1. Strong GDP Performance – The Philippines grew 5.3% in the 3rd Quarter of 2014 – still one of the fastest growing economies among major Asian countries for the period.
2. Credit Rating Upgrade – this tells the world how safe it is to invest in a country. Philippines was awarded Investment Grade by 4 of the biggest agencies worldwide.
• Fitch Group upgraded the Philippines to BBB- from BB+ as its first ever investment grade rating (Reuters, March-2013)
• Standard and Poor’s lifted the Philippines’ credit rating also to BBB- after Fitch (Reuters, May-2013)
• Japan Credit Rating Agency Ltd. (JCRA) also granted the Philippines an investment grade rating (Rappler, May-2013)
• Moody’s recently upgraded the Philippines’ rating by one notch to Baa3 with a “positive” outlook (Bloomberg, Oct-2013)
3. Strong Remittance Inflows – Overseas Filipinos’ remittances are powering low-end to mid-range residential property market.
4. High Rental Yields – Rentals are visibly rising, as confidence continues to increase, with more foreign investment and improved infrastructure coming into the country.
5. Best Stock Market – Philippine stocks have soared to all-time highs this year now that it earned an investment grade credit rating from 4 of the biggest global credit agencies.