LATEST VIEWS
Manila Electric Co. (MER): Boosts Dividend Payout on 2013 Core Net Income to Maximum of 80%

Download: MER 31072014.pdf
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Aboitiz Power’s (AP) 1H2014 Core Earnings Hit By 700MW Pagbilao’s Tax Holiday Expiry

Download: AP 1H Results_CU 08112014.pdf
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Manila Water Company Inc. (MWC): Share Prices Soar on Strong 1H2014 Income and Attractive Valuation; Snub Deadweight of Arbitration

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D&L Industries, Inc.: High-margin specialty products drive revenue

Download: DNL Stock Report1H14 a.pdf
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Weekly Equities Market Summary: August 4 - 8, 2014

Download: Weekly Summary 08 04 2014 - 08 08 2014.pdf
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Concepcion Industrial Corporation (CIC): Product portfolio expansion key to growth

Download: CIC Stock Report August 2014.pdf
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Philippine Cement Industry: Lagging behind a robust economy

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Oriental Peninsula Resources Group, Inc. (ORE): Opens a Third Mine and Closes Php5bn Funding for 21MW Run of River Hydro Power Generation

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The Bellwether Vol. 2 No. 8 July 31, 2014

Download: Bellwether Vol.2 No.pdf_v2-july31.pdf
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FMIC-UA&P Capital Markets Research - The Market Call (July 2014)
Despite an acceleration in inflation to 4.5% in May and a slowdown in exports in April, Q2 GDP growth may surprise on the upside, considering the 1.6 M jobs created in the year ending April 2014, and double-digit growth of 12.8% in industrial output for the same month. The jobs data are so far the best news that has come out, since that rate of job growth (4.5% y-o-y) is conducive to a virtuous cycle of employment-income-spending.
Download: THE MARKET CALL (JULY 2014).PDF
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Philippine Banking Sector: Sluggish Trading, Robust Capital and Incoming Threats

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Weekly Summary Equities

Download: Weekly Summary 07 07 2014 - 07 11 2014.pdf
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Metro Pacific Investments Corp. (MPI): Boosts Meralco Dividend Grab and Control

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FMIC-UA&P Capital Markets Research - Fixed Income Market (Mid-Year Economic Briefing)

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FMIC-UA&P Capital Markets Research - Is PH Heading Towards an Economic Miracle?

Download: Is PH Heading Towards an Economic Miracle - Dr. Abola.pdf
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FMIC-UA&P Capital Markets Research - Capital Markets Issuances (Mid-Year Economic Briefing)

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FMIC-UA&P Capital Markets Research - Equities Market (Mid-Year Economic Briefing)

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Philippine Bond Marke (June 30-July 4): 4.4% June inflation favorable, but market will remain cautious

Download: Weekly Macro and FI Report June 30 - July 4 v3.pdf
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Weekly Market Equities

Download: Weekly Summary 06 30 2014 - 07 04 2014.pdf
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Philippine Bond Market (June 23-27): poised to post gains in the next few weeks

Download: Weekly Macro and FI Report June 23-27 v3.pdf
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Weekly Summary Equities

Download: Weekly Summary 06 23 2014 - 06 27 2014.pdf
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Weekly Market Equities

Download: Weekly Summary 06 16 2014 - 06 20 2014.pdf
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Petron Corporation (PCOR): Wider Margins on Crude and Pump Prices

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Melco Crown's Execution Risk and Belle Corp.'s Cashflow Perpetuity

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Vista Land & Lifescapes, Inc. (VLL): Daang Hari-SLEX link road to boost NAV growth

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Weekly Summary Equities

Download: Weekly Summary 06 09 2014 - 06 13 2014.pdf
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ASEAN Economic Community (AEC): No “Big Bang” in 2015

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Weekly Equity Market Summary June 2-6, 2014

Download: Weekly Summary 06 02 2014 - 06 06 2014 a.pdf
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Philippine Bond Market (June 2-6): Curve steepening to continue with higher interest rate expectation

Download: Weekly Macro and FI Report June 2-6 v3.pdf
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Belle Corp.'s Reorg. is Key to SM Group's Unlocking its Gaming Value
Sinophil Corp. - now a 90%-owned subsidiary of Belle Corp. -- with its absorption of Belle Corp.' gaming asset (casino license and 35% of LOTO) - becomes a pure gaming play.
Download: BEL_SINO_v2.pdf
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1Q14GDP: A Quarter to Forget and a Template for 2014

