The Philippines’ repositioned approach in managing the economic impact of the prolonged pandemic could provide the much-needed support for recovery, Moody’s Analytics said. Moody's Analytics Steven G. Cochrane, Moody’s Analytics economist said in a note on Thursday, Sept. 2, that the...
Debt-watcher Moody’s Investors Service is upbeat about the Philippines’ recovery prospects from the pandemic, expecting the economy to outperform most of the sovereigns it rates in terms of average growth up to 2025. In its latest credit analysis report on the Philippines, Moody’s cited its...
The Philippines may suffer long-lasting economic losses owing to prolonged coronavirus pandemic that took a heavier toll on small businesses and low-income families, think-tank Moody’s Analytics said. Makati CBD skyline Steven Cochrane, Moody’s Analytics chief economist for Asia-Pacific said...
Debt-watcher Moody’s Investors Service has lowered its forecast on the Philippine economy for the year as coronavirus battle enters another phase of uncertainty. In a research note released Wednesday, July 21, Moody’s said it is now projecting that the country’s economy, as measured by gross...
Financial technology (fintech) companies in the Philippines are poised to overtake brick and mortar banks, debt-watcher Moody’s Investors Service said. In a commentary on Thursday, July 15, Joyce Ong, Moody’s analyst said that fintech has “abundant room” for growth in the country as 70...
The Philippine economic recovery improved amid declining new coronavirus infections and easing quarantine restrictions, Moody’s Analytics said. In a research note on Monday, July 5, the US-based economic and financial think tank said business activities in the country are expected to pick up in...
The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) is expected to leave its policy rate steady at two percent during Thursday’s policy meeting, according to Moody’s Analytics. “The near-term prospects remain worrisome for the Philippines as the country copes with an intense domestic...
The Philippines is the “clear laggard” in Asia, Moody’s Analytics declared, noting that its economy will likely return to its pre-pandemic levels only by the end of next year. Decentralized health advice alongside the sluggish COVID-19 vaccine rollout is denting the nation’s recovery, an...
The Philippines is lagging behind in Asia’s economic recovery due to the sharp surge in coronavirus infections, resumption of strict lockdowns in Metro Manila, and a severe shortage of vaccines, Moody's Analytics said. The research arm of debt-watcher Moody’s Investors Service said on Monday,...
Financial intelligence company, Moody’s Analytics, said the Bangko Sentral ng Pilipinas (BSP) is not expected to move the policy rate this week but if the rise in new COVID-19 cases continue, it could cut benchmark rate in the second quarter this year. “We expect the Philippines’ central bank...
The government’s continued movement restrictions will deter the country’s economic recovery this year, one of three major international credit rating agencies said on Thursday, Feb. 18. In a credit opinion, Moody’s Investors Service said that the Philippine economy, as measured by its...
The central bank’s Monetary Board is not expected to move the key rate when it meets for its first policy review for 2021 on Thursday, according to Moody’s Analytics Asia Pacific. “The Philippines’ central bank is expected to keep its key policy rate unchanged at two percent at its...
