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 [...]
Biz Progress In perhaps the most bullish projection on the Philippine economy by far, MasterCard Worldwide forecasts it will expand by 5 percent this year, driven by strong remittance flows which it expects to grow by 9 percent. Although other regional and local economists also see growth for the country this year, their projections are [...]
RP RELATIVELY UNSCATHED BY GLOBAL CRISIS – BSP CHIEF MANILA, JANUARY 3, 2010 (STAR) By Lawrence Agcaoili Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco Jr. believes that the Philippine economy was left relatively unscathed by the “financial crisis” that led to a global economic slump. Tetangco said fiscal and monetary reforms adopted by [...]
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