Business

S&P gives PH’s proposed ROP issuance ‘BBB’ rating

By Joann Villanueva/PNA MANILA -- Credit rater S&P Global Ratings on Monday gave the Philippines’ proposed benchmark US dollar-denominated bond issuance a ‘BBB’ rating, the same rating it bestowed upon the country. “The...

Astoria completes P1.5-B Boracay resort

By Kris Crismundo/PNA MANILA -- Astoria Hotels & Resorts (AHR) has inaugurated its newly-completed PHP1.5-billion Astoria Current in Boracay Island after getting clearance from the government. Astoria Current is among the first resorts...

Risk-on sentiment energize local markets Monday

By Joann Villanueva/PNA MANILA -- Investors' expectations that the US-China trade talks this week will go a long way towards ending the trade war helped boost the Philippine Stock Exchange index (PSEi)...

AboitizPower to provide energy for Batangas ecozone

By Kris Crismundo/PNA MANILA -- AboitizPower Corp. will provide energy services for Light Industry & Science Park (LISP) IV in Malvar, Batangas, one of the latest economic zone projects of Science Park...

PH T-bill rates rise on year’s 1st auction

By Joann Villanueva/PNA MANILA -- The rates of Philippine Treasury bills (T-bills) rose across-the-board Monday, with strong demand being behind the rise in longer tenors, which National Treasurer Rosalia De Leon attributed...

Tax increase not yet reflected in Tuesday’s oil price hike

By Kris Crismundo/PNA MANILA -- Oil companies announced a hike in fuel prices on Tuesday, January 8, but clarified that this increase is not yet due to the Tax Reform for Acceleration...
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