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June, 30, 2016

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Business > Asia > Philippines
Census figures show Philippines failing to tackle rampant poverty
The Philippines has failed to make headway in cutting rampant poverty, with more than one in four citizens deemed poor despite the country's economic growth, according to census figures released Tuesday.
 
Besting more than a hundred other tourism organizations from more than 46 countries, El Nido Resorts won a prestigious Tourism for Tomorrow Award (TTA) during the recent 13th annual World Travel and Tourism Council (WTTC) Global Summit held in Abu Dhabi.
 
Philippine resort wins top global tourism award
Besting more than a hundred other tourism organizations from more than 46 countries, El Nido Resorts won a prestigious Tourism for Tomorrow Award (TTA) during the recent 13th annual World Travel and Tourism Council (WTTC) Global Summit held in Abu Dhabi.
 
Fitch Ratings said Wednesday that it had promoted the Philippines credit rating to investment grade, citing the nation's resilient economy and improved fiscal management.
 
The Philippines' growing momentum in economic growth is due to a large degree to the Aquino administration, whose policies have given local and foreign businessmen fresh impetus to invest in the country, according to the head of one of the world's biggest and most influential financial news organisation.
 
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