There are lots of positive developments at the moment, with economic growth continuing to be very strong and liquidity flowing into the country. I expect the strong rally to continue.

The tax is a one-off. As long as interest income and fee income are good, the operating side is doing fine.

This is not the first time that something like this has happened in the Philippines. If your view is that the fundamentals are improving, then this short-term political instability is a good buying opportunity.

The economy is picking up and corporate profitability has recovered.

Driven by national interests, the company will be on the lookout for acquisitions.