Tag: investment
American Committees on Foreign Relations Laud PH Performance
WASHINGTON, D.C.—The economic miracle that has transformed the Philippines from a basket case into an emerging tiger has earned plaudits from the prestigious American Committees on Foreign Relations (ACFR). In a statement, the Philippine Embassy said ACFR members who were in Washington D.C. for their 18th Annual Conference gave the thumbs up for the Philippines [...]
Malacanang cites S&P credit upgrade for strengthening peso
Malacanang cited international credit rating firm Standard & Poor’s (S&P) recent credit upgrade of the Philippines for the strengthening peso. In a press briefing aired over government-run radio station dzRB Radyo ng Bayan, Deputy Presidential Spokesperson Abigail Valte said that with the credit upgrade, the Philippine Peso now ranks third on the list of best [...]
PHL receives investment grade rating from Standard & Poor’s
The Philippines today received investment grade rating from international credit rating agency Standard & Poor’s. In a statement released by the agency, the country’s sovereign long-term foreign currency rating was upgraded from “BB+” to “BBB-“ with stable outlook. This upgrade by S&P comes after the Philippine sovereign received its first investment grade rating from Fitch [...]
Macau group signs $600-M PHL casino deal
MANILA, March 15, 2013 (AFP) – Macau mogul Lawrence Ho’s gaming firm signed an agreement Friday to invest $600 million in a giant casino project in Manila, boosting the Philippines’ bid to join the world’s gambling big leagues. The investment in the Belle Grande integrated gaming resort is Melco Crown Entertainment’s first venture in the [...]
Improving global economy seen to bode well for Philippine growth
The Philippine economy is seen to continue on its record-breaking upward trend and become the “standout” economy in Southeast Asia in 2013 as the economies affected by a global recession improve, world renowned debt watcher Standard & Poor’s (S&P’s) and British banking giant Standard Chartered Bank said in separate reports recently. S&P’s said it projects [...]
Coloma cites Aquino government’s five-year digital strategy to provide Filipino people reliable, affordable, secure information access
Presidential Communications Operations Office Secretary Herminio “Sonny” Coloma Jr. said President Benigno S. Aquino III’s government has adopted a five-year digital strategy to provide the Filipino people a reliable, affordable and secure information access in the Philippines. Speaking at the World Summit on the Information Society (WSIS) + 10 Review Event, High Level Panel: Towards [...]
PH Seeks Increased Trade with Virginia
VIRGINIA BEACH—The Philippines is urging officials of the Commonwealth of Virginia to send business delegations to Manila and explore trade and investment opportunities in what is touted to be Asia’s new tiger economy. Ambassador Jose L. Cuisia Jr. made the pitch during his meeting with Virginia Secretary of Commerce and Trade Jim Cheng, State Delegate [...]
Aquino underscores need for enhanced economic ties between Asia and Europe
VIENTIANE, Lao People’s Democratic Republic (Mabuhay) –– Citing the importance of a reinforced Asia-Europe economic partnership, President Benigno S. Aquino III called for enhanced economic ties between Asia and Europe, saying that it is to the mutual benefit of the two regions. The Chief Executive made the statement during the First Session of the 9th [...]
Cuisia Welcomes GE Plans to Make Smart Grid Technology Banner Project in PH
WASHINGTON D.C.–The Philippine Embassy has welcomed General Electric’s plans to make smart grid technology its banner project for the Philippines, saying this would not only bring down electric costs but would also help make the country more attractive for investments. In a statement, Ambassador Jose L. Cuisia Jr. welcomed GE’s plan to introduce smart grid [...]
Advent signals Christmas is just around the corner
by: Ray Andres Thanksgiving Day signals the “official” start of the Christmas season in this part of world where the following day, a Friday, has been dubbed as the “Black Friday” when merchants hope to generate good businesses to brighten up their accounting books. It is also an important day to provide them an opportunity [...]