The Philippines continues to enjoy strong access to global capital markets and investors ' trust despite a downgrade in the country 's credit outlook rating, Malacañang said. Global debt watcher Fitch Ratings has downgraded its outlook on the Philippines’ investment-grade status from...
Top-ranking congressmen hailed the apparent restoration of public trust in the leadership of President Marcos during what could be described as a very challenging political period. House Deputy Speakers Zambales 1st district Rep. Jay Khonghun and La Union 1st district Rep. Paolo Ortega V pointed to...
Stalling public investments, compounded by vulnerability to the escalating impacts of the ongoing global energy shock, prompted global debt watcher Fitch Ratings to downgrade its outlook on the Philippines’ investment-grade status from ‘stable’ to ‘negative.’ This shift in outlook places...
Po-led upscale developer Arthaland Corp. has maintained its issue credit rating of PRS Aa, with a stable outlook, from Philippine Rating Services Corp. (PhilRatings) for its outstanding green bonds amounting to ₱3 billion, due to its growth trajectory. Obligations rated PRS Aa are of high quality...
The Philippines’ push to secure an ‘A’ sovereign credit rating is facing mounting roadblocks, as global shocks, fiscal pressures, and policy risks converge at a critical juncture for the Marcos Jr. administration. The challenge sharpened after S&P Global Ratings revised the country’s...
Marikina City 2nd district Rep. Miro Quimbo has expressed reservations on the proposed scrapping of value-added tax (VAT) on fuel amid the House of Representatives ' efforts to come up with a legislative response to the persisting fuel price crisis. Quimbo, an economist, is mainly worried...
Philippine Rating Services Corp. (PhilRatings) is maintaining its top-tier credit rating for Vista Land & Lifescapes Inc., moving to distance the homebuilder from a criminal complaint filed by regulators against a separate entity within billionaire Manuel Villar Jr.’s business empire. The local...
Filipinos mainly cited anti-corruption efforts for trusting President Ferdinand Marcos Jr., while reasons for trusting Vice President Sara Duterte were divided, with her pro-poor stance and leadership among those cited, according to a Pulse Asia survey released on Wednesday, March 25. The survey,...
Affordable housing developer Haus Talk Inc. (HTI) has raised ₱1.8 billion from its fixed-rate bond issuance, upsized from its base offer of ₱1 billion, although its oversubscription option of another ₱1 billion was not fully taken up. Following this, the firm listed the bonds at Philippine...
Rockwell Land Corp., the Lopez Group’s upscale property developer, has successfully raised ₱10 billion from the first tranche of its ₱20-billion bonds under the shelf-registered program of the Securities and Exchange Commission (SEC). In a disclosure to the Philippine Stock Exchange (PSE) on...
San Miguel Global Power Holdings Corp. won approval from the Securities and Exchange (SEC) Commission to raise as much as ₱30 billion through a bond offering to refinance its debt and bankroll the expansion of its renewable energy portfolio. The regulator’s en banc commissioners rendered the...
Citicore Energy REIT Corp. (CREIT) secured a high-grade issuer credit rating from Philippine Rating Services Corp. due to its robust financial position amid aggressive expansion of its green asset portfolio. PhilRatings assigned an issuer credit rating of PRS Aa plus (corp.) to the Philippines’...
