Investments may now play a bigger role in the Philippines’ economy replacing consumer-led growth, says Bank of the Philippine Islands (BPI) President and Chief Executive Officer Cezar P. Consing. In a recent gathering of finance and treasury leaders, the leader of the country’s first and top bank said the contributors to economic growth are changing […]
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Philippines wins Fitch credit rating upgrade, vote of confidence on economic reforms
Fitch Ratings raised the Philippines’ sovereign rating by one level, from BBB- to BBB, with a stable outlook, amid favorable economic conditions and planned tax reform. The upgrade of the Philippines’ sovereign rating is important as it would bring down the costs of overseas borrowing for Filipino companies. Also, it will bring down the cost […]
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