MANILA, Philippines — S&P Global Ratings has raised its outlook for the Philippine economy, increasing the prospect of a rating upgrade for the country on the back of improving policymaking and solid economic growth. In a press release issued late Thursday, the debt watcher said it revised its outlook for the Philippines to “positive” from […]
Read MoreMANILA, Philippines — A Japan-based debt watcher maintained its credit rating for the Philippines on the back of “high-level economic growth.” In a press statement dated April 26, the Japan Credit Rating Agency Ltd. said it affirmed its “BBB+” rating—which signifies adequate level of certainty to honor financial obligations—with a “stable” outlook for the Philippines’ […]
Read MoreMANILA, Philippines — The Philippines is laying down a national policy strategy to ensure compliance with international standards and effectively combat money laundering and terrorist financing, a top official of the Anti-Money Laundering Council (AMLC) said. Mel Georgie Racela, executive director of the AMLC Secretariat, said in a letter there is a need for the […]
Read MoreMANILA, Philippines — Homegrown fast-food giant Jollibee Foods Corp. ($JFC) announced on Wednesday it will bring Vietnamese noodle house Pho 24 to the Philippines. Pho 24 will be introduced to the country through JFC’s wholly-owned subsidiary Fresh N’ Famous Foods Inc., which also runs fast-food chain Chowking. Pho 24, which serves rice noodles soup called “pho” and […]
Read MoreMANILA, Philippines — Digitalization is set to boost the country’s domestic output as financial technology (fintech) innovations continue to promote inclusive growth, according to the Bangko Sentral ng Pilipinas (BSP). In his speech during the 39th National Conference of Employers, BSP Governor Nestor Espenilla Jr. said the country’s gross domestic product (GDP) growth may expand […]
Read MoreMANILA, Philippines — After receiving user complaints on ride cancellations and booking difficulties, ride-hailing service Grab Philippines on Tuesday said it would no longer show drivers the passenger’s destination starting Friday. Grab Philippines country head Brian Cu said it would also employ an auto-accept feature that allocates jobs automatically to drivers. “We hear what our […]
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