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DBM tells agencies to refrain from saving and spend as budgeted instead
Budget Secretary Amenah F. Pangandaman on Monday urged government agencies to further ramp up the disbursement of funds and spend more so as to...
FPH completes acquisition of Ph unit of health care provider Medical Services of America
Lopez-led First Philippine Holdings Corporation (FPH), one of the country’s biggest conglomerates, has completed its acquisition of The Medical Services of America (Philippines) Inc....
Fund managers voted with their feet and brought 4-month portfolio money back to the US
Foreign fund managers have voted with their feet for a third month in a series and repatriated their investments elsewhere.
According to data published by...
IMF flags country’s corporate debt as among the most vulnerable in Asia
The International Monetary Fund on Thursday flagged corporate debt in the Philippines as among the most vulnerable in Asia and urged the monetary authorities...
Fitch affirms country’s investment-grade status
New York-headquartered Fitch Ratings has affirmed the country’s investment-grade credit rating of ‘BBB’ and revised the outlook to ‘stable’ from ‘negative.’
The sovereign has maintained...
