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IMF, S&P raise PH growth forecasts

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PHILIPPINES-WEATHER-TYPHOON-UN

The International Monetary Fund (IMF) has raised its growth forecast for the Philippines for this year, supported by higher demand due to reconstruction-related efforts in Visayas.

Posted: March 27th, 2014 in Editor's Pick,Headlines | Read More »

S&P warns against impact of territorial disputes

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Standard & Poor’s has warned against the potential damage that territorial disputes involving the Philippines, China and a few other Asian countries could eventually bring to their economies.

Posted: February 15th, 2014 in Headlines | Read More »

S&P rules out repeat of Asian financial crisis

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Asian economies have gotten stronger and are now better equipped to deal with volatility in financial markets caused by the repatriation of foreign funds that flowed into the region over the past four years.

Posted: August 28th, 2013 in Editor's Pick,Headlines | Read More »

Sustainability of reforms after 2016 worries S&P

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The Philippine economy may be one of the world’s investment darlings for now, but this optimism may be short-lived amid concerns over the government’s ability to sustain reforms after President Aquino steps down in 2016.   Standard & Poor’s said in a recent report that the change in presidency in 2016 posed the risk that [...]

Posted: August 20th, 2013 in Headlines | Read More »

S&P raises PH growth forecast

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Debt watcher Standard & Poor’s (S&P) has raised its growth forecast for the Philippines, which is now expected to outpace other Asian countries suffering the brunt of weak demand from developed nations.

Posted: July 30th, 2013 in Headlines | Read More »

S&P gives PH second credit ratings upgrade

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AP FILE PHOTO

The Philippines is on a roll. After being given bullish growth outlooks from various institutions and getting its first investment grade from Fitch Ratings, another international credit-rating agency placed the country, on Thursday, in the investment status.

Posted: May 3rd, 2013 in Latest Business Stories | Read More »

PH stock index rises as S&P gives PH investment-grade credit rating

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photo from pse.com.ph

Local stocks trekked higher for the fifth straight session on Thursday as investors correctly anticipated that the Philippines would bag an investment grade rating from a second global credit watcher.

Posted: May 2nd, 2013 in Latest Business Stories | Read More »

Investors await ratings move of Moody’s, S&P

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The investment grade rating on the Philippines’ long-term foreign currency credit may usher in greater inflow of “hot money” as investors seek instruments that are more secure and promise decent yields.

Posted: April 30th, 2013 in Headlines | Read More »

S&P seen to follow investment upgrade

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AP FILE PHOTO

American banking giant Citigroup expects Standard & Poor’s to affirm Fitch’s recent Philippine sovereign investment upgrade by likewise raising the country’s credit bar.

Posted: April 1st, 2013 in Editor's Pick,Headlines | Read More »

S&P 500 index within reach of a record high

In this Monday, March 25, 2013, file photo, Specialist Mario Picone, left, works with traders at his post on the floor of the New York Stock Exchange. Renewed jitters about Europe's debt crisis sent world stock markets lower Thursday March 28, 2013. (AP Photo/Richard Drew, File)

Stocks are little changed in early trading on Wall Street. The Standard & Poor’s 500 index is just below a record high.

Posted: March 28th, 2013 in Latest Business Stories | Read More »

US accuses S&P of fraud in mortgage bond ratings

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AP FILE PHOTO

US Justice Department officials Tuesday accused Standard & Poor’s of fraud for inflating the ratings of mortgage bonds before the 2008 crisis, costing federally insured institutions at least $5 billion in losses.

Posted: February 6th, 2013 in Latest Business Stories | Read More »

S&P faces US gov’t suit over 2007 mortgage bond ratings

Standard & Poor's

The US Justice Department plans to sue Standard & Poor’s over its rating of mortgage bonds prior to the 2008 financial crisis, S&P said Monday.

Posted: February 5th, 2013 in Latest Business Stories | Read More »

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