Philippine share prices reached a 13-month high on Tuesday as investor anxiety over the possibility of a ‘Brexit’ substantially eased and was replaced by local optimism about the next administration’s economic program, analysts said.
The mining and oil sub-index, however, bled significantly as Regina Paz Lopez of ABS-CBN Foundation, a known anti-mining advocate, has been tapped as the next secretary of the Department of Environment and Natural Resources (DENR).
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