PH wins investment grade from Moody's

[uls]

yehey the Philippines is now on the same level as Spain -- one of the worst economies in the eurozone

Spain credit rating: http://countryeconomy.com/ratings/spain

EUROPA - PRESS RELEASES - Press release - August 2013 Euro area unemployment rate at 12.0% EU28 at 10.9%

Member States

Among the Member States, the lowest unemployment rates were recorded in Austria (4.9%), Germany (5.2%) and Luxembourg (5.8%), and the highest in Greece (27.9% in June 2013) and Spain (26.2%).

[badkuk]

dedma ang stock market to the news

[Retz]

Does it mean a merry christmas even with the tapering off of the QE3 in the US?

[badkuk]

Does it mean a merry christmas even with the tapering off of the QE3 in the US?

There's one theory that goes: if the US shutdown drags on, it may affect growth. If growth is affected, QE may continue.

Gut feel ko aakyat yan, just a matter of when and by how much -- 6800, 6900, 7000 and beyond?

[uls]

what difference a month makes

low inflation in August

August 2013 inflation at a 4-year low | Official Gazette of the Republic of the Philippines

Cheaper prices of overall consumer goods in Metro Manila brought August 2013 headline inflation to its four-year low, according to the National Economic and Development Authority (NEDA).

This statement came after the National Statistics Office (NSO) reported that headline inflation rate in August 2013 eased to 2.1 percent, from 2.5 percent in July 2013 and 3.8 percent in August 2012. Inflation rate is the percent increase in the prices of goods and services commonly purchased by households, as measured by the Consumer Price Index.

Secretary of Socioeconomic Planning Arsenio M. Balisacan stressed that the slower year-on-year increase of overall consumer prices resulted from reduction of prices in the National Capital Region (NCR) and the slower price adjustments in areas outside NCR.

then in September...

Philippine inflation hits three-month high of 2.7 percent in September | Reuters

(Reuters) - Philippine annual inflation picked up more than expected in September on higher prices of food, non-alcoholic beverages and utilities, the statistics agency said on Friday.

The consumer price index rose 2.7 percent in September from a year earlier, the fastest in three months and picking up from a four-year low hit in August.