Download: 1Q2014 Philippine GDP_Part 2_v2.pdf
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The Bellwether Vol. 2 No. 7 May 30, 2014

Download: Bellwether Vol.2 No.7_v6.pdf
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Weekly Market Summary: May 26 - 30, 2014

Download: Weekly Summary 05 26 2014 - 05 30 2014.pdf
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Philippine Bond Market: Buying extended to 4th Week of May, Profit-Taking in Next Few Days

Download: Weekly Macro and FI Report May 26-30 v3.pdf
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Philippine Economy: GDP Slowest in 9 qtrs at 5.7% in 1Q14

Download: 1Q2014 Philippine GDP_v3.pdf
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Philippine Property Sector: Where are we in the cycle?

Download: Property Report Draft 5.pdf
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First Philippine Holdings Corp. (FPH): Sees Php4bn in Earnings This Year, up +73% vs. 2013

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Philippine Mining Report: Is Recovery Sustainable?

Download: Mining Report Final.pdf
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Emperador Inc. (EMP): Acquisition of Scotch Whisky Giant Whyte and Mackay is Key to Doubling of Income in 2017

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The Bellwether Vol. 2 No. 6 May 15, 2014

Download: Bellwether Vol.2 No.6_v3_mkt outlook.pdf
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Philippine Banking Industry: 1Q14 Earnings Fall on Treasury Income Slump

Download: 1Q Bank Earnings Fall _v4.pdf
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Aboitiz Equity Ventures, Inc. (AEV): Tax, El Nino, Steam Pricing Drag Income

Download: AEV_v4.pdf
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SM Investments Corporation (SM): Expansive SM Widens Foreign Buying Window

Download: SM_v2.pdf
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The Bellwether Vol. 2 No. 5 April 30, 2014
FMIC's fortnightly on market action and outlook.
Download: The Bellwether April v4.pdf
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Trans-Asia Oil and Energy Development Corporation (TA): Long in the Market, Short in Supply

Download: TA_040114_4.pdf
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Metro Pacific Investments Corporation (MPI): Mounting Regulatory Hurdles

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Ayala Corp. (AC): An Increasingly Power Sector Play
AC Energy to Power AC's NAV. BUY.
Download: AC_031814_4.pdf
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Manila Electric Company (MER): Meralco Sees 4% Sales Growth
Trading buy for Meralco
Download: MER_031814.pdf
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The Bellwether Vol. 2 No. 4 March 15, 2014
FMIC's fortnightly on market action and outlook.
Download: Bellwether 02_2014_March_PX_AC_TELCOS.pdf
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Aboitiz Power Corp. (AP): Therma Mobile and Pagbilao are 2014 Earnings Kickers
Therma Mobile and Pagbilao are 2014 Earnings Kickers
Download: AP_031414pdf.pdf
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D&L Industries, Inc. (DNL): Outperforming Expectations

Download: DNL Report 04032014.pdf
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The Bellwether Vol. 2 No. 3. Feb. 28, 2014
FMIC's fortnightly on market action and outlook.
Download: Bellwether Vol.2 No.3.pdf
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Argentina Market: Can a Serial Defaulter Get Back to Groove?

Download: Argentina_021714_final5.pdf
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The Bellwether Vol. 2 No. 2. Feb. 15, 2014
China's slowdown/hardlanding risks are key global and regional concerns. Its rapid debt growth and brisk shadow banking that account for half of the banking industry add to the overall risk picture. Setting aside data integrity issues, our China update highlights key fundamental strengths that mitigates some of China's risks.
Download: China 5.pdf
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The Bellwether Vol. 2 No. 1 as of Jan. 15, 2014
This issue features the Phil Power Sector and some equity issues.
Download: Bellwether 01-2014 Phil Power Update, FGEN, AP.pdf
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FMIC-UA&P Capital Markets Research - Equities Market Outlook for 2014

Download: Equities Market Outlook (Jan. 10, 2014).pdf
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FMIC-UA&P Capital Markets Research - Capital Market Issuances in 2014

Download: Capital Market Issuances (Jan. 10, 2014).pdf
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FMIC-UA&P Capital Markets Research - Fixed Income Market Outlook for 2014

Download: Fixed Income Market Outlook (Jan. 10, 2014).pdf
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FMIC-UA&P Capital Markets Research - Macroeconomic Outlook for 2014

