by: Sarah Joson
Tuesday, December 15, 2015 | Outsourcing News |
The five founding members of the Association of Southeast Asian Nations are Indonesia, Malaysia, the Philippines, Singapore, and Thailand.
Moody’s current rating for the Philippines is “Baa2” with a stable outlook, which is two scores higher than the minimum investment grade.
According to the report, Malaysia and the Philippines are cited to have the largest share of portfolio investments in their international liabilities out of the six self-governing nations.
Malaysia showed signs of political uncertainty, capital account volatility, and currency pressures in 2015, while the Philippines avoided similar outflows anchored on stable economic and policy environments.
However, Moody’s pointed out in the report that the Philippines remained resilient against foreign currency reserves from hot money outflows, which is likewise experienced by India, Singapore, and Thailand as they benefitted from the appreciation of currencies, unlike their trading counterparts.
We can help you understand the possibilities. Reach out to us today.