PH is now Asia's strongest-performing economy, says expert

[b1 huck]

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wa nako na feel nga ni strong atong economy..

[jack_bauer]

you can even credit this news to my lolo marcos but you cant deny the fact that it is still a good news for us.

some of us discredit the good things bcoz we tend to associate it with whose on the position. pwede dli nato sagulan ug political color?

SO, walay lami man gd kung dili mg yellow-yellow...

[PaYaSo]

SO, walay lami man gd kung dili mg yellow-yellow...

OT
maldito gyud ka jack. pwerting sinawa na gyud sa lubot ni Pnoy tungod nimu

[jack_bauer]

update..

Phl can grow by over 5% yearly - IMF - Yahoo! News Philippines

“Certainly we see the potential for the Philippines to raise its growth rate well above five percent over the medium term,” said Anoop Singh, director of the Asia and Pacific Department of the IMF.

[Romeojin]

^ wa gyud yung 8% target ?

[MetalManiac]

i think only the rich people felt this not the poor ones.

[eezychair]

update..

Phl can grow by over 5% yearly - IMF - Yahoo! News Philippines

“The Philippines has always been a nation where the fruits of growth tend to be shared less equally,” said Mr. Dawe. “The poverty rates have just not gone down all that much for its rate of GDP growth, so you don’t have as much impact on undernourishment.”

Hunger Plunges Everywhere in Southeast Asia, Except the Philippines - Southeast Asia Real Time - WSJ

Unsaon nalang nang 5% GDP growth ug daghan gihapon ang gipanggutom.

[Coke Zero]

Unya nako maka ingon na ni assenso and economy sa pilipinas kung ang mga sweldo sa mga tawo mo taas doble... naka adto nako sa lain country around philipines and middle east, why maka kita man ka ug mga pinoy nga skilled workers like painter just like my friend maka afford man palit ug LED tv samsung, laptops and other appliances with out hesitation kung mo palit... nya the fact is dli barato ang appliances ug uban gadget outside philippines... dako lang jud ang sweldo mao ang mga pinoy maka pa tuyang... unlik sa pilipinas ubos unta mga panaliton pero mas ubos jus ang sweldo... how sad...

[eezychair]

S&P: Investment rating not expected soon - Manila Standard Today

Standard & Poor’s Rating Services said Thursday the Philippines will have to wait two-and-half years before attaining an investment-grade credit rating.

The international credit rating agency said in a report titled The Race To Investment Grade: Indonesia and the Philippines that both countries “have some weaknesses to address before they are likely to break into the investment-grade rating category.”

It issued the report as the Philippine government expressed hope it would receive a new upgrade in its rating from the debt watchers this year or next.

S&P, however, noted that on average, it took 2.5 years for a credit rating to move from ‘BB+’ to ‘BBB-’, based on historical performances.

S&P raised the Philippines’ long-term foreign currency sovereign credit rating to ‘BB+’ from ‘BB’ with a stable outlook on July 4.

“The stable outlook on the Philippines indicates that risks to the ratings are balanced,” said S&P credit analyst Agost Benard.

S&P said both the Philippines and Indonesia had low per-capita income levels, which remain a rating constraint.

“The wealth levels in Indonesia and the Philippines imply a low revenue base for the government to draw on, significant human and physical capital shortcomings, and hence less fiscal and political flexibility to modify policy to avoid default in the event of adverse economic developments,” Bernard said.

Benard noted that the Philippines had narrowed its fiscal deficits, lessened its reliance on foreign savings and rationalized the public sector. He said a more conducive political setting replaced the turbulent and obstructionist environment that prevailed for well over a decade.

He said while the continued strength of remittances was a positive factor for the Philippines’ external position and rating, large inflows of remittances were a sign of failure since it implied that “all people have to go to abroad to search for employment”.

“Given the Philippines’ demographic profile and decades of low investment levels, the economy appears unable to absorb the nation’s supply of labor. We account for this weakness in our appraisal of the country’s economy. That said, the Philippine overseas labor force is well diversified in terms of geography and skill sets,” Bernard said.

The S&P report, however, said the Philippines had a weak fiscal profile and high interest burden on public debt, owing to a narrow revenue base and the large portion of expensive commercial debt.

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Unless the unemployment scene improves, the claim of being the strongest remains hallow and worthy of praise only by those who have tunnel vision focused only on what is being fed, and not what is being felt by those who really matter.

[eezychair]

Where does bragging about the improving economy lead the country if it cannot even improve on making it easier to do business in the country.
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"In its 2013 Ease of Doing Business report, the World Bank said the Philippines' ranking slid to 138 from last year's 136. This was the country's second consecutive drop after landing on the 134th place in the 2011 report. The 2013 report ranked 185 locations."

"Among its indicators are starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting investors, paying taxes, trading across borders, enforcing contracts and resolving insolvency."
For 2nd year, PH did not improve in World Bank list of business-friendly locations - InterAksyon.com
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To think that fees are now anticipated to increase!