Download: Macroeconomic Outlook (Jan. 10, 2014).pdf
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The Bellwether Vol. 1 No. 35 as of December 30, 2013
FMIC's fortnightly on market action and outlook.
Download: Bellwether no.35vol.1-Alert on China, AP, DNL_v4.pdf
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The Bellwether Vol. 1 No. 34 as of December 19, 2013
FMIC's fortnightly on market action and outlook. It covers the following topics: -PSEi Drivers for 2014 -MWIDE -PF
Download: Bellwether no.34vol.1-PSEi Drivers, MWIDE, PF.pdf
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FMIC-UA&P Capital Markets Research - The Market Call (November 2013)
Just as another set of economic data was pointing towards an above-7% Gross Domestic Product (GDP) in Q3, killer super typhoon“Yolanda” (international name: Haiyan), that devastated large swathes of the Visayas and Palawan, may have killed the further acceleration suggested by the country’s Leading Economic Indicators (LEI) for Q4. After all, industrial output and exports expanded at a faster pace in August and peso equivalent of Overseas Filipino Workers’ (OFW) remittances rose at a double digit rate. The world’s biggest ever typhoon, that packed over-300 kph winds and huge waves flattened and killed thousands of Filipinos in the eastern coast of some Visayas islands, may now mean below-6.0% GDP growth in Q4 and the first half of 2014. To be sure, reconstruction efforts could offset the loss on output and income due to the negative effects of the super typhoon, but the affected areas reportedly represent some 12% of the country’s population, and the latter would probably tilt the balance.
Download: THE MARKET CALL (NOVEMBER 2013).pdf
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The Bellwether Vol. 1 No. 33 as of October 31, 2013
FMIC's fortnightly on market action and outlook.
Download: The Bellwether 33rd Issue v8.pdf
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FMIC-UA&P Capital Markets Research - The Market Call (October 2013)
The economy continues to show signs of strength as electricity sales accelerated in August, while exports growth remained in positive territory. Besides, the peso equivalent of Overseas Filipino Workers (OFW) remittances hit a 49-month high in July which should boost consumption spending and residential homes purchases. Decelerating headline inflation rates to 2.1% in August from 2.5% in July further increases the likelihood of another above-7% Gross Domestic Product (GDP) growth in Q3.
Download: THE MARKET CALL (OCTOBER 2013).pdf
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The Bellwether Special Issue: The Philippine BPO Industry
The Philippine BPO industry remains strong despite weakness in developed countries.
Download: BPO7-3.pdf
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The Bellwether Vol. 1 No. 32 as of September 18, 2013
FMIC's fortnightly on market action and outlook.
Download: The Bellwether 32nd Issue v2.pdf
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The Bellwether Vol. 1 No. 31 as of August 31, 2013
FMIC's fortnightly on market action and outlook.
Download: The Bellwether 31st Issue v5.pdf
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DNL: "Quantity over Quality"
Pushing the High-Margin Products and Cheap Valuation on 2014 Earnings
Download: DNL Final.pdf
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FMIC-UA&P Capital Markets Research - The Market Call (August 2013)
The Federal Reserve Board’s (Fed) clarification that the tapering of its bond purchases as part of its quantitative easing (QE) is “not cast in stone” and will be dependent on how the economy actually performs in the coming months not only calmed the financial markets, but also highlighted the strong fundamentals of the Philippine economy. Meralco electricity sales in Q2 posted a 6.4% gain from year ago levels, a significant climb from 1.2% in Q1, despite a slowdown in June. Government spending on infrastructure still sizzled at 35.9 % growth in Q2, although again this was a bit weaker than the 50.1 % surge in Q1. Industrial production went up by 21.7% in May and is pointing towards an acceleration in the manufacturing sector in Q2. And inflation in June was only slightly up to 2.7% (revised), still markedly below the Bangko Sentral ng Pilipinas’ (BSP) target of 3-5%.
Download: THE MARKET CALL (AUGUST 2013).pdf
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The Bellwether Special Issue: 2Q2013 Banking Update
FMIC's special issue on the 2Q2013 banking financial results.
Download: Banking Update 20130806 v5.pdf
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The Bellwether Vol. 1 No. 30 as of July 31, 2013
FMIC's fortnightly on market action and outlook.
Download: The Bellwether 30th Issue v6-1.pdf
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FMIC-UA&P Capital Markets Research Alliance - Corporate Debt Market and Growth Industry Outlook for 2013 (As of July 24)

