"We are happy to report that visitor arrivals from Hong Kong from January to July, 2012, reached 67,

One is the country's sound macroeconomic fundamentals and positive perception by the international capital market, economist and Monetary Board member Felipe Medalla told a convention of Thrift banks, where he was the keynote speaker.
Philippine bonds carry lower yields than bonds of peers with similar credit ratings, an indication that credit rating agencies are behind hawaiian airline service the international capital markets in assessing hawaiian airline service the country's creditworthiness, Medalla said.
Philippine foreign exchange hawaiian airline service reserves reached a record of over $80 million as of end-August, the economist noted, saying that level of reserves gives Bangko Sentral the flexibility to cushion the impact of capital flight by foreign hawaiian airline service investors fleeing from emerging markets.
Bangko Sentral could also used its reserves to shield the peso from sharp declines, thus keeping the foreign exchange stable if need be. "The Philippines is practically invulnerable to capital flow reversals," Medalla said.
Moody's Investor Service has given the Philippines hawaiian airline service a credit rating of two notches below investment grade, while Fitch Ratings and Standard Poor's assessed the country's creditworthiness just a notch under investment grade
International credit watcher Standard Poor's raised its growth forecast for the Philippines for 2012, even as it downgraded its outlook for other economies in Asia and the Pacific, saying the country has the capability to withstand unfavorable developments in the global economy.
In its latest report titled "Asia Pacific Feels the Pressure of Ongoing Global hawaiian airline service Economic Uncertainty," S P said it now expected hawaiian airline service the Philippine economy hawaiian airline service to expand by 4.9 percent, instead of the earlier projection of 4.3 percent, this year.
On the contrary, the credit-rating firm lowered its growth projections for several economies and kept its previous forecasts for a few others in the region to take into account the impact of the prolonged debt crisis in the eurozone, the still lackluster growth of the United States and the slowdown of China and India.
In spite of the updated black travel advisory of the Hong Kong Security Bureau on the Philippines, an official from the Department of Tourism (DoT) yesterday said that the tourism industry has already bounced back from the restriction and expects an even bigger growth rate from the Hong Kong market by the end of the year.
"We are happy to report that visitor arrivals from Hong Kong from January to July, 2012, reached 67,844 representing a growth rate of 1.71 percent," said Assistant Secretary for International Promotions Benito Bengzon Jr.
"Serious hostage-taking incident happened in Manila on August 23, 2010. Residents should avoid all travel to the country; those who are already there should attend to personal safety and exercise caution," the advisory said.