PHL could benefit from shift away from US assets – ANZ

THE PHILIPPINES may benefit from potential intra-regional flows as more countries in Asia shift away from dollar assets and diversify their portfolios due to skepticism over US economic policy, ANZ Research said.

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“However, potential inflows will extend more broadly to economies like India, Indonesia, and the Philippines, depending on investor risk appetite, return expectations, and absorptive capacities,” ANZ said in its Asia Insight report on Tuesday.

ANZ said more countries in the region have started a gradual shift away from US portfolio assets.

It cited the tariff and immigration policies, the potential passage of the ‘One Big Beautiful Bill’ and issues with institutional efficiency, which threaten to add $3.3 trillion in debt.