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Fitch Solutions downgrades PH growth outlook

ABS-CBN News
Updated as of Aug 14 11:19 PM

Fitch Solutions on Thursday downgraded its growth forecast for the Philippines to 4.2 percent from an earlier outlook of 5.3 percent saying the country continues to struggle amid new COVID-19 outbreaks Read more »

PH consumer spending seen fully recovering only in 2022 as vaccination lags

ABS-CBN News
Posted at Jul 29 01:47 PM

Fitch Solutions noted that the Philippines' vaccination drive lags behind the wider Asia region, with just 9.9 percent of the population having received at least one dose on July 23. Read more »

Analysts downplay Fitch outlook, say PH economy may grow up to 6 pct this year

Warren de Guzman, ABS-CBN News
Posted at Jul 14 04:16 PM

The Philippine economy could grow 5 to 6 percent this year driven by its strong fundamentals, the COVID-19 vaccine rollout, and election spending, economists said Wednesday, downplaying Fitch Ratings' negative outlook.  Read more »

PH shares tumble as gloomy Fitch outlook spooks investors

ABS-CBN News
Posted at Jul 13 11:41 PM

Philippine shares tumbled amid a bleaker economic outlook from Fitch Ratings.  Read more »

Fitch Ratings revises PH outlook to negative but affirms 'BBB' rating

ABS-CBN News
Updated as of Jul 14 11:48 AM

Uncertainties arising from the Duterte administration's new tax reform law lead to a negative credit score for the Philippines.  Read more »

Philippine shares drop as Fitch outlook cut unnerves investors

Reuters
Posted at Jul 13 01:08 PM

Philippine stocks slipped more than 1 percent on Tuesday after credit ratings agency Fitch downgraded its outlook on the country, stoking fears that other agencies would also lower their view of the economy which has been battered by the coronavirus pandemic. Read more »

Philippines set for rebound, pandemic impact 'transitory' - economic managers

Reuters
Updated as of Jul 12 11:00 PM

The Philippines is set for an economic rebound, with medium-term growth prospects on solid footing, its economic managers said on Monday, after Fitch Ratings affirmed the country's investment-grade score but downgraded its outlook to negative. Read more »

Fitch affirms Philippines BBB rating but revises outlook to negative from stable

ABS-CBN News
Posted at Jul 12 10:51 PM

Fitch noted increasing risks to the Philippines' credit profile from the impact of the pandemic on the country's economy and finances. Read more »

At a glance: The Philippine economy under PNoy

Research by Art Fuentes, ABS-CBN News
Posted at Jun 26 10:49 AM

The Bangko Sentral ng Pilipinas (BSP) on Friday paid tribute to the late former President Benigno 'Noynoy' Aquino III, saying "he led the nation through 6 years of sustained growth that helped uplift the lives of the Filipino people." Here are some key economic indicators under the PNoy administration.  Read more »

PNoy ushered Philippine economy to investment grade rating: PSE

ABS-CBN News
Posted at Jun 24 05:25 PM

Former President Benigno Aquino III ushered the Philippine economy to investment-grade status through his good governance, the Philippine Stock Exchange said Thursday.  Read more »

Do something about low survey ratings, 2 SC applicants tell judiciary

Mike Navallo, ABS-CBN News
Posted at Jun 04 12:01 AM

Two applicants hoping to join the Supreme Court on Thursday said the high court should not turn a blind eye and instead do something to address low survey ratings the Judiciary has been getting in recent surveys.   Read more »

Fitch Solutions lowers PH growth forecast, says rebound to be slower

ABS-CBN News
Updated as of May 12 09:23 PM

Fitch Solutions lowered its economic growth forecasts for the Philippines for this year and next year noting that the country is having difficulty checking the COVID-19 outbreak, and is struggling to vaccinate its citizens.  Read more »

Global warming could cut over 60 countries' credit ratings by 2030, study warns

Marc Jones, Reuters
Posted at Mar 30 12:22 PM

A new algorithm-based study by a group of UK universities has predicted that 63 countries – roughly half the number rated by the likes of S&P Global, Moody's and Fitch - could see their credit ratings cut because of climate change by 2030. Read more »

Dissecting Data: Foreign direct investments fall by a quarter

Warren de Guzman and Edson Guido, ABS-CBN News
Posted at Mar 11 02:44 PM

Three straight years of decline in FDI inflows indicate there are other reasons besides the pandemic why money isn’t flowing into a Philippine economy that averaged over 6 percent GDP growth in the years prior to the outbreak.  Read more »

NFL: Super Bowl draws 96.4 million viewers, lowest in 14 years

Agence France-Presse
Posted at Feb 10 09:14 AM

The 2021 Super Bowl was watched by 96.4 million people across all platforms, the lowest viewership since 2007.   Read more »

Fitch affirms Philippines rating, expects economic activity to continue to recover

Reuters
Posted at Jan 11 10:00 AM

Fitch Ratings said on Monday that it affirmed Philippines' long-term foreign-currency issuer default rating at 'BBB' with a stable outlook, citing modest government debt levels, "robust" external buffers and still-strong medium-term growth prospects. Read more »

PH banks' growth 'tempered' until 2021 on weaker economy, COVID cases: analyst

ABS-CBN News
Updated as of Nov 25 02:35 PM

MANILA - Philippine banks' recovery and growth are seen to be "tempered" until next year given the lingering effects of the pandemic on the economy, an analyst at Fitch Ratings told ANC's Market Edge. Read more »

Is Duterte unpresidential for remarks vs Robredo? He's 'consistent,' 'not plastic' - Palace

Jamaine Punzalan, ABS-CBN News
Updated as of Nov 19 03:10 PM

MANILA — President Rodrigo Duterte is "consistent" and "not plastic" in his stance towards Vice President Leni Robredo, Malacañang said Tuesday, after the latter said he was "unpresidential" for threatening her should she run in 2022.  Read more »

How Pulse Asia conducts its surveys—we asked its president to walk us thru the process

RHIA D. GRANA
Updated as of Feb 14 01:43 PM

Ronald Holmes, president of the public opinion polling body, says their foremost challenge is often how the political elite responds to the survey results  Read more »

Pandemic reshuffle hurting NBA television ratings

Rob Woollard, Agence France-Presse
Posted at Oct 08 09:21 AM

Television viewing figures for the NBA Finals have fallen to record lows. Read more »