Biz Progress

Global investment bank UBS has upgraded its economic growth forecast for the Philippines this year from 4.5 percent to 6.3 percent, and from 4.9 percent to 5.6 percent for 2014.

The Philippines is among Asia-Pacific nations seen bucking the trend of slowing growth in the region, debt watcher Standard & Poors said.

Job-creating foreign investments in the Philippines jumped by 127 percent year-on-year last February, according to the Bangko Sentral ng Pilipinas (BSP).

The Philippines on Tuesday received its third investment grade credit rating – this time from the Japan Credit Rating Agency Ltd. (JCRA).

The Philippines won its second investment grade credit rating, this time from Standard & Poor’s (S&P) due to the country’s strong economic fundamentals

The Philippine stock market is one of the “hottest” in the world so far this year, according to a CNN report. On the CNN Money website, the Philippine Stock Exchange index

The local property market remains buoyant on the back of “momentous” economic growth and confidence arising from the Philippines’ new investment grade

Prudential Corporation Asia (PCA), the business unit of British financial services giant Prudential Plc, is “extremely” optimistic

The Philippine economy is seen to expand within the 6.5%-7% range this year and the next, Moody’s Analytics said in a report.

The Asian Development Bank (ADB) raised its economic growth forecast for the Philippines this year to 6% from the previous 5%.