eseoulpost
BusinessPhilippines
AMRO report affirms high optimism for sustained economic growth under Duterte administration
min  |  min
폰트키우기 폰트줄이기 프린트하기 메일보내기 신고하기
승인 2017.05.05  
트위터 페이스북 미투데이 요즘 네이버 구글 msn
   

MANILA, May 5 (PNA) -- The ASEAN + 3 Macroeconomic Research Office (AMRO) Report naming the Philippines as top economic performer in the region is yet another confirmation that, despite criticisms, optimism remains high that Philippine economic growth will continue its upward trajectory under President Rodrigo Duterte, Malacañang said Friday.
“The AMRO report naming the Philippines as the top economic performer in the region underscores that amid the political noise, trust and confidence of the market and business in the Duterte administration continue,” Presidential Spokesperson Ernesto Abella said in a statement.
“We have shown remarkable progress in less than a year in office. Our growth remains one of the highest in the region and the government’s commitment to accelerate infrastructure investments in the next five years will surely improve our competitiveness and living standards and reduce poverty,” Abella said.
In its flagship report released Thursday, the Singapore-based AMRO said the Philippines will be one of the fastest-growing economies in a grouping of Southeast Asia plus China, Japan and South Korea as a result of policies and reforms put in place in the wake of the 1997 Asian Financial Crisis.
AMRO chief economist Hoe Ee Khor said “the Philippines is a star performer in this group... and it has gotten to a point that we think growth can be sustained at a relatively high level.”
Khor noted that the Duterte administration has sustained sound economic policies of the past and international credit rating agencies have maintained the country’s investment grade.
The AMRO report followed the credit reports of Standard and Poor (S&P) and Fitch Ratings as both retained the favorable investment grade rating of the Philippines.
On April 28, S&P affirmed its ‘BBB’ -- a notch above investment grade -- rating on a stable outlook on the Philippines.
“The ratings on the Philippines reflect our assessment of its strong external position, which features ample foreign exchange reserves and low and declining external debt,” S&P said in a statement.
Meanwhile, in its latest credit report released March 29, Fitch Ratings also kept the country's investment credit rating with a positive outlook, amid indications of continued economic growth and manageable debt levels.
The credit rating agency affirmed the Philippines' Long Term Foreign and Local Currency Issuer Default Ratings (IDRs) at "BBB-" with a positive outlook.
"The Philippines' rating reflects its continued strong and consistent growth performance, a robust net external creditor position, and government debt levels that are lower than the median of peers in the 'BBB' Ratings category," Fitch Ratings said in its report.
Abella said the decision to maintain the investment grade scores on the Philippines reflects the country's prospects in sustaining its economic momentum under President Duterte.
“The stable outlook on the Philippine economy also shows that policies continue to provide a favorable environment for sustained growth,” Abella said. (PNA)

 

