I just got back from a legendary week-long vacation in Siquijor, an island paradise in the Philippines for a family reunion / fiesta. Now it's back to business.
Meanwhile, do you know of any news regarding the latest investment upgrade of the Philippine economy?Because that was apparently the only news I cared about while I was enjoying my exile on an island with my family and closest relatives.
If you are a proud investor of the Philippine stock market and the economy in general, you would surely love the news that the country has been upgraded to Investment Grade just last week by Standard and Poor's, an international credit rating firm.
According to Rappler, "An investment grade means the Philippines, as a borrowing country, has a strong ability to pay its debt. This lowers its borrowing costs, generating savings, which may be spend for social services. For Filipinos, it means better education and health care, and affordable loans for major purchases."
So what does this mean for an ordinary Filipino with little to no knowledge about investing in the Philippine economy?
Reading above is nosebleed to an individual who is not used to reading business news and understanding some financial jargon.