Download: FMIC-UA&P Capital Markets Research - Corporate Debt Market and Industry Growth Outlook (As of July 24) .pdf
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FMIC-UA&P Capital Markets Research Alliance - Fixed Income Market Outlook for 2013 (As of July 24)

Download: FMIC-UA&P Capital Markets Research - Fixed Income Market Outlook (As of July 24).pdf
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FMIC-UA&P Capital Markets Research Alliance - Equities Market Outlook for 2013 (As of July 24)

Download: FMIC-UA&P Capital Markets Research - Equities Market Outlook (As of July 24).pdf
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FMIC-UA&P Capital Markets Research Alliance - Macroeconomic Forecasts for 2013 (As of July 24)

Download: FMIC-UA&P Capital Markets Research - Macroeconomic Forecasts (As of July 24).pdf
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The Bellwether Vol. 1 No. 29 as of July 15, 2013
FMIC's fortnightly on market action and outlook.
Download: The Bellwether 29th Issue v5.pdf
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The Bellwether Vol. 1 No. 28 as of June 30, 2013
FMIC's fortnightly on market action and outlook.
Download: The Bellwether 28th Issue v4-1.pdf
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The Bellwether Vol. 1 No. 27 as of June 15, 2013
FMIC's fortnightly on market action and outlook.
Download: The Bellwether 27th Issue v5.pdf
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The Bellwether Vol. 1 No. 26 as of May 31, 2013
FMIC's fortnightly on market action and outlook.
Download: The Bellwether 26th Issue v9-4.pdf
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The Bellwether Vol. 1 No. 25 as of May 15, 2013
FMIC's fortnightly on market action and outlook.
Download: The Bellwether 25th Issue v8-4.pdf
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The Bellwether Special Issue: Philippine Business Bank
Dividends, Branches and an ASEAN SME Strategy Stretch PBB's Potentials
Download: PBB Research_v11.pdf
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The Bellwether Vol. 1 No. 24 as of April 30, 2013
FMIC's fortnightly on market action and outlook.
Download: The Bellwether 24th Issue v9-9.pdf
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The Bellwether Vol. 1 No. 23 as of April 15, 2013
FMIC's fortnightly on market action and outlook.
Download: The Bellwether 23rd Issue v11-2.pdf
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The Bellwether Vol. 1 No. 22 as of March 30, 2013
FMIC's fortnightly on market action and outlook.
Download: The Bellwether 22nd Issue v8-2.pdf
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The Bellwether Vol. 1 No. 21 as of March 13, 2013
FMIC's fortnightly on market action and outlook.
Download: The Bellwether 21st Issue v6-2.pdf
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The Bellwether Vol. 1 No. 20 as of February 28, 2013
FMIC's fortnightly on market action and outlook.
Download: The Bellwether 20th Issue v6.pdf
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The Bellwether Vol. 1 No. 19 as of February 15, 2013
Bellwether's special edition on Philippine Business Bank. This report identifies earnings growth, share price action branches and other information on the bank.
Download: The Bellwether 19th Issue.pdf
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The Bellwether Vol. 1 No. 18 as of January 30, 2013
FMIC's fortnightly on market action and outlook.
Download: The Bellwether 18th Issue v23-4.pdf
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Mining Industry Report -- "Bounce Back"
This issue tackles the expected recovery of the industry amid challenges (regulatory, external and operational) and research coverage of selected mining companies, total of seven.
Download: Industry Opportunity Report - Mining Bounce Back_v2.pdf
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The Bellwether Vol. 1 No. 17 as of January 15, 2013
FMIC's fortnightly on market action and outlook.
Download: The Bellwether 17th Issue v18.pdf
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The Bellwether Vol. 1 No. 16 as of December 15, 2012
FMIC's fortnightly on market action and outlook.
Download: The Bellwether 16th Issue v8-1.pdf
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The Bellwether Vol. 1 No. 15 as of November 29, 2012
FMIC's fortnightly on market action and outlook.
Download: The Bellwether 15th Issue v8-1.pdf
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The Bellwether Vol. 1 No. 14 as of November 15, 2012
FMIC's fortnightly on market action and outlook.
Download: 10.23.12 Bellwether 14th Issue v.6.pdf
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The Bellwether Vol. 1 No. 13 as of November 12, 2012
