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Asia Daily Flash | 27 March 2013: Philippines achieved investment grade; China cut fuel price; China PM urged more reforms

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Published on Wednesday, March 27, 2013

Asia Daily Flash | 27 March 2013: Philippines achieved investment grade; China cut fuel price; China PM urged more reforms

The Philippines became the latest economy in Asia to receive a sovereign ratings upgrade, reaching investment grade by Fitch. Its stock market rallied by 2.7%; the peso appreciated by 0.5% to 40.8/USD