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RP growth forecasts cut anew

Source: Business World

Manila : Philippines | 8 months ago

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Philippines and other Southeast Asian nations have been trimmed by major investment banks, which cited the global downturn’s toll on exports, investments, and remittances. Credit Suisse said the Philippines would likely post gross domestic product (GDP) growth of just 1.5% for the year, while...

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News Stories

‘Negative’ outlook rate for PLDT--Fitch

News Source: Inquirer.net | 8 months ago

Global credit watchdog Fitch Ratings has placed a "negative" outlook on telecommunication giant Philippine Long Distance Telephone Co.'s local debt rating, citing limited headroom and the potential financial support required by new investee Manila...
RP growth forecasts cut anew

News Source: Business World | 8 months ago

Philippines and other Southeast Asian nations have been trimmed by major investment banks, which cited the global downturn’s toll on exports, investments, and remittances. Credit Suisse said the Philippines would likely post gross domestic product (...
Remittances may fall, cutting RP's growth goals

News Source: GMA News | 8 months ago

Money sent home by overseas Filipino workers (OFWs) may drop by as much as a third this year, cutting consumption demand and compromising the country's growth goals. Remittances may decline to $11.4 billion for 2009, Citibank said during its Asia-...