BSP policy tightening to cap profits – HSBC

The tightening of the central bank’s monetary policy is likely to weigh down corporate earnings in the months ahead, leading to a moderation of economic growth, although the Philippines will remain a bright spot in Emerging Asia, global bank HSBC said in a forecast.

The Philippines continues to offer premium to investors in terms of its positive growth outlook for the long term, but immediate prospects are constrained by inadequate infrastructure to support a growing population and increasing incomes, the bank said.