Moody’s Upgrades Philippine Growth Forecasts

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.

Duterte - Robredo inauguration

Duterte formally took his oath on Thursday noon as the Philippines’ 16th chief executive. Meanwhile, Robredo took her oath as the country’s second-highest elected official at the Quezon City Reception House in New Manila on Thursday morning.

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