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Home » Archives » 03. October 2008

RP can ride out US financial crisis: experts

October 3, 2008
Written by Lala Rimando   
Tuesday, 30 September 2008

While the financial markets in the US and Europe go through days of wild roller-coaster ride as they seek solutions to trillion dollar-worth toxic mortgages, Philippine analysts and regulators continue to hammer messages that could be summed up with this: Relax.

Markets all over the world, especially in the US, Europe, and some Asian exchanges, plunged immediately after the US congress thumbed down Monday the proposed $700 billion bailout plan that was supposed to solve the core of the mortgage problem that rippled to various financial players beyond the banking system.
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