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PH keeps high credit rating despite debt surge

MANILA, Philippines — Debt watcher Fitch Ratings on Monday not only kept the Philippines’ investment-grade credit ratings of “BBB&rdRead More



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Fairways & Bluewater Resort Boracay shines in the 2021-01-15 19:00:06Fairways & Bluewater Resort Boracay is proud to announce its recent global tourism and hospitality recognition and awards. Along with the recognit

DA sees higher vegetable prices 2021-01-15 16:00:32Filipino consumers must brace themselves for another wave of possible price increases in vegetables this year after data from the Department of Agricu

Naia rehab hopes dim 2021-01-15 15:50:55A major rehabilitation plan for Manila’s Ninoy Aquino International Airport (Naia) was thrown into limbo after the Duterte administration turned

Congress urged to pass tax perks bill 2021-01-15 15:40:26Fifty-one trade and industry groups urged lawmakers to pass a crucial tax reform bill that is being held up in a bicameral committee, keeping struggli

Market bets on second-liners as PSEi dips 2021-01-15 15:30:55The stock barometer slipped on Friday as smaller-cap stocks continued to dominate trading activities in the local market. The main-share Philippine St

Gov’t to borrow P540B from Bangko Sentral to 2021-01-15 15:20:20The central bank will lend the national government a fresh short-term loan of more than half a trillion pesos—the third such use by the Duterte

At P10,266/Filipino, PH’s virus response lags behind peers’ 2021-01-15 15:10:20With at least P74.5 billion set aside in the 2021 national budget for direct health and medical response to COVID-19, including mass vaccination, the

COVID-19, climate change and water security 2021-01-15 15:00:25With the double whammy of COVID-19 and climate change, we must now assess the situation of our water security. First, the good news. Last Dec. 18, the

Twelve houses 2021-01-15 14:50:06(First of two parts) I was recently standing on the marble floors on the steps of a project when, while looking at the balusters and handrails I was h

Angeles City: Of heritage sites and happening places 2021-01-15 14:45:05Angeles City in Pampanga boasts of a rich history and a fascinating culture. For culinary aficionados, it is the birthplace of sisig, a famous dish th

Angkla Beach Club and Boutique Resort 2021-01-15 14:40:14Welcome to Angkla Beach Club and Boutique Resort, a scenic spot nestled along the strikingly beautiful stretch of white sand in Nacpan Beach, El Nido.

On passing through easements 2021-01-15 14:35:49(First of two parts) “We keep passing unseen through little moments of other people’s lives,” said writer and philosopher Robert M.

philstar.com - Business

Ayala vehicle unit plans more launches 2021-01-15 11:00:00The vehicle distribution business of Ayala Corp. is planning to launch at least six vehicle models and open six company-owned dealerships within the y

Fruitas hikes 2021 capex, readies expansion abroad 2021-01-15 11:00:00Fruitas Holdings Inc. is preparing for a strong rebound this year with the possibilitity of expanding abroad.

DPWH, CRBC ink P19.3 billion contract for Samal-Davao 2021-01-15 11:00:00The Department of Public Works and Highways and China Road and Bridge Corp. have signed a P19.32-billion design and build contract for the 3.98-kilome

MerryMart ventures into wholesale trade 2021-01-15 11:00:00MerryMart Consumer Corp., the grocery chain of tycoon Edgar “Injap” Sia II, is expanding into wholesale operations, competing with other w

Lessons from an interview 2021-01-15 11:00:00I enjoyed the interview conducted by David Rubenstein, and his subject at that time happened to be the wealthiest person in the world Jeff Bezos.

