News

S&P raises PH growth forecast

S&P raises PH growth forecast

THE Philippines will be one of the strongest-performing Asia-Pacific economies this year with growth likely to be higher than previously forecast, revised projections issued by S&P Global Ratings showed.
The debt watcher, in a November 26 report that said growth in the region for this year and the next “should be strongest in emerging market economies with solid domestic demand,” raised its 2023 Philippine growth forecast to 5.4 percent from 5.2 percent previously.

Marcos: Maharlika fund IRR finalized

Marcos: Maharlika fund IRR finalized

MANILA, Philippines — The Philippines is a step closer to having its first ever sovereign wealth fund as the implementing rules and regulations (IRR) for the Maharlika Investment Fund (MIF) have been completed and are now awaiting President Marcos’ approval.