PH soon to join 'tiger economies', claims expert

[jack_bauer]

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Dear, it only highlights one glaring problem in our country and that is unequal distribution of wealth. But the fact that we can become a creditor means we have enough financial resources as a country. Please know the difference between macroeconomics and microeconomics.

Now, you might ask, nganong magpautang man ta kung daghan pobre? well, it's an investment daw as they say. Kay dako sad na ug interes kay millions or even billions gud ipautang. Alangan ipanghatag lang ng kwarta sa mga pobre? It just doesn't work like that.

its a good thing imo ni gi-mention brad... ang uban bright boys diri gd, tira pasagad lang unya wala ni gi-consider..

[Romeojin]

its a good thing imo ni gi-mention brad... ang uban bright boys diri gd, tira pasagad lang unya wala ni gi-consider..

they were arguing on different issue, theres no need to go into details differentiating microeconomics from macroeconomics when we are talking about the whole economy here. samot ta ma labeled "expert" ana

nag sige man ka padagan post counts... butangi kuno ug a little tint of intellectual input.. paki explain beh the difference between microeconomics and macroeconomics on us becoming a tiger economy ? I want to hear the other side of the issue

dont worry.. my SOP is... attack the post not the poster.

[hayden]

clarify lang ni nako brad ha.. dili ni PROCLAMATION from any government agency nor from Malacanang.. this was from a book of some supposed economist/expert talking about emerging economies..

Yes I know nga supposed economist expert ang nag-proclaim. Did my post implied nga govt ang nag-proclaim? Basin imo na mis-took ako mga old posts sa lain thread, since most of my posts there isn't so pleasant on the admin's end.

"history repeats itself". *WE* have the power to change it. Saying ra man ng "history repeats itself". And notice the emphasis on *WE* because it is not the president, not the public officials, but kita tanan dapat magtinabangay.

An abuse statement nga magtinabangay ta. Doesn't looked that way on the real world. Socialized survival of the fittest man ta if you're keen enough to observe

dili pareha ug will/vision ang mga tao dri - are u sure about that?...

Yes I'm sure. The "unity" crap are all words, nothing more. Own personal interest & welfare pirme ang mopatigbabaw.

Those few enlightened ones simply had the courage to speak up and dared to change the system.[\quote]
Yeah but if you've observe most pinoys feel nga they're enlightened and they know better, sa ka mga maayong laki/baje nila walay mahimo ky mag-cge raman ug lalis.


Don't you think similar ra ang situation nato karon? Remember, it took years for Europe to get enlightened. Gitawag gani to nga Dark Ages kay it happened for years. So you cannot expect nga dali ra sad kaayo mag-change ang Philippines.

*Looks back at fellow neighboring asian countries*
**traces back history where they were ages ago**

face palm

Dear, it only highlights one glaring problem in our country and that is unequal distribution of wealth. But the fact that we can become a creditor means we have enough financial resources as a country. Please know the difference between macroeconomics and microeconomics.

Now, you might ask, nganong magpautang man ta kung daghan pobre? well, it's an investment daw as they say. Kay dako sad na ug interes kay millions or even billions gud ipautang. Alangan ipanghatag lang ng kwarta sa mga pobre? It just doesn't work like that.

You failed to get my point but I would rather not comment anymore. We talked on different spheres I get it. Like I said bragging something that's not even guaranteed to happen sounds foolish. Mosamot ra ug asa ang mga pobre ani.


ambrt,

I hope you could cling to your little hope for this country for as long as you could. Most of those in power have other plans you know...

they were arguing on different issue, theres no need to go into details differentiating microeconomics from macroeconomics when we are talking about the whole economy here. samot ta ma labeled "expert" ana

exactly!

[ambrt]

ok, not gonna argue anymore. It's hard to convert a pessimist into an optimist.

But this is just in:

S&P now rates PH one notch below investment grade

another good news

[ed168III]

tinuod ni coz anti corrupt campaign ni pinoy, thats all it takes

[NARRA]

S&P raises Philippines credit rating
By: Michelle V. Remo
Agence France-Presse, Philippine Daily Inquirer
10:30 pm | Wednesday, July 4th, 2012
share16 9

AFP photo

MANILA, Philippines— Standard & Poor’s raised the Philippines’ long-term foreign currency credit rating to within one notch of investment grade on Wednesday, citing the government’s improving finances and declining debt burden.

The US rating outfit, one of the major international credit-rating firms, raised the Philippines’ long-term foreign currency rating from BB to BB+ with stable outlook, or from two notches to just one notch below investment grade.

“The foreign currency rating upgrade reflects our assessment of gradually easing fiscal vulnerability, as the government’s fiscal consolidation improves its debt profile and lowers its interest burden,” the agency’s credit analyst Agost Benard said in a statement released Wednesday night. “The rating action also reflects the country’s strengthening external position, with remittances and an expanding service export sector continuing to drive current account surpluses.”

Long-term foreign currency rating is one of the guides used by foreign investors in making investment decisions, such as whether or not to buy bonds sold by a government or do business in a country.

