Philippines

S&P gives ‘BBB+’ rating to planned PH USD bond issuance

By Joann Villanueva   MANILA (Philippines News Agency) –  The country’s planned benchmark-sized senior unsecured US dollar bond issuance has been given a ‘BBB+’ rating by S&P Global Ratings. In a report, the debt rater said the rating is similar with that of the sovereign outlook on which is Stable. “The notes represent direct, general, unconditional, unsecured, … Continue reading

Philippines

PH economy still among Asia’s fastest amid easing inflation

PH economy still among Asia’s fastest amid easing inflationBy Leslie Gatpolintan MANILA (Philippines News Agency) — The Philippine economy remained one of the best performers in Asia after rebounding from an initial slowdown in the first two quarters of 2019 amid obstacles, reflecting the government’s spending catch-up and easing inflation. Socioeconomic Planning Secretary and National … Continue reading

Philippines

Bangko Sentral ng Pilipinas eyes February 2019 inflation between 3.7-4.5%

BSP eyes February 2019 inflation between 3.7-4.5% By Joann Villanueva MANILA (Philippines News Agency) — Higher domestic oil prices as well as higher electricity rates are seen as the primary drivers of inflation in February 2019, which the Bangko Sentral ng Pilipinas (BSP) forecasts to range between 3.7-4.5 percent. In a statement Thursday, the BSP … Continue reading

Philippines

PH still among Asia’s fastest growing economies

PH still among Asia’s fastest growing economies By Leslie Gatpolintan MANILA (Philippines News Agency) — The Philippines remained one of the fastest growing economies in Asia even after posting slightly slower growth at 6.1 percent in the third quarter, due to weaker agriculture output and ‘temporary’ decline in household spending over an inflation surge. In … Continue reading

Philippines

Production output, value up in September

Production output, value up in September By Kris Crismundo MANILA (Philippines News Agency) — Both volume and value of production in September this year posted notable increments, the Philippine Statistics Authority (PSA) reported Tuesday. Figures bounced back from September 2017, with the volume of production index (VoPi) increasing by 4 percent this year from a … Continue reading

Philippines

Duterte values Toyota’s role as major PH economy driver

Duterte values Toyota’s role as major PH economy driver By Jelly Musico MANILA (Philippines News Agency) – President Rodrigo R. Duterte on Wednesday recognized the Toyota Motor Philippines (TMP) as “major driver” of the Philippine economy. “Toyota Motor [Philippines] is not only a leader in the production of quality vehicles. It is also a major … Continue reading