By Qingzhen Chen With presidential elections in the Philippines less than a year away, uncertainty regarding the future of economic policies has caused investors to remain cautious. The Philippines have experienced huge improvement under President Aquino’s administration. His administration’s economic reform has led to solid economic growth, and his anti-corruption campaign has improved governance. Last year, … Continue reading
Moody’s Investors Service said on Tuesday that the Philippine government’s sovereign rating of Baa2 is supported by improvements in government finances alongside ongoing debt reduction in addition to benefiting from low oil prices. “The country has favorable prospects for strong economic growth, and as a net oil importer, stands to benefit from a prolonged period of lower oil … Continue reading
By Gilberto M. Llanto The Philippines never had it so good. But with a slowing global economy and an election coming up in 2016, what can it expect from the future? The economy has been performing creditably. GDP grew at an average of 5.9 per cent over the last three years amid a lingering global … Continue reading