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Philippine banks remain stable — S&P, Moody’s

MANILA, Philippines — Debt watchers S&P Global Ratings and Moody’s Investors Service said the Philippine economy would continue to provide sound growth opportunities for Philippine banks. S&P said the Philippine economy’s strong growth trajectory would drive constructive development outcomes and close infrastructure gaps, while supportive fiscal policies and an improving investment climate would aid growth. […]

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Thailand: Palming off the problem

An oversupply of fresh palm nuts has prompted authorities to boost prices by marking up the price of cooking palm oil, much to the dismay of retailers. While such a move could boost palm nut prices, it could also impact food prices and the cost of living. Global crude palm oil (CPO) production is estimated […]

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Visa tightens payments security in the Philippines

MANILA, Philippines — Global leader digital payments provider Visa has outlined a robust approach for strengthening payments security in the country over the next three years. Dan Wolbert, Visa country manager for the Philippines and Guam, said payment security has always been a key pillar of focus for the company. The launch of its Future […]

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