WASHINGTON -- Riding the crest of a resurgent Philippine economy, a top-level investment roadshow is currently touring the United States to lure American investors to Asia's "new breakout nation" and "emerging giant."
Led by prominent economist Bernardo Villegas and Philippine Ambassador to the US Jose Cuisia Jr, the investment mission kicked off its second tour in Southern California, highlighting the attractions of the Philippines in such areas of business as technology, financial services, agriculture and business product outsourcing, among others.More >
A prominent global security scholar has unmasked China’s "grand strategy" of gaining control of the Asia Pacific Region by "creeping expansion" rather than waging major battles.
Dr. Alexander L. Vuving, an associate professor at the Asia-Pacific Center for Security Studies based in Honolulu, Hawaii, wrote in an essay posted by Commentators.com that China is creating its own islands in disputed areas of the South China Sea to leverage its claim on the strategic areas teeming with marine life and potentially huge oil and gas reserves.
Beijing's territorial claims -- based on its self-declared horse shoe-shaped, nine-dashed line map -- cover areas close to the coasts of Brunei, Indonesia, Malaysia, the Philippines, Vietnam and Taiwan.
Moody's raised the Philippines' credit rating by one notch on Thursday, in a further sign of the country's economic transformation.
The Southeast Asian nation, once considered the region's economic laggard, was upgraded to "Baa2" from its previous level of "Baa3"-- the lowest of Moody's investment-grade ranks.
The country has a "stable" outlook, a statement from the credit rating agency said.
The move comes after Moody's, Fitch and Standard and Poor's all raised the Philippines to investment-grade levels in 2013, indicating a lower risk to investors.
Ex-world champions Juan Manuel Marquez and Timothy Bradley and a respected boxing scribe have joined the legendary Muhammad Ali in calling on pound-for-pound king Floyd Mayweather Jr. to fight Filipino ring icon Manny "Pacman" Pacquiao in what is projected to be the richest boxing event in history.