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Foreign investments surge 62% in September
MANILA, Philippines — The Philippines continued to book higher foreign direct investments (FDIs) for the fifth straight month, surging 61.8 percent in September on the back of the country’s strong macroeconomic fundamentals and high growth prospects.Buoyed by investor confidence in the Philippine economy, the Bangko Sentral ng Pilipinas (BSP) reported that net FDI inflows reached $754 million in September, $288 million higher than the $466 million recorded in the same month last year.XThis was the fifth straight month since Apri... Nomura raises 2018 PH growth forecast
Japanese financial giant Nomura has raised its 2018 growth forecast for the Philippines while projecting four interest rate increases next year on expectations that the inflation rate could exceed the government’s target range.In a Dec. 7 report titled “Asia in 2018: Stretching the sweet spot,” Nomura said that it was most upbeat on economic prospects for the Philippines, India and Indonesia next year.In the case of the Philippines, Nomura said it still viewed the growth outlook as solid and raised its 2018 gross domestic product ... China petrochem firm eyes expansion in Philippines
MANILA, Philippines — A Chinese petrochemical company is keen on expanding in the Philippines, adding to the growing list of business intentions and expansion projects being received from large companies based in China, the Department of Trade and Industry (DTI) said.Trade Secretary Ramon Lopez said Handi Group president Hanling Wu discussed with him in a recent meeting the possibility of the company investing in a petroleum refining and petrochemical manufacturing facility in the country.By Richmond Mercurio (The Philippine Star) | U...
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PH bags credit rating upgrade from Fitch

Int’l debt watcher favorably cites PH’s macroeconomic outperformance, Duterte’s bold infra, tax reform plan  
 
Fitch Ratings has upgraded the long-term foreign currency rating of the Philippines to “BBB” from the minimum investment grade of “BBB-.”
The new rating is assigned a “stable” outlook, which mea...
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