The Philippine economy grew 7.8% in the first quarter of 2013
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SENATOR of PHILIPPINES
As of 2013-May-18 10:06 PM
Candidate Party Votes POE, GRACE IND 16,339,187 LEGARDA, LOREN (NPC) NPC 14,941,738 ESCUDERO, CHIZ IND 14,136,096 CAYETANO, ALAN PETER (NP) NP 14,128,779 BINAY, NANCY (UNA) UNA 13,309,965 ANGARA, EDGARDO (LDP) LDP 12,852,482 AQUINO, BENIGNO BAM (LP) LP 12,375,427 PIMENTEL, KOKO (PDP) PDP 11,845,039 TRILLANES, ANTONIO IV (NP) NP 11,388,418 VILLAR, CYNTHIA HANEPBUHAY (NP) NP 11,069,285 EJERCITO ESTRADA, JV (UNA) UNA 11,009,914 HONASAN, GRINGO (UNA) UNA 10,620,409 GORDON, DICK (UNA) UNA 10,159,561 ZUBIRI, MIGZ (UNA) UNA 9,489,595 ENRILE, JUAN PONCE JR.(NPC) NPC 9,167,061 MAGSAYSAY, RAMON JR. (LP) LP 9,153,186 HONTIVEROS, RISA (AKBAYAN) AKBAYAN 8,900,192 HAGEDORN, ED IND 6,876,516 VILLANUEVA, BRO.EDDIE (BP) BP 5,603,356 MADRIGAL, JAMBY (LP) LP 5,408,998 MAGSAYSAY, MITOS (UNA) UNA 4,484,180 CASIÑO, TEDDY (MKB) MKB 3,491,298 MACEDA, MANONG ERNIE (UNA) UNA 2,746,235 COJUANGCO, TINGTING (UNA) UNA 2,405,559 DELOS REYES, JC (KPTRAN) KPTRAN 988,738 ALCANTARA, SAMSON (SJS) SJS 957,141 BELGICA, GRECO (DPP) DPP 898,655 PENSON, RICARDO IND 825,085 DAVID, LITO (KPTRAN) KPTRAN 820,984 MONTAÑO, MON IND 777,417 LLASOS, MARWIL (KPTRAN) KPTRAN 564,262 SEÑERES, CHRISTIAN (DPP) DPP 561,015 FALCONE, BAL (DPP) DPP 516,829
MANILA (2ND UPDATE) -- The Philippines got its first long-coveted investment-grade rating on Wednesday, as Fitch Ratings gave the country a 'BBB-' with a stable outlook.
An investment grade status opens up the country to more investments that can lead to additional jobs and funds for infrastructure, and help create sustainable economic growth.
"The Philippine economy has been resilient, expanding 6.6% in 2012 amid a weak global economic backdrop. Strong domestic demand drove this outturn," Fitch said in a statement. (For the full statement, click here.)
But the credit rater expects the economy to slow down to 5.5% this year, lower than government estimates of a 6-7% growth.
Fitch lauded the improvements in Philippines' fiscal management that began under former President Gloria Macapagal-Arroyo that made "general government debt dynamics more resilient to shocks."
These improvements, the debt watcher said, made the country's strong economic and moderate budget deficits in line with investment-grade status.....