Infra projects to sustain RP’s growth MANILA, Philippines – Britain-based Hongkong and Shanghai Banking Corp. (HSBC) said the strong economic growth in the Philippines can be sustained if the government immediately undertakes infrastructure projects. “If the new government fulfills the infrastructure commitments it made, growth will be stronger or faster,” Tony Cripps, HSBC chief executive [...]
ECONOMY GROWTH AGAIN SURPRISES ! Q2’s 7.9% tops forecast; Q1 result adjusted to a higher 7.8% THE ECONOMY GREW by a surprising 7.9% in the second quarter, hitting a three-year high and raising expectations that full-year growth could exceed targets. The April to June number was higher than the government’s 5.9-6.9% forecast for the period. [...]
P2.4 trillion targetted in RP marketing plan A ROAD MAP to market the Philippines as an investment destination and accumulate P2.405 trillion worth of projects in the next five years was unveiled yesterday to guide the incoming administration. The first ever “Philippine Investment Promotions Plan” seeks to lure new projects into the mining sector and [...]
SE Asia banks unfazed by debt turmoil in Europe THE BANKING SECTORS OF the Philippines and other Southeast Asian countries remain in good shape even with the debt turmoil in Europe, said Moody’s Investors Service. According to the credit rating firm, banks in this part of the world are strong enough to weather any adverse [...]
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