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).
Rizal Commercial Banking Corp. (RCBC), the country’s 6th largest lender by assets, is deepening its financial inclusion push through a partnership with Tambunting Pawnshop, bringing digital banking services to more underserved communities through over 100 branches nationwide.
The Philippine Economic Zone Authority (PEZA) is ramping up its green industrialization agenda, with renewable energy investments emerging as a key pillar in its bid to make Philippine ecozones more competitive and attractive to global investors.
The Philippines has made notable gains from trade-driven growth, but sustaining that momentum will require a sharper focus on reducing trade costs, improving logistics, and streamlining border procedures, according to the World Trade Organization (WTO).