Its almost a year since my last post has been done. One of the reason why I have stop posting on this blog is due to the closure of my google adsense account which according to them I have done invalid clicks to the ads posted in my blog. Some of my readers have missed my sharing of the current events taking place of the Philippine Stock Market during those time. What makes me start to reopen my blog is due to the availability of good internet signal in our place which took place in the later days last May this year. Not like before that broadband facilities is not good. By this time I decided to ride with the good opportunity that the internet world have made changes in our modern times.
From the time I stopped posted many events in the Philippine financial settings have took place. More especially that we are now considered as the top destination of hot investment money. One reason is the successive growth of the country's GDP. Another is the upgrading of the Philippine's status as an investment haven according to the grades facilitated by the topmost international credit rating agency Fitch Rating Agency and Standard and Poor's (S & P).
Here's some caption from the said upgrades:
"Philippine Credit Rating Raised to Investment Grade
Fitch Ratings has upgraded the credit rating of the Philippines to the investment grade status, a level which promises a surge if capital inflow from both local and foreign investors.
In a statement, the debt watcher said that it has raised the country's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'BBB-' from 'BB+'. The Long-Term Local-Currency IDR has been upgraded to 'BBB' from 'BBB-'.
The Outlooks on both ratings are Stable. The agency has also upgraded the Country Ceiling to 'BBB' from 'BBB-' and the Short-Term Foreign-Currency IDR to 'F3' from 'B'.
http://www.president.gov.ph/daang_matuwid/philippines-credit-rating-raised-to-investment-grade/
A May 2, 2012, press release from the Bangko Sentral ng Pilipinas
The Philippine today received investment grade rating from international credit rating agency Standard& Poor's. In a statement released by the agency, the country's sovereign long-term foreign currency rating was upgraded from "BB+" to "BBB-" with stable outlook. This upgrade by S & P comes after the Philippine sovereign received its first investment grade rating from Fitch Ratings in March this year."
http://www.gov.ph/2013/05/02/phl-receives-investment-grade-rating-from-standard-poors/
With these scenario, local as well as foreign investors are keen to the existing and upcoming developments in the country especially in the government moves in enhancing the Philippine economy.
What's so disappointing is yesterday's move of the US Federal Reserve Banks chairman Mr. Ben S.Bernanke to curve its plan in buying bonds in the coming months until it will totally cease the said purchasing next year. This action have depressed not just the US stock market but also the entire international bourses. More about this Federal Market Open Committee's (FOMC) meeting could be read at the link below.
http://www.federalreserve.gov/newsevents/press/monetary/20130619a.htm
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