'Thorns' in PH's 'beautiful' growth story?

Posted at 02/13/2013 5:24 PM

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Bangko Sentral ng Pilipinas deputy governor Diwa Gunigundo says he's confident government policies and programs will earn the Philippines investment grade rating this year. He said this is "a tipping point" for the Philippines.

An investment grade rating could just make the Philippines more attractive to foreign investors. That would boost the flow of dollars that has already made the peso one of the region's strongest currencies, hurting dollar earners like OFWs, exporters, BPOs and even the tourism industry.

The BSP has already taken various steps to curb dollar inflows. ANC News Now, February 13, 2013