The World Bank expects the Philippines to sustain robust economic growth in the next three years even as public investments are seen slowing down.
First Metro Investment Corporation, the investment banking arm of Metrobank Group, expects the Philippines to become the fastest growing economy in the Association of Southeast Asian Nations (ASEAN)-5 this year, clocking in as much as 7.5% growth.
The Philippines is the "best country to invest in," based on rankings released by US News and World Report.
The Philippines’ economic growth has been steady compared to that of its neighbors.
In another election year, the Philippines ended 2016 with a strong 6.8% economic growth. It remains one of Asia's fastest-growing economies, ahead of China's 6.7% and fellow high-riser Vietnam's 6.2%. India has not released its full-year data yet.
The Philippine economy grew by 7.1 percent in the third quarter of the year, the fastest among major Asian emerging markets, the National Economic and Development Authority said on Thursday.
Moody’s Investors Service upgraded the country’s economic growth forecasts for the next two years as it believes the successful implementation of the tax reform and infrastructure development plans by the Duterte administration could boost the credit rating of the Philippines.
The Philippines snared another Olympic medal in the Rio Games, ending the country's 16-year medal drought. This time, it came from the Paralympics action, courtesy of table netter and flag-bearer Josephine Medina.
The Philippines has its first medal in the 2016 Rio Olympics after Hidilyn Diaz finished with a score of 200kg at the women’s 53kg category in weightlifting on Monday.