Bloomberg: Philippines' Inflation Negative; Weak Peso Benefits Economy

Source: Bloomberg Business Week  Negative Rate Signals Philippines Still Behind the Curve The second rate increase  in two months isn’t going to help the beleaguered peso The Philippines stands out as the only country with a negative inflation-adjusted benchmark rate among Asian peers that have raised borrowing costs...

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Philippine Economy is the Strongest in the World - Findings of Washington USA Think Tank

Philippines has most resilient economy – study (CNN Philippines) — Should an economic crisis akin to last decade's Great Recession happen again, the Philippines would be the most "resilient" country and be able withstand it, despite its status as an emerging-market economy. That's the assessment of Center for...

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Philippines to attain 7 to 8% economic growth in 2015: central bank

MANILA, Philippines (Xinhua) - Governor of central bank Amando M. Tetangco, Jr. said today that the government's 7 to 8 percent economic growth target in 2015 is attainable.This is because "domestic demand remains firm and supported by brewing production efficiency and robust labor market dynamics," Tetangco said during...

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The fuel for the Philippines as the Shining pearl to global investors

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Taking a look of the millions of Filipino Professionals who are not hesitant to accept jobs lower from their level of educational attainment, or other Filipinos who landed the match job of their profession makes the Philippines as a funnel from hard working people overseas to build the...

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Malaysia Shocked Philippines Pledge $1 Billion Dollars to IMF to help European Crisis

In the opinion posted by the NewStraitsTimes a Malaysian online news website, it really surprised that the Philippines is now afford to pledge $1 Billion USD Dollar to the IMF to help the European crisis.AT the recent G20 Leaders' Summit in Los Cabos, Mexico, 12 countries committed US$456...

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S&P Raises Philippines’ Credit Rating “BB+” to 9-Year High

July 5, 2012: The Philippines' debt rating was raised to the highest level since 2003 by Standard & Poor's, taking President Benigno Aquino nearer his goal of attaining investment grade.The nation's long-term foreign currency-denominated debt was raised one level to BB+ from BB, S&P said in a statement...

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Charoen Pok-phand Group will Invest ₱1.45 billion in the Phl

Investment: Thai agriculture firm Charoen Pok-phand (CP) Group will be investing ₱1.45 billion in the Philippines and will hire 1,800 more employees while the Siam Cement Group (SCG) said they will infuse an additional P1 billion to expand its operations in the country, the Department of Trade and...

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Philippine Export growth rises to 19% $4.3 Billion in April 2011

Business & Economy: Philippines - Merchandise exports rose by an annual 19.1 percent in April 2011, their fastest growth rate this year, as shipments to Japan remained strong despite the natural and nuclear disasters there,  as announced by the Govt last Thursday June 9, 2011.The Philippines’ export bill...

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Net FDI Investment in the Philippines Inflows surge 142% in Q1 - BSP

The Banco Central Sa Pilipinas / Bangko Sentral ng Pilipinas (BSP) reported  June 9, 2011 that net foreign direct investment (FDI) inflows surged 142 percent in March as equity infusion more than doubled while withdrawals declined.BSP Governor Amando Tetangco Jr. said that net FDI inflows amounted to $167...

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Bank loans in the Philippines up 14.2% to P 2.42 Trilion as of April 2011

Economy: The Bangko Sentral ng Pilipinas (BSP) reported yesterday that bank lending continued to post double-digit growth in April despite the economic slowdown experienced in the first quarter of the year.BSP Governor Amando M. Tetangco Jr. said in a statement that bank loans grew 14.2 percent to P2.423...

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New Philippines digital plan to highlight National Information & Communications Technology ICT Month

The celebration of National ICT Month is mandated under Presidential Proclamation No. 1521 (Series of 2008), declaring every month of June as National ICT Month.The month-long celebration features events and activities organized by government and the private sector.For its part, the CICT, together with various industry associations, will...

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Chinese firms urged to locate BPO functions in Philippines

The Board of Investments is urging Chinese companies to put up business process outsourcing facilities in the Philippines, so that they can take advantage of the support that highly skilled English-speaking BPO personnel can provide for their businesses.Coming from a recent investment promotion trip to China, BoI managing...

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WORLD Bank ranked the Philippines among world's top service exporters

The World Bank has ranked the Philippines among the best performers in the services exports, particularly in the business process outsourcing (BPO) sector, but urged further reforms in the travel and tourism sector if the country intends to sustain growth moving forward.World Bank senior trade economist Sebastian Saez...

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Standard Chartered revised up 2011 economic growth forecast for the Philippines to 5.7 percent

Economy: British-owned Standard Chartered Bank revised upwards its 2011 economic growth forecast for the Philippines to 5.7 percent from the original 5.4 percent.In a research note, Standard Chartered economist Vincent Tsui said the investment bank raised the country’s GDP growth forecast to 5.7 percent instead of 5.4 percent...

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