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Sunday, January 27, 2008 |
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What’s right in the Philippines? |
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The economy– Moody’s, investors, SWS polls
say
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FROM the daily reports of alleged
Arroyo-administration scandals of corruption and maladministration
that fill newspaper front pages and primetime radio and TV, one
could be made to think nothing is ever right in the Philippines.
That’s not what Filipino and foreign
businessmen, Moody’s (one of the world’s topmost rating agencies
that assess countries) and international management and economic
gurus say.
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 Full
Story>>
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O T H E R R E P O R T S
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SWS surveys show self-rated
poverty down, optimism up
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ONE of the conventional pieces of wisdom most Filipinos accept is
that the success of the Arroyo administration in raising the Gross
National Product these past six years to the highest levels of
growth in the last twenty-plus years has no meaning to the common
people.
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Full
Story>>
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Standard & Poor’s, Fitch likely to match
Moody’s ‘positive’ rating
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After Moody’s Investors Service, which raised its credit rating of
the Philippines from “stable” to “positive” last Friday,
Standard & Poor’s and Fitch Ratings are likely to also raise
their Philippine outlook.
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Full
Story>>
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Citibank’s Rhodes: ‘Philippines in best
position to face global crisis
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The vice-chairman of the Citibank Group, William Rhodes, who had a
meeting with President Gloria Arroyo in Davos, said, referring to
the possibility of a global crisis resulting from the slowdown of
the United States economy, “Everything I see about the Philippines
indicates that you are in the best position to go into the crisis
[if it comes].”
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Full
Story>>
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Year of the Rat will prove to
be lucky for the Philippines
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While people are worried about the US slowdown,
the Hong Kong-based feng shui expert Joseph Chau says the November
presidential elections in the US will likely lift that economy out
of its impending slump.
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Full
Story>>
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