Business

S&P upgrades Philippine credit rating to “BBB+ stable,” a notch away from ‘A’ territory rating

By BSP/via Rocky Ignacio In a vote of confidence, international debt watcher S&P Global upgraded the country’s credit rating from “BBB” to “BBB+” with a “stable” outlook. In a report released Tuesday, 30...

PNB to acquire bank to boost consumer finance biz

By Joann Villanueva/Philippine News Agency MANILA – The Tan-led Philippine National Bank (PNB) targets to acquire a bank to further strengthen its consumer finance. In a briefing Tuesday, PNB president and chief executive...

BSP eyes April inflation between 2.7-3.5%

By Joann Villanueva/Philippine News Agency MANILA -- Higher domestic fuel and electricity prices are seen as upside risks to the country's April 2019 inflation, which is projected to stay between 2.7-3.5 percent. “However,...

Cebu Pacific cancels 116 domestic flights for May 1-10

By Ma. Cristina Arayata/Philippine News Agency MANILA -- Local carrier Cebu Pacific (CEB) has announced the cancellation of 116 domestic flights scheduled for May 1-10. In an advisory, CEB said the cancellation is...

Gov’t urged to expedite approval of power supply deals

By Aerol John Pateña/Philippine News Agency MANILA -- The Manila Electric Company (Meralco) has urged the government to expedite the approval of its power supply deals amid the current energy shortage in...

Local markets up on higher-than-expected US Q1 GDP

By Joann Villanueva/Philippine News Agency MANILA – The US economy's higher-than-expected expansion in the first quarter of 2019 boosted both the Philippine Stock Exchange index (PSEi) and the Philippine peso Monday, the...
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