The Bangko Sentral ng Pilipinas (BSP) on Thursday confirmed that the Philippines has held on to its investment-grade credit rating of “BBB+” with a stable outlook, as reaffirmed by S&P Global Ratings. The rating outlook was revised from “positive” to “stable” due to the ripple effects of the ongoing Middle East conflict on the global economy.
The Securities and Exchange Commission (SEC) is pushing for the creation of an “umbrella mutual fund” to make investing easier and help grow the country’s capital markets.
The Private Sector Advisory Council (PSAC) is pushing a coordinated set of measures to protect jobs and speed up workforce transformation as global economic uncertainty weighs on employment prospects.