Of all the free trade agreements (FTA) signed and in negotiation, the Trans-Pacific Partnership (TPP) promises to do the most to improve the fortunes of the Philippines. It will not only lift trade numbers, which is vital if the country is going to grow enough to reach its economic targets, but it will also force it to make a number of difficult...
Markets in the Philippines have been performing well for a number of years. The country’s benchmark stock index was up 63% in 2009, 38% in 2010, 4% in 2011 and 33% in 2012. Among Asian equity markets, the Philippine Stock Exchange (PSE) was the second best performer in 2012 ( just behind Thailand, with a 35.8% gain). It hit 38 all-time records that...
Citing solid growth, political stability, greater accountability and a low level of exposure to external shocks, Moody’s has joined Standard & Poor’s and Fitch in assessing the Philippines’ sovereign credit rating as investment grade, with the agency holding out the possibility of a further upgrade. On October 3, 2013 Moody’s announced it was...
Already producing more than one-quarter of its electricity from renewable energy sources, the Philippines has a proven track record in developing large-scale, economically viable green energy projects. But while earlier power plants have consisted almost exclusively of hydro and geothermal power, the country’s new National Renewable Energy Programme...
The Philippine banking sector has strengthened significantly in recent years, tracking general economic trends and benefitting from prudent measures put into place over time to boost capital and improve supervision, corporate governance and transparency. Most institutions are now in good shape. They are both profitable and sound, able not only to...
THE COMPANY: Philippine Long Distance and Telephone (PLDT) was founded in 1928, and currently stands as the leading telecommunications provider in the Philippines. Through its three principal business groups – fixed line, wireless, and information and communications technology (ICT), PLDT offers the...
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