Asia

Philippines-The Philippine government has recently been making positive noises about establishing a framework from which securitization could develop, but again, skepticism reigns among industry analysts in the region. They insist that although the mind may be willing, the country is still a long way off its aims. But an economy in desperate need of funds, and a government looking at any means possible to secure this, should increase the possibility of an active asset-backed market developing, sources say.

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