Nomura: Philippines’ Growth Prospects Vindicated
A Nomura Holdings Inc. research note indicated recently that the promise for a continued economic growth for the Philippines will remain true, a vindication of earlier local and foreign experts’ upbeat growth assessments of the state of the country’s economy that is seen to expand at the second-fastest pace in Asia afer China. Japan-based Nomura’s […]
More Japanese Investments to Philippines Seen
Sumitomo Coporation, the Japanese firm that operates and develops industrial parks, raved about the country’s attractive tax incentives, as well as the Philippines’ rich competitive workforce skilled in conversing using the English language as keys of the stronger than ever exporting potential of the nation. The Star’s columnist, Boo Chanco noted of the wide attention […]
Philippines’ less dependence on foreign funds praised by Moody’s
The Philippine government’s less reliance on foreign funds to support its operations reflects liquidity in its domestic economy and reduces exposure to foreign exchange risks, according to the latest report from Moody’s Investors Service. Among other emerging markets in Asia, the Philippines was praised by Moody’s for their “low dependence on foreign-currenty-denominated external financing.” In […]
Standard Chartered Predicts Continued Growth for the Philippines This Year
Standard Chartered Bank, the longest serving foreign bank in the country, predicts that the Philippines will continue to experience economic growth this year, further adding that it is bullish the country will continue to post “above-trend levels over the next two to three years.” In its latest report on the Philippines, the financial institution expresses […]
More PH Reform Bills Needed to Boost Investments
The passage of reform bills that will address fiscal incentives, investment and profit-sharing setup of certain sectors with the government, along with improved infrastructure development programs are keys to boosting the business climate of the Philippines. The Trade and Industry Secretary Gregory Domingo echoed these sentiments during the Arangkada Philippines Forum 2013 organized by the […]
Fortune 100 firm eyes Philippines for expansion plans
Safeway, one of the largest food and drug retailers based on sales in the United States is eyeing the Philippines as a strategic destination to expand its global operations, according to the Department of Trade and Industry. The opportunities in the business outsourcing industry sector that can add significant value to the global operation of […]
Standard & Poor’s keeps its “stable” outlook on Philippine Banks
Standard & Poor’s keeping its “stable” outlook on the Philippines’ banking sector, citing a vibrant economy that helped spur growth in the bank loans, including improvements in asset quality. A stable outlook means that the international rating agency sees no pressing factors that can warrant either an upgrade or downgrade in the credit ratings of […]