Moody’s Investors Service affirmed China Banking Corporation’s (China Bank) deposit and issuer credit ratings at Baa2 on the back of its strong capitalization and profitability. In a disclosure to the Philippine Stock Exchange, the bank said the rating is a notch above the minimum investment...
To gather feedback and project validation, the Department of Public Works and Highways (DPWH) will conduct a market-sounding webinar about Kennon Road’s rehabilitation, improvement, operations, and maintenance project on Friday, April 8. In a statement, the DPWH said it has been inviting...
A House leader is looking forward to seeing the positive effects of Republic Act (RA) No.11659 or the Public Service Act, which President Duterte signed last week. (Shivendu Shukla/ Unsplash) “Opening up some of our industries like telecommunications, railways, and airlines to full foreign...
Debt-watcher Moody's Investors Service has affirmed China Banking Corp.’s investment grade credit rating in view of its improved capital and profitability to mitigate risks to asset quality. In a statement, China Bank said that in maintaining the its deposit and issuer ratings at Baa2 with a...
shutterstock_511326337 Moody's Investors Service gave a stable outlook for Asia Pacific's telecommunications sector in the next 12-18 months, according to the agency's latest report. Based on its Nov. 30, 2021 report, the Philippines' rising data consumption and broadband use continue to drive...
The wastewater treatment plant of Clark Water Corporation (CWC), a subsidiary of Manila Water Company, Inc., is facing closure after the Department of Environment and Natural Resources (DENR) threatened to not renew the company's Temporary Discharge Permit (TDP). In a statement, Clark Development...
The Philippine Embassy in the United Arab Emirates (UAE) and the Department of Agriculture (DA) have teamed up to encourage Dubai-based international investors to look at the Philippines as an agribusiness destination. Photo from the Department of Foreign Affairs (DFA) According to the Department...
The Bureau of the Treasury has launched the government’s first onshore issue of dollar bonds catering to small investors who are looking for a low-risk, accessible and higher-yielding investment. At the price-setting auction on Wednesday, Sept. 15, the Bureau of Treasury raised an initial $866.2...
Moody's Investors Service has affirmed the investment grade credit rating, with stable outlook, of China Banking Corporation (China Bank) on the back of the Bank’s strong capitalization, profitability, and liquidity amid the COVID-19 pandemic. 31493 In its September 3, 2021 report, Moody’s...
Israeli businessmen are looking into opportunities in the Philippines in the fields of agriculture, water, renewable energy, pharmaceutical, ICT, and government to government defense cooperation. Nir Balzam, deputy chief of mission at the Israeli embassy in Manila “This will be our main focus in...
Debt-watcher Moody’s Investors Service is upbeat about the Philippines’ recovery prospects from the pandemic, expecting the economy to outperform most of the sovereigns it rates in terms of average growth up to 2025. In its latest credit analysis report on the Philippines, Moody’s cited its...
Debt-watcher Moody’s Investors Service has lowered its forecast on the Philippine economy for the year as coronavirus battle enters another phase of uncertainty. In a research note released Wednesday, July 21, Moody’s said it is now projecting that the country’s economy, as measured by gross...
