Sunday, 15 June 2025, 3:29 pm

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    Maya’s strength is the bank, not its wallet – MVP

    Digital bank and e-wallet platform Maya is unlikely to undertake an initial public offering (IPO) in the next two years, according to the man...

    January-May tourist arrivals increase 14% to 2.56 million

    Tourist arrivals in the Philippines surged by 14 percent year-on-year in the first five months of this year, reaching 2.56 million, despite a double-digit decline in the arrivals of Filipinos living overseas, based on data from the Department of Tourism.

    NFA has enough palay to support four days of consumption

    The National Food Authority (NFA) has purchased 3.32 million 50-kilo bags of palay as of 5 June this year of which over 3.17 million bags were purchased from rice farmers the past six weeks.

    Fitch maintains sovereign’s credit status as investment-grade

    Fitch Ratings has kept the country's standing as an investment grade issuer or one whose sovereign debt is rated a triple B or BBB, the Bangko Sentral ng Pilipinas said.

    MB member Anita Linda Aquino resigns

    Monetary board member Anita Linda Aquino, just under four years as member of the policy-making body of the Bangko Sentral ng Pilipinas, has resigned in the wake of a scandal involving ghost central bank employees.

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    SEC clears Aboitiz Power’s P100-B bond shelf program

    The Securities and Exchange Commission (SEC) has approved Aboitiz Power Corp.’s shelf registration for up to P100 billion in fixed-rate bonds over three years, the company said following the SEC's en banc approval.

    RCBC backs conservative play as rates peak and uncertainty ningers

    Yuchengco-led Rizal Commercial Banking Corp. (RCBC) is urging clients to adopt a conservative investment strategy focused on short-term, low-risk instruments such as government securities, citing current economic uncertainty and high yield levels.

    PNR reopens Binahan Bridge, restores key south Luzon rail link

    The Philippine National Railways (PNR) has completed the restoration of the Binahan Bridge in Ragay, Camarines Sur, nearly two months after Typhoon Kristine caused extensive damage. The bridge's repair is a key milestone in the broader effort to rehabilitate and expand rail services across Southern Luzon.

    External debt surge narrows BSP policy space

    The country's external debt climbed to US$146.74 billion as of end-March 2025, marking a 6.6 percent increase quarter-on-quarter and 14 percent rise year-on-year, according to the Bangko Sentral ng Pilipinas (BSP).

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