc.com\r Read more...Frasers Property is bullish on UK real estate investments despite Brexit uncertainty","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":49823,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/qatars-uk-investment-to-surge-despite-brexit\/","url_meta":{"origin":21859,"position":4},"title":"Qatar's UK investment to surge despite Brexit","date":"March 27, 2017","format":false,"excerpt":"\r Qatar said it will announce major new investments in the United Kingdom this week, deepening the countries' trade ties as it prepares to quit the European Union.The emirate's prime minister, Sheikh Abdullah bin Nasser bin Khalifa Al Thani, is leading a delegation of more than 400 officials and business\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":23615,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-york-topples-london-from-property-pinnacle-as-brexit-deters-foreign-investors\/","url_meta":{"origin":21859,"position":5},"title":"New York topples London from property pinnacle as Brexit deters foreign investors","date":"August 22, 2016","format":false,"excerpt":"\r New York has knocked off London as the world's premier city for foreign investment in commercial property due to fears the vote to leave the European Union would diminish the British capital's appeal as a global financial centre.Data on cross-border property transactions indicate greater unease among investors prior to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/21859"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=21859"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/21859\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=21859"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=21859"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=21859"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}