Market eyes new catalysts from Dutertenomics, Asean meetings

MARKET-MOVING developments are likely to crop up when new details of the so-called Dutertenomics are revealed and from 30th Association of Southeast Asian Nations (Asean) Summit and related meetings this week.

“Market players will the check details surrounding the Dutertenomics, especially the highlights of expanding the percentage share of infra spending to 5.7 percent of gross domestic product. Such will be balanced out by financing options, in a way that will not overcrowd government’s expected fiscal deficit,” online brokerage firm 2TradeAsia said in a note.