Daily Business News

S&P Global gives ‘BBB+’ rating for latest PH dollar bond offering

S&P Global Ratings has assigned a “BBB+” rating for the Philippines’ second bond offering this year that would be dollar-denominated. The Philippines launched on Wednesday...

OECD sees global economy bouncing back next year, but big risks remain

The world economy will bounce back to its pre-pandemic levels by the end of next year, a global watchdog predicted on Tuesday, though that...

CEMEX helps build sustainable, greener communities in the countryside

CEMEX Philippines Foundation Inc. is supporting the development of a new, sustainable community through its partnership with BASE Bahay Foundation and 4P For People. The partnership of...

ATI’s Batangas passenger port expansion kicks off

In support of government’s Build-Build-Build flagship program and in line with its investment commitment with the Philippine Ports Authority (PPA), Asian Terminals Inc. is upgrading the Batangas Port’s passenger...

Oversubscription causes BSP term deposit facility rates to decline

The rates of the Bangko Sentral ng Pilipinas’ (BSP) term deposit facility (TDF) declined on Wednesday amid oversubscription ahead of the holidays. Data released by the central...

Fitch Ratings sees PH banks’ profitability remaining stable

The profitability of Philippine banks is seen to remain stable due to higher loan growth and lower credit provisioning, factors which Fitch Ratings expects...

Govt borrowings soar by almost 1,320% in October compared to same month last year

The national government’s gross borrowings in October soared by almost 1,320 percent to over P663 billion compared to the P50.27 billion recorded in the...

BSP pushes credit risk database to improve MSMEs’ access to finance

The Bangko Sentral ng Pilipinas (BSP) is prioritizing digitization to help establish a credit risk database to improve the access of micro, small and medium enterprises (MSMEs) to financing. In his...

Pag-IBIG Fund sees 2020 net income reaching P28B

Despite the coronavirus disease 2019 (Covid-19) pandemic, the Home Development Mutual Fund (Pag-IBIG Fund) is optimistic its net income for this year would hit...