Over 50 business groups back passage of CREATE 2021-01-15 11:00:00Over 50 business groups have joined the call for the immediate enactment into law of the Corporate Recovery and Tax Incentives for Enterprises bill, n

SEC clears PNB asset transfer 2021-01-15 11:00:00The Securities and Exchange Commission has allowed Philippine National Bank to transfer its low-earning assets to a wholly owned holding firm in a bi

Lexus marks 12th year in Philippines 2021-01-15 11:00:00Toyota’s high-end unit, Lexus, is celebrating 12 years in the Philippines – a milestone that represents Filipinos’ trust and satisfa

NTC exceeds 2020 collection target by 53% 2021-01-15 11:00:00The National Telecommunications Commission exceeded its collection target by more than half last year despite the challenges brought about by the COVI

AboitizPower keeps lead in generation output 2021-01-15 11:00:00Aboitiz Power Corp. remains the leading power generator in the country, based on latest data from the Department of Energy.

DA officials reshuffled 2021-01-14 11:00:00The Department of Agriculture reshuffled officials in key positions as part of its strategy to improve the performance of the farm sector this year.

Holcim to spend P121 million for waste management 2021-01-14 11:00:00Holcim Philippines Inc. will pour in P121.5 million to improve its waste management capabilities.

The Standard

Gross international reserves surged to $110B in December 2021-01-15 08:15:00The gross international reserves rose by $5 billion in December to a record $109.8 billion at the end of 2020 from $104.82 billion in November, surpas

Stocks fall; Basic Energy, Apollo Global buck trend 2021-01-15 08:10:00The stock market retreated Friday along with the rest of Asia, as the region met Joe Biden’s $1.90-trillion stimulus proposal with a shrug.

Manila Water, Tubig Pilipinas sign San Jose supply 2021-01-15 08:05:00Manila Water Co. Inc. said Friday its unit signed a water supply agreement with Tubig Pilipinas Group Inc. and San Jose City Water District to provide

Alsons gets ‘PRS A plus’ rating on P2B 2021-01-15 08:00:00The proposed P2-billion debt issuance of Alsons Consolidated Resources Inc. received a “PRS A plus (corp.)” rating with a stable outlook f

DOF secures $13.36B foreign loans, grants for COVID-19 2021-01-15 07:55:00The Department of Finance said Friday it secured $13.36 billion in loans and grants from external sources for the government’s COVID-19 response

‘21 e-commerce sales expected to expand to $4.42B 2021-01-15 07:50:00The Philippine e-commerce is expected to expand by at least 47.3 percent in 2021 to $4.42 billion in terms of revenues, the Lobien Realty Group said F

Samsung unveils S21 smartphone lineup, cuts price from 2021-01-15 07:45:00San Francisco---Samsung on Thursday unveiled a new Galaxy S21 smartphone lineup, with prices lowered by some $200 from the prior generation of the Sou

COVID-19 prompts popular travel spots to rethink mass 2021-01-15 07:40:00Paris, France---The coronavirus pandemic has forced famous tourist destinations to question their business model, though economic realities are likely

China’s 2020 GDP growth slowest in over four 2021-01-15 07:35:00Shanghai---China’s economy grew last year at its slowest pace since transformative market reforms of the 1970s, according to an AFP poll of econ

UK economy shrank 2.6% in November 2021-01-15 07:30:00London---The British economy slumped 2.6 percent in November, official data showed on Friday, hitting reverse on the back of government restrictions a

Car sales sank 40% to 276,232 in 2020 2021-01-14 05:50:11Vehicle sales fell 39.6 percent in 2020 from a year ago because of the impact of the quarantine restrictions imposed by the government to contain the

DPWH signs P19.3-b contract with Chinese firm to 2021-01-14 05:45:10The Department of Public Works and Highways said Thursday it signed a P19.32-billion contract with China Road and Bridge Corp. for the design and cons

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India vaccinates over 190,000 on first day of New! 2021-01-16 09:55:51Health Ministry said that it had received complaints of the Co-WIN digital platform being slow

Coronavirus LIVE: Over 190k people vaccinated today, says New! 2021-01-16 09:43:09Coronavirus live updates: India has rolled out two coronavirus vaccines - Covishield and Covaxin. Globally, more than 94 million people have been infe

RML Hospital's resident doctors association apprehensive about Covaxin New! 2021-01-16 09:10:58With one hour to go before the vaccination process ended, only 31 people had taken the jab