Stable outlook

S&P assigned a “stable” outlook on the latest credit rating. Such an outlook means the rating is likely to remain the same within about a year until a review is done.

S&P said its decision was based partly on the government’s improving debt profile.

Over the years, the Philippine government has gradually been able to trim its debt burden—the proportion of its outstanding debts to the country’s gross domestic product (GDP)—via measures that improve tax and revenue collection.

The debt-to-GDP ratio, one of the key indicators closely monitored by credit-rating firms, improved from 84 percent in 2004 to only about 50 percent to date.

Moreover, the credit-rating firm cited the Philippines’ much improved level of foreign-currency reserves, which it said enabled the country to meet its liabilities to foreign creditors and bond holders.

The country’s reserves of foreign currencies, called the gross international reserves (GIR), reached a record high of about $77 billion earlier this year. GIR indicates a country’s wealth of foreign exchange and determines its ability to pay for imported goods, pay debts to foreigners, and engage in other commercial transactions with the rest of the world.

The amount was enough to cover for over 11 months worth of imports and equivalent to about six times the foreign currency-denominated debts of government and private entities in the Philippines.

The foreign-exchange reserves have risen over the years, thanks to sustained growth in remittances from overseas Filipino workers, foreign investments in the country’s business process outsourcing sector, and foreign portfolio investments.

“The rating action also reflects the country’s strengthening external position,” S&P said.

Officials’ reactions

President Benigno Aquino’s spokesman Ricky Carandang hailed the upgrade, saying it put the government one step closer to investment grade status.

“This is an affirmation of the fiscal management of the Aquino administration,” Carandang said in a statement.

Finance Secretary Cesar Purisima said the upgrade gave the government confidence it was following the right economic policies.

“We can now clearly make our case for an investment grade status,” he said in a statement.

Governor Amando Tetangco Jr. of the Bangko Sentral ng Pilipinas was pleased with the credit-rating action by S&P.

He said the move of S&P came with improved appetite of foreign portfolio investors for peso-denominated stocks and bonds. Increased purchases of peso-denominated portfolio instruments led the peso to hit a four-year high of 41.72 on Tuesday.

Tetangco said the international financial community has recognized favorable economic developments in the Philippines.

In the first quarter of the year, the Philippine economy, measured in terms of gross domestic product, grew by 6.4 percent from a year ago. This was faster than the 4.9 percent recorded in the same period in 2011.

The latest GDP growth of the Philippines was the second-fastest in Asia for the first quarter following China’s 8.1 percent.

“We welcome the upgrade from S&P. The action of the market in the couple of days [that led to the appreciation of the peso] was a forth-telling,” Tetangco said in a statement.

The latest move by S&P makes its rating for the Philippines the same as that assigned by Fitch Ratings, its competitor.

Moody’s Investors Service, another major international credit rating agency and which is most pessimistic about the Philippines, rates the country two notches below investment grade.

Philippine economic officials are pitching for improved credit ratings for the Philippines, claiming that the country’s economic fundamentals are in fact already comparable to those of some countries enjoying investment grade.

Indonesia, which the Philippines considers a contemporary, got an investment rating in late 2011.

Government economic officials said that an investment rating for the Philippines would help drive job-generating foreign direct investments, lift incomes and trim poverty.

[NARRA]

daghan nasad magsakit ang dughan ani karun. kani gyud si abnoy

[angelicax]

this is a good sign for us filipinos. I think PNOY doing great job improving our country. Maybe its time to build mega factories here in PHIL.

But naa gihapun daghan tao way kaon og wat tarung ge.puy.an.. Maybe because of their laziness but our government should assist them. Lets be optimistic na lng gyd. Once again i congratulate our govenment officials who did their part.

PH soon to join 'tiger economies', claims expert - Yahoo! News Philippines

ni agi naman ta pagka tiger sa time man tingali tong Fidel
kay dawat limyo man cya kang Cory

pagka human sa termino ni Fidel na himo nasad tag ilaga hehehehe

ma tiger ta balik human sa termino ni Noynoy kay ang mag sunod dawat limyo nasad
dayon ang mga ilaga mo katag nasad kotkot sa kaban

bantayi gani daghan kaayo ilaga ni padaplin ron nag hulat mo end ang termino ni Noynoy

[hulagway]

from CTU agent to an economist..wow.congrats...

[SioDenz]

daghan nasad magsakit ang dughan ani karun. kani gyud si abnoy

Ambot bitaw ning uban grabe man maka personal, dumot kaayu bah. Nadala man sa away sa mga Politiko - unya raba kanang mga politiko wa ra ba na sila nag away jud kay usahay magkauban rana sila if ilang interist nay hisgutan. Nganu jud kaha di makatan aw sa Bigger picture bah sa economy without considering the POLITICIAN factor.

Epekto nah ni sa cge tan aw teleserye.

For me, daku jud tag change tungod sa atung workforce. If mupadayun ang pagdaghan sa mga OFW, daku ug change mu improve atung nasud Basta maayu lan pagka diskarte.