Philippine market tagged best in SE Asia on slowing inflation
In its Regional Market Outlook for the second half of the year, Singapore’s DBS Bank kept its 6,900 yearend target for the benchmark Philippine Stock market Index (PSEi). “Secret elements that weighed down the Philippine equities market in the last 24 months have actually turned beneficial,” DBS said in its report. READ: May inflation at 1.3%, lowest in
Inflation cooled to a five-year low of 1.3 percent in May from 1.4 percent in April due to lower utility expenses. It similarly noted that the Philippines had the finest financial development outlook in the area at 5.8 percent this year, versus Singapore’s 2 percent, Thailand’s 1.8 percent and Indonesia’s 4.8 percent. Revenues outlook for companies in the benchmark PSEi likewise remained intact at 11 percent this year and 7 percent in 2026, mainly because their income drivers still came from domestic operations.
Inflation cooled to a five-year low of 1.3 percent in May from 1.4 percent in April due to lower utility costs. It also noted that the Philippines had the best financial growth outlook in the region at 5.8 percent this year, versus Singapore’s 2 percent, Thailand’s 1.8 percent and Indonesia’s 4.8 percent. These resulted in a net export surplus of $5.3 billion, representing 1.2 percent of the Philippines’ gross domestic product. Revenues outlook for companies in the benchmark PSEi likewise remained intact at 11 percent this year and 7 percent in 2026, generally because their profit drivers still came from domestic operations.