FMIC's fortnightly on market action and outlook.
Download: 10.23.12 Bellwether 13th Issue v.3.pdf
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The Bellwether Vol. 1 No. 12 as of October 18, 2012
FMIC's fortnightly on market action and outlook.
Download: 10.03.12 Bellwether 12th Issue v.3-1.pdf
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The Bellwether Vol. 1 No. 11 as of October 2, 2012
FMIC's fortnightly on market action and outlook.
Download: 09.17.12 Bellwether 11th Issue v.5.pdf
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Industry Opportunity Report -- "Mining Blues will Blow Over"
The maiden issue of IAG-Research's Industry Opportunity Report titled "Mining Blues will Blow Over." This is a bimonthly publication.
Download: Mining blues will blow over-FINAL.pdf
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The Bellwether Vol. 1 No. 10 as of September 10, 2012
FMIC's fortnightly on market action and outlook.
Download: 09.06.12 Bellwether 10th Issue v.3-1.pdf
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The Bellwether Vol. 1 No. 9 as of August 30, 2012
FMIC's fortnightly on market action and outlook.
Download: 08.22.12 Bellwether 9th Issue v.3-2.pdf
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The Bellwether Vol. 1 No. 8 as of August 15, 2012
FMIC's fortnightly publication on market action and outlook.
Download: 07.30.12 Bellwether 8th Issue v.7.pdf
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The Bellwether Vol. 1 No. 7 as of July 27, 2012
FMIC's fortnightly publication on market action and outlook.
Download: 07.19.12 Bellwether v3-2.pdf
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The Bellwether Vol. 1 No. 6 as of July 15, 2012
FMIC's fortnightly publication on market action and outlook.
Download: 07.06.12 Bellwether v5-2.pdf
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The Bellwether Vol. 1 No. 5 as of June 29, 2012 (Revised)
FMIC's fortnightly publication on market action and outlook.
Download: 06.29.12 Bellwether v4-1.pdf
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The Bellwether Vol. 1 No. 4 as of June 22, 2012
FMIC's fortnightly publication on market action and outlook.
Download: 06.18.12 Bellwether v4.pdf
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The Bellwether Vol. 1 No. 3
FMIC's fortnightly publication on market action and outlook.
Download: 06.01.12 Bellwether v17.pdf
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The Bellwether Vol. 1 No. 2
FMIC's fortnightly publication on market action and outlook.
Download: 5.17.12 Bellwether[1].pdf
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First Metro Investment Corporation has received an approval from the Bangko Sentral ng Pilipinas to declare cash dividends amounting to P3.03 billion. Read More
First Metro signs agreement with Meralco PowerGen on sale and purchase of Global Business Power shares 10/9/2013
Metropolitan Bank & Trust Company (Metrobank) announced today that its investment banking subsidiary, First Metro Investment Corporation (First Metro), signed a Share Sale and Purchase Agreement (SSPA), subject to closing conditions, for the sale of 20% of Global Business Power Corporation (Global Power) with Meralco PowerGen Corporation (MGen), a wholly-owned subsidiary of Manila Electric Company (Meralco). Read More
First Metro Investment forms strategic alliance with Tokai Tokyo Financial Holdings 9/30/2013
First Metro Investment Corporation forms strategic business cooperation with Japanese holding firm Tokai Tokyo Financial Holdings, Inc. (TTFH), a Japan-based holding company primarily engaged in securities business. Read More
First Metro receives FinanceAsia's Best Domestic Bond House Award 9/20/2013
First Metro Investment Corporation was awarded as Best Domestic Bond House by FinanceAsia Magazine in its Country Awards for Achievement 2013. Read More
First Metro Investment Corporation holds Economic Briefing 9/9/2013
First Metro officers and UA&P economist assemble in front of the audience of its 2013 Economic Briefing held at Makati Shangri-La. Read More
First Metro Investment sees 8.0-8.5% GDP growth in Q2 8/27/2013
First Metro Investment Corporation expects GDP growth to accelerate between 8.0-8.5% in the second quarter, buoyed by first quarter growth momentum and election spending. Read More
First Metro bags PIFA awards 8/23/2013
The First Metro Save & Learn Mutual Funds of First Metro Asset Management, Inc. (FAMI) won ten awards during the 7th Annual Awards Night of the Philippine Investment Fund Association (PIFA) held recently at The Peninsula Manila. Read More
FirstMetroSec brings Philippine companies to the DBSVickers Pulse of Asia Conference in USA 8/8/2013
