Political uncertainty in the Philippines, we expect that to happen from time to time. It’s a given. The market is very thin. Even in the best of times, (foreign) fund managers don’t tend to go...

The issue is whether there’s another increase following the one in May.

The market is very thin. Even in the best of times, fund managers don’t tend to go crazy over the Philippines because liquidity is so tight in the secondary market.

Investors may expect DRAM prices to increase in the next three to six months as demand rises.

The question mark is whether the Fed will stop or whether they will continue. If they continue past May, that’s not priced in by the market, and equity investors will be disappointed by that.