{"id":104320,"date":"2017-05-27T05:07:36","date_gmt":"2017-05-27T09:07:36","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=104320"},"modified":"2017-05-27T05:07:36","modified_gmt":"2017-05-27T09:07:36","slug":"solid-fundamentals-buoyed-philippine-economy-despite-martial-law-in-mindanao","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2017\/05\/27\/solid-fundamentals-buoyed-philippine-economy-despite-martial-law-in-mindanao\/","title":{"rendered":"Solid fundamentals buoyed Philippine economy despite Martial Law in Mindanao"},"content":{"rendered":"<p><figure id=\"attachment_99240\" aria-describedby=\"caption-attachment-99240\" style=\"width: 800px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/04\/800px-WTMP_A-trio_a8_2.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-99240\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/04\/800px-WTMP_A-trio_a8_2.jpg\" alt=\"The economy has ample buffers to withstand adverse effects of the current unrest in Mindanao as traders favored the Philippines, the Department of Finance (DOF) said on Friday.  (Photo by Edgar Dann Alcantara, Sheena Thea Alcantara, Sheera Thea Alcantara (Wikipedia Takes Manila participant) (Uploaded from Wikipedia Takes Manila) [CC BY-SA 3.0 (http:\/\/creativecommons.org\/licenses\/by-sa\/3.0)])\" width=\"800\" height=\"450\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/04\/800px-WTMP_A-trio_a8_2.jpg 800w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/04\/800px-WTMP_A-trio_a8_2-300x169.jpg 300w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/04\/800px-WTMP_A-trio_a8_2-768x432.jpg 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/a><figcaption id=\"caption-attachment-99240\" class=\"wp-caption-text\">The economy has ample buffers to withstand adverse effects of the current unrest in Mindanao as traders favored the Philippines, the Department of Finance (DOF) said on Friday. (Photo by <a href=\"https:\/\/commons.wikimedia.org\/wiki\/File%3AWTMP_A-trio_a8_2.JPG\">Edgar Dann Alcantara, Sheena Thea Alcantara, Sheera Thea Alcantara (Wikipedia Takes Manila participant) (Uploaded from Wikipedia Takes Manila) [CC BY-SA 3.0 (http:\/\/creativecommons.org\/licenses\/by-sa\/3.0)]<\/a>)<\/figcaption><\/figure>MANILA\u2014The economy has ample buffers to withstand adverse effects of the current unrest in Mindanao as traders favored the Philippines, the Department of Finance (DOF) said on Friday.<\/p>\n<p>Finance Secretary Carlos Dominguez III said that the country\u2019s solid macroeconomic fundamentals buoyed the local bourse and the peso despite President Duterte\u2019s declaration of Martial Law in Mindanao.<\/p>\n<p>On Thursday, the bellwether Philippine Stock Exchange index (PSEi) added 33.83 points or 0.42 percent to close at 7,871.65, while the peso ended stronger against the greenback at P49.83 from P49.995 in the previous day.<\/p>\n<p>National Treasurer Rosalia De Leon said the Philippines\u2019 ample buffer positioned the country to weather changes in global environment, noting the nation\u2019s external debt-to-gross domestic product at 24.5 percent is one of the lowest in the region.<\/p>\n<p>She also said that the country has a current account surplus since 2003, while its net foreign direct investments at USD7.933 billion in 2016, which is higher by 41 percent year-on-year.<\/p>\n<p>The Philippines also has healthy level of international reserves at USD81.8 billion, equivalent to nine months of import cover.<\/p>\n<p>Further, De Leon said the government\u2019s fiscal position remained strong and is well managed with only 2.3 percent deficit-to-GDP as end-March this year, while its debt-to-GDP ratio stood at 41.9 percent.<\/p>\n<p>\u201cThe government\u2019s average maturities is over 10 years and we have declining vulnerability to foreign exchange shocks with only 34.2 percent share of FX debt to total,\u201d De Leon said.<\/p>\n<p>\u201cWe continue to increase our reliance to peso funding taking advantage of ample liquidity,\u201d she added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA\u2014The economy has ample buffers to withstand adverse effects of the current unrest in Mindanao as traders favored the Philippines, &hellip;<\/p>\n","protected":false},"author":33,"featured_media":99240,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[11506],"class_list":["post-104320","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-department-of-finance","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/104320","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=104320"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/104320\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/99240"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=104320"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=104320"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=104320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}