Resilience, reform lift Phl to investment grade

Fitch Ratings on Wednesday upgraded  the Philippines' sovereign ratings to investment grade, citing "resilient economic growth" and fiscal reforms.

"The Philippine economy has been resilient, expanding a 6.6 percent in 2012 amid a weak global economic backdrop. Strong domestic demand drove this outturn. Fitch expects GDP (gross domestic product) growth of 5.5 percent in 2013.

Advisory on the 2013 Philippine National Elections

In connection with the Philippine National Elections of 2013, the Philippine Embassy in Brasilia will receive the accomplished ballots, personally or by postal mail, on 13 April 2013, 8:00 AM until 13 May 2013 at exactly 8:00 AM, Brasilia Time. Ballots received after the said deadline will be invalidated.

Philippine economy beats market expectations, expands 6.6% in 2012

The Philippine economy grew 6.6 percent last year—beating the expectations of the market, lending institutions and even the government itself—driven by the services, trade, real estate and construction sectors. In a briefing on Thursday, NSCB chief Jose Ramon Albert announced that output for the fourth quarter hit 6.8 percent, pushing the full-year gross domestic product (GDP) beyond the government's 5 to 6 percent growth expectations for 2012.

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