Philippines GDP: likely to hit 6% growth

Even with the crisis in Europe, low growth in the United States and slow down in China, the Philippines still expects to hit 5-6 % GDP this year. Earlier this month President Benigno Aquino was confident that the country would meet this growth target especially with infrastructure spending planned. With its foreign debt servicing made easier with […]

Best and Worst countries in World Mining survey, Philippines at the bottom

finance manila up

Our country, the Philippines, is ranked as one of the worst countries to do mining in, according to a mining survey by the Fraser Institute. Worldwide, the top 10 BEST countries to do mining in are: New Brunswick, Finland, Alberta, Wyoming, Quebec, Saskatchewan, Sweden, Nevada, Ireland, and the Yukon. Seven of the same jurisdictions ranked […]

Effects of credit rating downgrade of America to AA+

money

It finally happened.  After ratings agencies Moody’s and Fitch affirmed America’s triple A ratings but with negative outlook, China’s Dagong Agency and S&P Drops US Credit Rating to AA+ shortly thereafter.  S&P said that in addition to the downgrade, it is issuing a negative outlook, and there is a chance it will lower the rating […]

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