Moody’s Ratings (Moody’s) affirmed the country's investment-grade rating of “Baa2” with a “stable” outlook, the Bangko Sentral ng Pilipinas said on Friday.According to the BSP, the credit rating agency cited as key factors the country’s reforms to liberalize the economy, fiscal consolidation efforts, and robust macroeconomic fundamentals.
The Malampaya consortium led by Prime Energy Resources Development BV is on track towards extending the life of the Malampaya gas field with the award of a USD180 million contract to Allseas Nederland (Brasil) B.V.
The Philippines has kept its status as a net creditor country member of the International Monetary Fund that it first gained during then President Joseph Estrada leadership.
The tollway unit of San Miguel Corp. has implemented the second tranche of toll rate adjustments at the South Luzon Expressway, according to the Toll Regulatory Board (TRB).
The Department of Agriculture (DA) has concluded a nationwide series of multi-sectoral consultations on House Bill No. 1, the proposed Rice Industry and Consumer Empowerment (RICE) Act, and other related measures that seek to amend the Rice Tariffication Law (RTL). The consultations aim to gather broad-based insights and recommendations from rice industry stakeholders to ensure that the final version of the proposal is robust and equitable.
Globe Telecom has successfully completed new pilot tests of its satellite-powered mobile service, marking another step toward providing reliable connectivity to all Filipinos, even in remote areas.