< 저작권자 © eseoulpost 무단전재 및 재배포금지 >
폰트키우기 폰트줄이기 프린트하기 메일보내기 신고하기
트위터 페이스북 미투데이 요즘 네이버 구글 msn 뒤로가기 위로가기
이 기사에 대한 댓글 이야기 (0)
자동등록방지용 코드를 입력하세요!   
확인
- 200자까지 쓰실 수 있습니다. (현재 0 byte / 최대 400byte)
- 욕설등 인신공격성 글은 삭제 합니다. [운영원칙]
이 기사에 대한 댓글 이야기 (0)
Most Read
1
Sharjah Museums Authority, Institut Francais in UAE celebrate 40 years of UAE-French archaeological cooperation
2
Marawi liberation proves gov’t working to make PH safe: DOT
3
Two Koreas' diplomats to attend Russian forum this week
4
DOT ‘Bring Home a Friend to the PH’ now accepting entries
5
PHL Tourism Sec. Teo revives BHAF to increase inbound tourist traffic
6
UAE to participate in 122nd Autumn Canton Fair 2017
7
UAE / Healthcare
8
Biggest non-OPEC oil producers look to Abu Dhabi for new business
9
NMC, SGMB discuss joint media cooperation
10
8.6 million passengers, 21,000 aircraft passed through Sharjah International Airport in 9 months
Photo News Green Biz
Global platform for smart & sustainable cities officially  launched in Seoul
Global platform for smart & sustai...
min
Global platform for smart & sustainable cities to be launched by World Green Economy Organisation (WGEO) in Seoul on May 23
Global platform for smart & sustai...
min
50 successfully rehabilitated sea turtles released for Endangered Species Day
50 successfully rehabilitated sea ...
min
UAE is well placed to take lead in renewable energy storage
UAE is well placed to take lead in...
min
Bee’ah’s campaign for ‘Recycling Just Got Easier’ sparks community action
Bee’ah’s campaign for ‘Recycling J...
min
Photo News Sports
Emirates becomes official partner of 2018 Ryder Cup
Emirates becomes official partner ...
min
DOT in talks for staging of Pacquiao-Horn rematch in PH
DOT in talks for staging of Pacqui...
min
Mohammed bin Rashid attends endurance race in Euston Park, UK
Mohammed bin Rashid attends endura...
min
Cebu to host Ironman 70.3 Asia-Pacific C’ship anew   in 2018
Cebu to host Ironman 70.3 Asia-Pac...
min
PyeongChang Olympics wins new strongest ally -- the president
PyeongChang Olympics wins new stro...
min
Official mascot of FIFA Club World Cup UAE 2017 unveiled
Official mascot of FIFA Club World...
min
Official FIFA Club World Cup UAE 2017 mascot to be unveiled Tuesday
Official FIFA Club World Cup UAE 2...
min
Badminton tournament opens for multicultural families
Badminton tournament opens for mul...
min
Photo News World
Emirates becomes official partner of 2018 Ryder Cup
Emirates becomes official partner ...
min
DOT in talks for staging of Pacquiao-Horn rematch in PH
DOT in talks for staging of Pacqui...
min
Mohammed bin Rashid attends endurance race in Euston Park, UK
Mohammed bin Rashid attends endura...
min
Cebu to host Ironman 70.3 Asia-Pacific C’ship anew   in 2018
Cebu to host Ironman 70.3 Asia-Pac...
min
PyeongChang Olympics wins new strongest ally -- the president
PyeongChang Olympics wins new stro...
min
Official mascot of FIFA Club World Cup UAE 2017 unveiled
Official mascot of FIFA Club World...
min
Official FIFA Club World Cup UAE 2017 mascot to be unveiled Tuesday
Official FIFA Club World Cup UAE 2...
min
Badminton tournament opens for multicultural families
Badminton tournament opens for mul...
min
Photo News Opinion
Moon reiterates call for bipartisan efforts to deal with security issues
Moon reiterates call for bipartisa...
min
Moon says promulgation of Korean alphabet connects with spirit of democracy
Moon says promulgation of Korean a...
min
Unification minister urges N. Korea to allow family reunions
Unification minister urges N. Kore...
min
Korea celebrates National Foundation Day on October 3 in ceremonies nationwide
Korea celebrates National Foundati...
min
S. Korea's exports soar 35 pct in Sept. reach all-time high
S. Korea's exports soar 35 pct in ...
min
S. Korean president meets former POWs marking Armed Forces Day
S. Korean president meets former P...
min
Moon calls for increased deterrence against N. Korean nuclear provocations
Moon calls for increased deterrenc...
min
Moon urges bipartisan efforts to overcome N. Korean nuclear threat, ensure growth
Moon urges bipartisan efforts to o...
min
Newspaper AboutNews ReportAdvertiseComplaintsPrivacy PolicyJuvenile protectionRejection of E-mail Collection
Gangnam-gu, Teheran 52 street in Tehran Bldg, 616(Yeoksam-dong)  |  Main Phone: 02) 563-0604  |  Fax: 02) 538-5665
Chairman : jeong-woo Lee  |  Advisor : byung-il Min  |  Publisher: jae-mo Kah  |  Editors: il-hong Kim
Registration Number 1928 Seoul ah  |  eseoulpost.com / eseoulpost.net / Global Korea.,Ltd
Copyright © 2011 eseoulpost. All rights reserved. mail to jaemokah@daum.com , kih10kr@empas.com/ www.globalkorea.info
arabafrica.net / UAE Interract / Emirtes News Agency(WAM)/ http://wam.org.ae / www.uaeinteract.com