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).
Diversified investment holding company Ayala Corp. is reassessing its capital expenditure program for the year as global macroeconomic volatility forces a more cautious investment stance, though the conglomerate is keeping its earnings targets unchanged for now, according to president and CEO Cezar P. Consing.
The Department of Agriculture (DA) is preparing for a possible moderate to strong El Niño later in 2026, warning it could reduce farm output, cut farmers’ incomes, and slow economic growth.
ACMobility, Ayala Corp’s mobility arm, is on track for a financial turnaround after narrowing losses in 2025, with management expecting the business to reach profitability in 2026 as its electric vehicle push gains scale.
The Department of Environment and Natural Resources (DENR) will roll out 660 land titles for public school sites this year, giving schools permanent ownership of the land they occupy.