In late February, I was contacted by Mr. Agutaya, a Philippine Certified Public Accountant. He asked what I thought of investing in the Philippines. I knew nothing. So we did a little research. We found that from a macro economic perspective, the Philippines compare favorably to other Asian countries[1]. We then urged readers to look carefully at The Aboitiz Power Corporation (PSE: AP), a company that has been actively acquiring electrical power plants the government is selling off as part of its “privatize the energy sector” policy[2]. We also believe there is an attractive coal investment possibility in the Philippines, and that is discussed below. more »

Previously, I have urged readers to bet against the US dollar and have a hedge against higher oil prices. Investing in Aboitiz Power Corporation in the Philippines accomplishes both objectives.IntroductionIn late February, I was contacted by Mr. Agutaya, a Philippine Certified Public Accountant. He asked what I thought of investing in the Philippines. I knew nothing. So we… more »