The peso is seen stronger in the coming months and the country's stock of foreign-exchange reserves, already past the year's target, should climb still higher, among other positive benefits of the global economy now believed recovering from an economic downturn, Bangko Sentral ng Pilipinas Governor Amando Tetangco Jr. said. He told a meeting of the American Chamber of Commerce membership at the Makati Shangri-La Hotel, the economy stands to benefit from incipient growth reported across many countries as a signal of confidence among investors, even as fund managers from these places begin exploring opportunities from emerging markets like the Philippines.
