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Fitch affirms country’s investment grade rating, stable credit outlook
Fitch Ratings has affirmed Manila's triple B (BBB) credit rating, which is above the minimum investment grade, and has kept the outlook on the rating at “stable.”
Saving and real investments fell in 2020 as pandemic bites – BSP data
The country's so-called flow of funds in 2020, which helps indicate whether the USD406 billion economy borrows from or actually lends money to the growth-producing economic sectors, show a sharp 26.1 percent drop in domestic saving to P3.7 trillion from P5 trillion in 2019.
Tenuous global outlook helps dampen 8-month foreign investor interest
Long-horizon foreign direct investments (FDI) in August proved marginally lower this year at only USD789 million from year-ago level of USD792 million, the Bangko Sentral ng Pilipinas (BSP) reported on Friday.
Agriculture helps GDP growth; DA moves to ensure larger share
The growth of the farm sector in the third quarter is a clear signal that the Department of Agriculture (DA) needs to step up efforts to significantly increase food production and modernize the sector that provides jobs for one in every four Filipinos.
Philippines GDP expands 5.9% in 3Q, fastest among Asia’s emerging economies
The domestic economy gathered pace in the third quarter as all major sectors of the economy—services, agriculture and industry—printed growth while consumer and government spending gathered momentum.
