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S&P upgrades PH credit outlook to ‘Positive,’ paving way for potential A-rating

S&P Global Ratings has raised the country's credit rating outlook to "positive," signaling a potential upgrade to an "A-" rating within the next 24 months.

T-bill rates tick higher in anticipation of global monetary shifts

The average rates of treasury bills were higher at the auction Monday as the market awaits further monetary policy signals both from the US and the Bangko Sentral ng Pilipinas.

Meat imports surge as holiday season winds up

The Philippines has seen a notable increase in meat imports during the first nine months of 2024, with total shipments reaching 1.04 billion kilograms, a 12.6 percent jump from only 923.16 million kilograms in the same period last year.

PH, New Zealand forge stronger ties on climate action

The Philippines and New Zealand have taken a significant step in strengthening their climate change collaboration by signing a joint declaration on 19 November, committing to the goals of the Paris Agreement and the transition to a low-emissions economy.

MPTC reshuffles exec team in bid for operational excellence

Metro Pacific Tollways Corporation (MPTC) on Friday announced a strategic reshuffle of its leadership team to strengthen its financial management and operational performance, effective immediately.

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Aboitiz deepens Vietnam push across key sectors

The Aboitiz Group is ramping up its Vietnam expansion, leveraging investments in energy, food security, and infrastructure as economic ties between Manila and Hanoi gain momentum under a deepening bilateral partnership.

Senator Estrada claims politics behind plunder case

Senator Jose 'Jinggoy' Estrada on Monday maintained his innocence in the plunder charges filed against him, alleging that the case is part of a political effort to weaken the Senate bloc aligned with Vice President Sara Duterte. Estrada claimed he had received several offers to have the plunder and graft cases dropped if he agreed to leave the new Senate majority coalition but rejected them. Estrada said he cannot sacrifice the independence of the Senate to improve my personal circumstances. The beleaguered lawmaker framed the plunder case as an assault on the autonomy of the Senate, which “must remain free from political coercion, free from undue influence, and free from any scheme designed to weaken its constitutional role as a co-equal and independent branch of government.”

Senator Jinggoy Estrada arrested; no bail recommended

Interior Secretary Jonvic Remulla said he led the police on Monday to arrest Senator Jose 'Jinggoy' Estrada at the Senate following the issuance of an arrest warrant in a plunder case, despite objections from Senate leaders. Remulla said authorities moved swiftly to enforce the warrant to avoid a repeat of the escape of Senator Ronald 'Bato' dela Rosa. He noted that the Sandiganbayan did not recommend bail for Estrada and four co-accused. Former Public Works Secretary Manuel Bonoan has surrendered to authorities but was taken to a hospital for medical treatment, Remulla added.

Prices slash across all fuels; PH plans regional reserves with Japan’s help

The Department of Energy (DOE) confirmed this week will see broad price rollbacks, with reductions starting at P4.76 per liter for gasoline, P9.26 for diesel, and P10.86 for kerosene.

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