Advertisements


Fitch Solutions cuts Philippines growth outlook to 5.3%

Fitch Solutions Country Risk & Industry Research expects a slower economic recovery for the Philippines in the next two years as the country continues to struggle to control the resurgence of COVID-19 infections......»»

Category: financeSource: philstar philstarMay 12th, 2021

Fitch Solutions downgrades 2020 growth forecast for PH to -9.1% from -2%

Fitch Solutions Country Risk and Industry Research, a unit of Fitch Group, sharply downgraded its 2020 growth outlook for the Philippines to -9.1 percent from the previous estimate of -2 percent, following the 16.5-percent contraction in the second quarter amid the COVID-19 pandemic that sent the economy crash-landing into technical recession......»»

Category: financeSource:  thestandardRelated NewsAug 10th, 2020

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

Fitch cuts Philippine growth forecast to 6.3%

Fitch Ratings expects a slower recovery for the Philippines this year, slashing its gross domestic product growth forecast to 6.3 percent from the original target of 6.9 percent due to the resurgence of COVID-19 cases......»»

Category: financeSource:  philstarRelated NewsApr 27th, 2021

World Bank cuts outlook on Philippines latest virus struggles

Failure to control coronavirus spread has dampened World Bank's growth prospects for the Philippines, with  the country seen unlikely regaining lost ground this year amid delays in mass vaccinations......»»

Category: newsSource:  philstarRelated NewsMar 26th, 2021

Fitch affirms & lsquo;BBB& rsquo; rating with & lsquo;stable& rsquo; outlook on PH

Fitch Ratings said Monday it affirmed the Philippines’ investment grade score of “BBB” with a stable outlook, citing the country’s resilience amid the global pandemic and strong growth outlook that may hit around 6.9 percent in 2021 and 8 percent in 2022......»»

Category: financeSource:  thestandardRelated NewsJan 11th, 2021

Fitch unit sees slowdown in Philippines infrastructure growth

Lower disbursements and budget due to the coronavirus disease 2019 or COVID-19 pandemic may dent the growth prospects of the country’s infrastructure sector this year, according to Fitch Solutions Country Risk & Industry Research......»»

Category: newsSource:  philstarRelated NewsJun 16th, 2020

Household spending to fully recover in 2022

he consumer and retail sector in the Philippines is seen fully recovering from the impact of the COVID-19 pandemic next year after a major slump last year, according to Fitch Solutions Country Risk & Industry Research......»»

Category: financeSource:  philstarRelated News15 hr. 0 min. ago

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

TCS to help Converge improve customer experience, accelerate growth

Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, announced that it is partnering with Converge ICT Solutions Inc. (Converge) (PSE: CNVRG), a large, end-to-end high-speed fiber broadband provider in the Philippines, to help the latter further enhance the customer experience for its fast-growing subscriber base......»»

Category: techSource:  thestandardRelated NewsJul 17th, 2021

StanChart cuts Philippines GDP growth to 4.6%

With an earlier resurgence in new COVID-19 cases and the slow pace of vaccination, the Philippines may recover slower from the pandemic than other economies in Asia, according to Standard Chartered Bank......»»

Category: financeSource:  philstarRelated NewsJul 15th, 2021

EDITORIAL - From stable to negative

Eight years after getting its first investment grade credit rating and “stable” outlook, the Philippines received a downgrade to “negative” from Fitch Ratings......»»

Category: newsSource:  philstarRelated NewsJul 15th, 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

ING cuts Philippines growth forecast

Dutch financial giant ING Bank sees the Philippines lagging in terms of recovery from the pandemic as it slashed the gross domestic product growth forecast to 4.7 percent instead of five percent this 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 PH credit rating outlook to negative

Fitch Ratings revised the outlook on the Philippines' 'BBB' credit rating to 'negative' from 'stable' to reflect the increasing risks to the credit profile from the impact of the pandemic and its aftermath on policy-making as well as on economic and fiscal out-turns......»»

Category: financeSource:  thestandardRelated NewsJul 13th, 2021

PayMaya funding seen to boost fintech sector

The fledgling financial technology sector in the Philippines received a shot in the arm after Voyager Innovations Inc. raised $167 million to finance the foray of PayMaya into the digital banking space, according to Fitch Solutions Country Risk & Industry Research......»»

Category: financeSource:  philstarRelated NewsJul 8th, 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

Wider fiscal deficit seen to support Philippines recovery

The Philippines may run wide fiscal deficits in the near term to support full recovery from the pandemic-induced recession, according to Fitch Solutions Country Risk & Industry Research......»»

Category: financeSource:  philstarRelated NewsJun 11th, 2021

Think tank cuts Philippine growth forecast

Barcelona-based think tank FocusEconomics expects a slower recovery for the Philippines as the pandemic-induced recession stretched for the fifth straight quarter with a worse-than-expected gross domestic product contraction of 4.2 percent in the first quarter......»»

Category: financeSource:  philstarRelated NewsMay 24th, 2021