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2020 SMDC 01.pptx
- 2. 28 consecutive quarters of sustained growth. Average growth of 6.6% from 2012 to 2018 PHILIPPINES SUSTAINS GROWTH
- 3. PHILIPPINES SUSTAINS GROWTH Cambodia Vietnam Lao People’s Democratic Republic Myanmar Philippines Indonesia Malaysia Thailand Singapore Brunei Darussalam 6.0%
- 4. Capital Appreciation of SMDC Properties (Home Beside The Malls) 60,000 123,776 - 20,000 40,000 60,000 80,000 100,000 120,000 140,000 Nov-07 Dec-18 Grass Residences 106% 62,601 120,642 - 20,000 40,000 60,000 80,000 100,000 120,000 140,000 Oct-08 Dec-18 Field Residences 92%
Editor's Notes
- Philippine GDP growth is forecasted to remain strong at around 6% this year, making us among the fastest growing economies in the region and in the world. Economic growth slowed down in the first half of 2019, driven by a deceleration in investment growth due to contraction in public spending and weaker global economy. S&P grade rating of the Philippines is currently BBB+ - “We raised the rating to reflect the Philippines’ strong economic growth trajectory, which we expect to continue to drive constructive development outcomes and underpin broader credit metrics over the medium term,” S&P said. “The rating is also supported by solid government fiscal accounts, low public indebtedness and the economy’s sound external settings.”** Standard & Poor's credit rating for Philippines stands at BBB+ with stable outlook. Moody's credit rating for Philippines was last set at Baa2 with stable outlook. Fitch's credit rating for Philippines was last reported at BBB with stable outlook.*** *https://www.worldbank.org/en/country/philippines/publication/philippines-economic-update-october-2019-edition **https://business.inquirer.net/269573/surging-economy-earns-ph-highest-credit-rating-in-history#ixzz5migQaqiP ***https://tradingeconomics.com/philippines/rating
- GDP growth in the Philippines was supported by a rebound in government expenditure, particularly on infrastructure. Sustained robust private consumption, rising by 5.8% in the first 3 quarters, made the largest contribution to growth.* According to the World Bank, amidst rising global uncertainties, the Philippine economy remains strong and is projected to grow 6.1% and 6.2% in 2020 and 2021, respectively. The optimism is due to the strong macroeconomic fundamentals and high growth prospects - robust public and private investment, promising foreign direct investments, domestic consumption, increasing remittances from Overseas Filipino Workers, the growing business processing outsourcing industry (BPO and KPO), and infrastructure spending is driving the sustained growth of the economy. *https://www.adb.org/sites/default/files/publication/543066/ado-supplement-december-2019.pdf