International Investing

From WSJ (unfortunately link is only for subscribers):

Shares at the Philippine Stock Exchange are trading near their highest levels in nine years. The benchmark index has risen 29% since the beginning of the year, making it one of the fastest-rising markets in Asia. The peso is strengthening against the dollar, adding to the returns of dollar-based investors
…

The buoyant stock market, driven by falling interest rates and increasing confidence in Manila’s financial management, is unleashing a spurt in business activity. Banks are offering 25-year mortgages at fixed rates for the first time, while companies are obtaining long-term loans at rates they never could have secured last year. This in turn is stimulating investment and raising expectations of improved corporate results and higher stock prices.

Previously we covered investing in: Vietnam and South Korea