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...
What reforms can boost capital flows into the country and increase foreign direct investment (FDI)?
A diverse country with an intriguing history, the Philippines today is a multi-party, democratic republic, open to foreign investment, and integrated within the regional and international political and economic community. The presidency of Benigno S Aquino III, begun in 2010, has seen continued economic growth and some important breakthroughs in...
What challenges do ASEAN countries face before inaugurating the Economic Community in 2015?
In the third quarter of 2013, the Philippines was one of the best-performing economies in the region, second to China (7.8%) and outpacing Indonesia (5.6%), Vietnam (5.1%), Malaysia (5.0%) and Thailand (2.5%). Its GDP was up 7% year-on-year, the fifth consecutive quarter that growth was at least 7%. The Philippines has been laying the groundwork for...
What reforms need to be enacted to generate a more investment-friendly legal framework?
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