Tag: Editors' Picks
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Fitch projects better reinsurance activities in lead up to 2024
Global credit watcher Fitch Ratings has recalibrated the year's reinsurance outlook to "improving" from "neutral" a while earlier to reflect the sector's strengthening financial performance going into 2024.
Government outstanding debt rises by P99.44B to P14.24T in July
The Philippines’ outstanding national government debt increased further in July, rising by P96.44 billion to P14.24 trillion.
Meralco rates up in September on higher generation charge
After the combined rate reduction of P1.0121 in the past two months, the Manila Electric Company (Meralco) announced Friday an upward adjustment of P0.5006 per kWh in the electricity rate this September. With this, overall rate for a typical household is P11.3997 per kWh this month from P10.8991 per kWh in August.
DA boasts of 95 percent retailer compliance to EO 39
The Department of Agriculture on Thursday boasted of 95 percent compliance by rice retailers to Executive Order 39 capping the price of the staple to a set number.
Foreign currency reserves marginally lower in August
The gross international reserves (GIR), an indication of a country's capacity to pay for maturing foreign debt and trade obligations, stood marginally lower in August to $99.8 billion from only $99.9 billion in July, the Bangko Sentral ng Pilipinas (BSP) said on Thursday.
