Top News
Moody’s upgrades credit rating, paving way for lower borrowing costs and stronger economic growth
Global rating agency Moody’s Investors Service has raised the country’s credit rating, delivering a major vote of confidence in the nation’s financial stability and economic momentum. The rating upgrade reflects the country’s solid economic growth, disciplined fiscal management, and structural reforms that continue to shield the economy from external market turbulence.
Business groups demand removal of baseless 2027 budget insertions
Thirty-four business and civil society groups have urged Congress to strip unsupported project insertions from the proposed P7.2-trillion 2027 national budget, warning that questionable allocations could derail priority infrastructure, raise logistics costs, and weaken investor confidence.
Marcos vows to defend peso as oil-driven inflation pressures economy
President Ferdinand Marcos Jr. has vowed to use the government’s available foreign exchange reserves and policy tools to defend the peso against further depreciation, while acknowledging that surging oil prices and supply-side constraints continue to fuel inflation.
SEC bares new rules for credit rating agencies
The Securities and Exchange Commission (SEC) has issued a revised set of regulations for credit rating agencies, putting in place a stronger system centered on better governance, greater transparency, and improved analyst competence and independence. The updated framework follows global standards set by the International Organization of Securities Commissions, helping bring local practices in line with international best practices.
Energy lifts BOI Jan-Sep investment approvals to P900B
The Philippines’ investment approvals surged to P900.06 billion in the first nine months of 2026, driven overwhelmingly by energy projects and bringing the Board of Investments (BOI) closer to its P1-trillion full-year target.
