Predictions for 2008
(Babble On column for the Sunstar Davao, Friday Dec. 28, 2007)
It’s the end of the year and it’s time for writers and columnists to write about what they think will happen next year in 2008. Here are my bold predictions:
1.) More Political Storms Will Rock the Philippines – Every year there is always some big political event which rocks the nation’s stability. This year it was the Trillanes takeover of the Peninsula, the ZTE brouhaha and accusations of electoral fraud during the elections, among others. In the previous years we had wire-tapping scandals, grave charges of corruption and a lot more. I don’t believe the next year will be any exception. Heck we’ve gotten so used to political scandals in our country, it already feels like a normal event. Which is sort of sad, actually. But that’s Philippine politics for you.
2.) The Philippine Stock Market Will Go Up. – After a very turbulent year for the market, I believe that next year, it will shoot up. I know the market remains volatile and I may sound too optimistic, but stock brokers seem to agree with my upbeat prediction.
Analysts from the Abacus Securities Corporation believe that the Philippine Stock Exchange (PSE) Index will rise to 5,000 by the second half of 2008, if not sooner (as of this writing, the index is hovering around the 3,500-3,600 mark).
Stockbrokers aren’t the only ones upbeat about the market. Big time companies Cebu Pacific and Pepsi-Cola Philippines plan to list in the market come 2008. The message is clear: it’s time to invest in the stock market. We just have to be careful about it, of course. Read the rest of this entry »

