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ADB keeps Philippine growth outlook

Manila-based Asian Development Bank is keeping its economic growth outlook for the Philippines at 4.5 percent this year amid a sea of downgrades in Southeast Asia due to the resurgence of COVID-19 cases......»»

Category: financeSource: philstar philstarJul 20th, 2021

Fitch lowers outlook of Philippine banks to negative

New York-based Fitch Ratings has lowered from stable to negative the outlook for several government and private-owned Philippine banks due to downside risks to the country’s medium-term growth prospects amid the COVID-19 pandemic......»»

Category: financeSource:  philstarRelated NewsJul 20th, 2021

ADB keeps Philippine growth outlook

Manila-based Asian Development Bank is keeping its economic growth outlook for the Philippines at 4.5 percent this year amid a sea of downgrades in Southeast Asia due to the resurgence of COVID-19 cases......»»

Category: financeSource:  philstarRelated NewsJul 20th, 2021

Slow pace of COVID-19 jabs dims Philippine growth outlook

The still slow pace of COVID-19 vaccination in the country continues to dampen prospects for a strong economic recovery this year even as domestic activity is showing signs of a rebound......»»

Category: financeSource:  philstarRelated NewsJul 5th, 2021

Philippine growth forecast cut as downside risks remain

Singapore-based ASEAN+3 Macroeconomic Research Office further slashed its economic growth outlook for the Philippines this year as the country continues to face multiple downside risks in containing COVID-19......»»

Category: financeSource:  philstarRelated NewsJun 29th, 2021

IMF: PH economy to shrink 8%

The International Monetary Fund (IMF) downgraded its 2020 Philippine economic growth forecast on the back of the expected slowdown in private investment and consumption due to the coronavirus disease 2019 (Covid-19) pandemic. In its World Economic Outlook (WEO) report released on Tuesday, IMF said the country’s gross domestic product (GDP) is projected to contract by […].....»»

Category: newsSource:  manilatimes_netRelated NewsOct 15th, 2020

S& P lowers growth outlook on Philippines as lockdowns stunt rebound

Debt watcher S&P Global Ratings downgraded its growth outlook on the Philippines, as new lockdowns and the highly contagious Delta variant bring a new threat to the economy......»»

Category: financeSource:  philstarRelated NewsAug 19th, 2021

Maybank cuts Philippine growth forecast

Malaysian financial giant Maybank has slashed its second half gross domestic product growth forecast for the Philippines despite the expansion in the second quarter......»»

Category: financeSource:  philstarRelated NewsAug 16th, 2021

Philippine growth forecast further downgraded

More economists are now looking at a slower recovery from the recession this year despite the strong 11.8 percent gross domestic product growth in the second quarter......»»

Category: financeSource:  philstarRelated NewsAug 15th, 2021

Fitch downgrades Phl GDP outlook

Despite the double-digit economic expansion recorded in the second quarter of the year, Fitch Solutions made a downward adjustment in its outlook for the Philippines’ gross domestic product (GDP) for the full year 2021. “We have revised down our outlook for Philippines’ real GDP growth in 2021, from 5.3 percent to 4.2 percent, given the […] The post Fitch downgrades Phl GDP outlook appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsAug 11th, 2021

Philippine vehicle output, sales rise 2nd fastest in Southeast Asia

The Philippines posted the second fastest growth in motor vehicle production and sales in Southeast Asia in the first semester, registering double-digit increases from last year when demand for cars was affected by the strict lockdown imposed due to the coronavirus pandemic......»»

Category: financeSource:  philstarRelated NewsAug 9th, 2021

IMF: Philippines back to pre-pandemic expansion levels in 3 to 5 years

Multilateral lender International Monetary Fund expects the Philippine economy to return to pre-pandemic levels with an average gross domestic product growth of 6.5 percent in three to five years as the country gradually recovers from the pandemic-induced recession caused by the COVID-19 pandemic......»»

Category: financeSource:  philstarRelated NewsAug 8th, 2021

Malayan Insurance maintains stable rating despite pandemic

Malayan Insurance Co., Inc. remains ahead in the non-life insurance industry as global insurance ratings company A.M. Best improved Malayan’s long-term issuer credit rating (Long-term ICR) outlook to ‘stable,’ reflecting the insurer’s strength and reliability in the Philippine market despite the worldwide pandemic and its effects on the country’s economy......»»

Category: financeSource:  philstarRelated NewsAug 4th, 2021

Philippine women s football gets big boost with new association

The growth and development of women's football in the Philippines just got a shot in the arm with the Philippine Women's Football Association (PWFA)......»»

Category: sportsSource:  philstarRelated NewsJul 25th, 2021

Double-digit credit growth seen in 2 years

Philippine banks are expecting double-digit credit growth over the next two years on the back of higher loan demand amid improving business and consumer confidence as the country recovers from the pandemic-induced recession......»»

Category: financeSource:  philstarRelated NewsJul 25th, 2021

D& L gets top rating for maiden bond issue

D&L Industries Inc., a leading food ingredients and chemicals manufacturer, received a credit rating of PRS Aaa with a stable outlook from Philippine Rating Services Corp. for its proposed maiden bond issuance worth up to P5 billion......»»

Category: financeSource:  philstarRelated NewsJul 17th, 2021

Index gets lift from remittance growth in May

Dollar remittances provided a lift to stock trading as investors moved on from Fitch’s credit outlook downgrade to a brighter spot in the rise in remittance inflows......»»

Category: financeSource:  philstarRelated NewsJul 14th, 2021

Stocks tumble as outlook on Philippine credit downgraded

Stocks plummeted yesterday after a global debt watcher downgraded its credit rating outlook for the Philippines, citing increasing risks to the credit profile from the impact of the pandemic and its aftermath on policy-making......»»

Category: financeSource:  philstarRelated NewsJul 14th, 2021

More debt watchers may revise Philippine credit outlook

More debt watchers are expected to revise their economic outlook for the Philippines from stable to negative, paving the way for a possible downgrade of the country’s credit rating before the end of the year......»»

Category: financeSource:  philstarRelated NewsJul 14th, 2021

Fitch s negative outlook sends Philippines shares into a tailspin

Philippine shares bucked a regional uptrend to close lower on Tuesday, as investors sold on Fitch Ratings’ announcement that raised the specter of a credit rating downgrade for the country......»»

Category: financeSource:  philstarRelated NewsJul 13th, 2021

Fitch revises Philippines outlook to negative

New York-based Fitch Ratings has lowered its outlook for the Philippines to negative from stable as it expects a slower recovery for the country from the pandemic-induced recession with a gross domestic product growth of five percent instead of 6.3 percent this year......»»

Category: newsSource:  philstarRelated NewsJul 13th, 2021