National capital's Covid-19 vaccination drive starts with a New! 2021-01-16 09:07:39Delhi planned to vaccinate over 8,100 people at 81 vaccination centres on Saturday

First phase of Covid vaccination drive off to New! 2021-01-16 08:01:15Over 700,000 people to be vaccinated within a week in Karnataka

UP joins Covid vaccination marathon, inoculates 31k health New! 2021-01-16 07:48:29Adityanath credits Modi and scientists for 'Made in India' vaccines

100 former civil servants raise questions on transparency New! 2021-01-16 07:27:29The civil servants wrote an open letter to Prime Minister Narendra Modi

HDFC Bank's Q3 net profit surges 18% on New! 2021-01-16 07:23:38Provisions and contingencies of the lender increased 12 per cent year on year

LIVE: Army has boosted India's morale during China New! 2021-01-16 05:22:34Former NDTV journalist Nidhi Razdan said that she had been a victim of a 'very serious phishing attack'. Stay tuned for Latest LIVE news

Gujarat kicks off coronavirus vaccine drive amid CoWIN New! 2021-01-16 05:19:27With no major side effects being reported till early afternoon, the drive was largely smooth at multiple centres

21% startups and MSMEs benefited from govt Schemes New! 2021-01-16 04:06:04For many years now, startups and MSMEs have been reeling under the complex burden of India's difficult taxation policies

Covid-19 vaccination begins in Mumbai amid police vigil New! 2021-01-16 03:57:124,000 health workers to be vaccinated on Saturday

Trading Economics

Philippines up to One Day Interbank Rate 2020-12-21 01:06:00Philippines up to One Day Interbank Rate was at 1.75 percent on Monday December 21. Interbank Rate in Philippines averaged 8.08 percent from 1990 unti

Philippines Coronavirus Cases 2020-12-21 00:26:00Philippines recorded 458044 Coronavirus Cases since the epidemic began, according to the World Health Organization (WHO). In addition, Philippines rep

Philippines Coronavirus Deaths 2020-12-21 00:26:00Philippines recorded 8911 Coronavirus Deaths since the epidemic began, according to the World Health Organization (WHO). In addition, Philippines repo

Philippines - Credit Rating 2020-12-19 19:00:00Standard & Poor's credit rating for Philippines stands at BBB+ with stable outlook. Moody's credit rating for Philippines was last set at Baa2 w

Philippines Overnight Lending Facility Rate 2020-12-19 05:26:00Lending Rate in Philippines remained unchanged at 2.50 percent in December from 2.50 percent in November of 2020. Lending Rate in Philippines averaged

Philippines Passenger Vehicle Sales 2020-12-19 05:25:00Total Vehicle Sales in Philippines decreased to 7790 in November from 8988 in October of 2020. Total Vehicle Sales in Philippines averaged 5544.53 fr

Philippines Overnight Deposit Facility Rate 2020-12-19 05:22:00Deposit Interest Rate in Philippines remained unchanged at 1.50 percent in December from 1.50 percent in November of 2020. Deposit Interest Rate in Ph

Philippines Building Permits 2020-12-19 05:17:00Building Permits in Philippines decreased to 16004 in the second quarter of 2020 from 30838 in the first quarter of 2020. Building Permits in Philippi

Philippines Remittances 2020-12-19 05:09:00Remittances in Philippines increased to 2747463.70 USD Thousand in October from 2601263.30 USD Thousand in September of 2020. Remittances in Philippin

Philippines Coronavirus Recovered 2020-12-18 21:26:00Philippines recorded 420666 Coronavirus Recovered since the epidemic began, according to the World Health Organization (WHO). In addition, Philippines

Philippines Average Construction Cost 2020-12-18 18:00:00Housing Index in Philippines increased to 11878 PHP/SQ. METRE in the fourth quarter of 2019 from 10130 PHP/SQ. METRE in the third quarter of 2019. Hou

Philippines Gasoline Prices 2020-12-18 18:00:00Gasoline Prices in Philippines increased to 0.96 USD/Liter in November from 0.89 USD/Liter in October of 2020. Gasoline Prices in Philippines averaged


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