MANILA: The Philippine Economic Zone Authority (PEZA) on Thursday welcomed the country's credit rating upgrade by Japan's Rating and Investment Information Inc. (R and I). In a statement, the PEZA said the A- with stable outlook rating given by R and I is a testament that the Philippines remains a top destination for foreign investors with the country's consistent high economic growth, strong fiscal position, and rosy economic outlook. 'Following the strategic investment generation and FDI (foreign direct investment) collaboration plans of our government spearheaded by President Ferdinand R. Marcos Jr., PEZA remains bullish in enhancing and strengthening our efforts even more to secure partnerships from a large number of investors in different industries for the continuous boost in the Philippines' economic growth and progress," PEZA Director General Tereso Panga said. On Wednesday, Tokyo-based R and I raised the country's credit rating from a BBB+ with a positive outlook to A- with stable outlook, noting that the country has demonstrated strong gross domestic product growth in Southeast Asia. This is now the country's second A- rating from Japanese debt watchers. Credit ratings are vital for investors as they provide an insight about the risk associated with investing in a particular entity's debt. Source: Philippines News Agency
PEZA: PH credit rating upgrade cements status as prime investment hub
Search
Advertisement
Latest Posts
- Marcos chides ‘desperates’ behind fake news on Gibo’s ‘resignation’ September 12, 2024
- PHIC Antique reaches out to barangays for Konsulta registration September 12, 2024
- CSC bloodletting drive boosts Bicol reserves September 12, 2024
- US donates P11-M disaster response equipment to Cagayan September 12, 2024
- Guillen: NIA’s transfer to OP crucial to food security target September 12, 2024
- 10K residents benefit from new road network in N. Cotabato September 12, 2024
- PTFoMS expects speedy resolution of Gerry Ortega murder case September 12, 2024
- DPWH-Bicol implements ‘Lakbay Alalay’ for Peñafrancia events September 12, 2024
- Metro Manila LGUs urged to step up info drive vs. leptospirosis September 12, 2024
- House cites Roque in contempt anew for failure to submit docs September 12, 2024
Recent News
- Marcos chides ‘desperates’ behind fake news on Gibo’s ‘resignation’ September 12, 2024
- PHIC Antique reaches out to barangays for Konsulta registration September 12, 2024
- CSC bloodletting drive boosts Bicol reserves September 12, 2024
- US donates P11-M disaster response equipment to Cagayan September 12, 2024
- Guillen: NIA’s transfer to OP crucial to food security target September 12, 2024
Categories
Advertisement
Archives
Categories
Advertisement
Search
Latest News
- Marcos chides ‘desperates’ behind fake news on Gibo’s ‘resignation’ September 12, 2024
- PHIC Antique reaches out to barangays for Konsulta registration September 12, 2024
- CSC bloodletting drive boosts Bicol reserves September 12, 2024
- US donates P11-M disaster response equipment to Cagayan September 12, 2024
- Guillen: NIA’s transfer to OP crucial to food security target September 12, 2024
- 10K residents benefit from new road network in N. Cotabato September 12, 2024
- PTFoMS expects speedy resolution of Gerry Ortega murder case September 12, 2024
- DPWH-Bicol implements ‘Lakbay Alalay’ for Peñafrancia events September 12, 2024
Archives
Categories
Advertisement
Recent Posts
- Marcos chides ‘desperates’ behind fake news on Gibo’s ‘resignation’ September 12, 2024
- PHIC Antique reaches out to barangays for Konsulta registration September 12, 2024
- CSC bloodletting drive boosts Bicol reserves September 12, 2024
- US donates P11-M disaster response equipment to Cagayan September 12, 2024
- Guillen: NIA’s transfer to OP crucial to food security target September 12, 2024
- 10K residents benefit from new road network in N. Cotabato September 12, 2024
- PTFoMS expects speedy resolution of Gerry Ortega murder case September 12, 2024