The Daily Manila Shimbun

 

S&P upgrades Philippine credit rating to “BBB+ stable,” a notch away from ‘A’ rating

April 30, 2019

International debt watcher S&P Global upgraded the country’s credit rating from “BBB” to “BBB+” with a “stable” outlook. In a report released April 30, S&P recognized the strengths of the Philippine economy that affirms the country’s creditworthiness. The new rating

READ MORE

Cebu Pacific cutting May flights, won’t affect profitability

April 30, 2019

Cebu Pacific on Tuesday said flight cancellations would not have significant impact on its operations and profitability. Cebu Pacific said it will be reducing about 10 flights a day out of a daily operations of 400 flights for May. The

READ MORE

BSP sees inflation between 2.7%-3.5% in April

April 30, 2019

The Bangko Sentral ng Pilipinas ( BSP) sees April inflation ranging between 2.7-3.5 percent, which is the government target for 2019. “Higher domestic oil prices and the slight upward adjustment in electricity rates are seen to provide upside price pressures

READ MORE

Stocks, peso end higher

April 29, 2019

Philippine stocks and the peso closed higher on Monday. The peso settled at P52.11 against the US dollar from Friday’s P52.18. Volume at the foreign exchange portal of the Bankers Association of the Philippines reached $957.02 million from the previous

READ MORE

World Bank to act on PHL call for closer coordination with ADB – DOF

April 28, 2019

The World Bank has responded positively to the Philippines’ call for the institution to closely coordinate its efforts and explore complementarities with the Asian Development Bank (ADB) to more efficiently and effectively deliver development assistance and aid to countries in

READ MORE

Stocks, peso finish lower

April 26, 2019

Philippine stocks and the peso ended lower on Friday. The peso closed at P52.18 against the US dollar, down four centavos from Thursday. Volume at the foreign exchange portal of the Bankers Association of the Philippines reached $787.81 million from

READ MORE

Stocks, peso finish higher

April 25, 2019

Philippine stocks and the peso closed higher on Thursday. The peso gained nine centavos to end at P52.14 against the US dollar. Volume at the foreign exchange portal of the Bankers Association of the Philippines reached $961 million from Wednesday’s

READ MORE

Philippines-Taiwan mutual economic ties remain strong

April 25, 2019

The Philippines continues to be a major source of manpower for Taiwan’s electronics industry. This is according to Kristy Hsu, director of the Taiwan ASEAN Studies Center at the Chung Hua Institution for Economic Research (CHIER), during a recent public

READ MORE