Foreign direct investments yield $481M net inflow in June, up 7.1% — BSP

MANILA, Sept 16 (Mabuhay) — Foreign direct investments (FDI)—investments made by foreign companies or individuals in the Philippines— saw further improvement in June amid the easing of lockdown restrictions during the period, the Bangko Sentral ng Pilipinas (BSP) reported...

ADB lowers PHL growth forecast in 2014, 2015 due to inflation, gov’t spending

MANILA (Mabuhay) – The Asian Development Bank (ADB) has lowered the growth outlook for the Philippines, citing a slowdown in government spending, higher inflation and monetary tightening, all of which may dampen economic activity. In the latest edition of Asian Development...

PHL receives investment grade rating from Standard & Poor’s

The Philippines today received investment grade rating from international credit rating agency Standard & Poor’s. In a statement released by the agency, the country’s sovereign long-term foreign currency rating was upgraded from “BB+” to “BBB-“ with stable outlook. This...