First Metro Securities Brokerage Corporation (FirstMetroSec) brought four Philippine listed companies to the recently-held Pulse of Asia Conference in the United States, organized by DBSVickers Pte. Ltd. (DBSVickers). Read More
First Metro Investment posts 240% increase in income to P6.8 billion in the first half of 2013 7/29/2013
First Metro Investment Corporation realized a consolidated net income of P6.8 billion at the end of the first half of 2013. Read More
First Metro voted as one of the ten best managed companies in the country 7/3/2013
First Metro Investment Corporation was recognized as one of the best managed companies in the Philippines by FinanceAsia in its 13th annual poll of Asia’s top companies. Read More
First Metro concludes agreement with ORIX Corporation on sale and purchase of Global Business Power shares 6/27/2013
(27 June 2013. Makati City, Philippines.) Metropolitan Bank & Trust Company (Metrobank) announced today that its investment bank subsidiary, First Metro Investment Corporation (First Metro), has concluded a Share Sale and Purchase Agreement (SSPA) for the sale of 200,000,000 shares of Global Business Power Corporation (GBPC) to ORIX Corporation (ORIX) of Tokyo, Japan amounting to P7.15 billion. Read More
First Metro celebrates 50 years 6/27/2013
First Metro Investment Corporation recently celebrated its 50 years of driving growth and development in the Philippine capital markets. Read More
Philippines can withstand current financial turbulence 6/20/2013
First Metro Investment Corporation maintains a very optimistic outlook for the Philippine economy for the rest of the year despite the recent appalling performance of the equities market, fall of the peso, SDA rate cuts and continued uncertainties in the global markets. Read More
Stock X Challenge 3 concludes 5/31/2013
First Metro Investment Corporation President Roberto Juanchito Dispo presents the winner’s check to Team Mago from the University of the Philippines-Cebu in the Stock X Challenge awarding ceremony held recently at the Philippine Stock Exchange Makati. Read More
First Metro Investment posts 2.3 billion income in the first quarter of 2013 4/23/2013
First Metro Investment Corporation realized a consolidated net income of P2.3 billion in the first quarter of 2013.
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First Metro Annual Stockholders' Meeting 4/22/2013
First Metro Investment Corporation recently held its 2013 Annual Stockholders’ Meeting. Read More
GT Capital's P21.567 billion IPO wins Deal of the Year 3/15/2013
The country’s second largest IPO in history won the Philippines Capital Markets Deal of the Year from the International Financing Review-Asia (IFRAsia) in its 2012 Review of the Year Awards.
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First Metro dominates PDS awards 2012 3/5/2013
First Metro Investment Corporation reaped six awards from the The Philippine Dealing System Holdings Corp. & Subsidiaries (the PDS Group) Annual Awards.
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Team UP-Cebu leads collegiate stock market challenge 3/5/2013
A team from a university in Cebu leads the crop of participants in this year’s Stock X Challenge.
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FirstMetroSec brings Philippine companies to the DBSVickers Pulse of Asia Conference in Singapore 2/25/2013
FIRST METRO SECURITIES BROKERAGE CORPORATION (FirstMetroSec) brought three Philippine listed companies to this year’s Singapore leg of the Pulse of Asia Conference organized by DBSVickers Pte. Ltd. (DBSVickers).
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First Metro Investment posts P3.3 billion income in 2012 2/14/2013
First Metro Investment Corporation ended the year 2012 with a stellar performance as it realized a consolidated net income of P3.3 billion. This is 50.0% or P1.1 billion higher than the P2.2 billion net income of the previous year. Return on equity stood at 25.0%.
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Roubini speaks at the Philippine Investment Summit 2013 2/8/2013
Dr. Nouriel Roubini, an internationally renowned economist, discussed his outlook and analysis of the Philippine economy at the Philippine Investment Summit 2013 organized by First Metro Investment Corporation.
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First Metro wins fourth consecutive Best Bond House award 2/4/2013
First Metro Investment Corporation was chosen for the fourth consecutive year as the Best Domestic Bond House in the Philippines by the Asset Publishing and Research Ltd. in its Triple A Country Awards for 2012.
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Philippines on the Rise 1/7/2013
First Metro Investment Corporation has a very optimistic outlook for the Philippine economy for 2013.
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