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Sovereign credit watcher Fitch Ratings has downgraded further the country’s output growth, or the gross domestic product (GDP), to 5.8 percent this year as part of its assessment on the government’s plan to sell US dollar- and euro-denominated bonds.

Unicapital Group, a prominent independent financial services provider and investment house, is bullish in its outlook for the Philippine equities market and has recommended for investors to take an “overweight" position in, among others, SM Prime Holdings, AREIT Inc., and Metropolitan Bank & Trust Co.

Manila Electric Co., the country’s largest power distributor, has secured the lowest offers for its 600-megaWatt baseload supply requirement through the conduct of a Competitive Selection Process.

The year-old suspension of reclamation activities along Manila Bay is costing San Miguel Corporation hundreds of millions of dollars in additional costs in building the P734-billion Bulacan International Airport.

The Department of Transportation (DOTr), as part of the larger goal of relieving Metro Manila of its horrendous traffic management problems, is exploring the idea of privatizing the operations and maintenance (O&M) of Metro Rail Transit Line 3 (MRT-3) and the Light Rail Transit Line 2 (LRT-2) as separate programs.