Improved sentiment signals PSEi reversal
In our previous article, we concluded that the vaccine rollout is the catalyst that will turn the tide for Philippine capital markets and the economy (see Improving Vaccine Rollout, May 24). We also noted that if the government implements the mass vaccination program efficiently, the PSEi may recover its losses and catch up with its Asian counterparts.
After a slow start, the pace of vaccination picked up considerably in May. Philippine health officials administered a record 229,769 vaccines on…
