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...
An announcement from Fitch Ratings last July 12 has set off alarm signals as the nation continued to grapple with COVID-19: “The revision of the Philippines' outlook to Negative reflects increasing risks to the credit profile from the impact of the pandemic and its aftermath on policy-making as...
The adverse impact of the prolonged pandemic will be short-lived, the government’s chief economic manager and the central bank governor said after Fitch Ratings downgraded the Philippines’ outlook to negative. BSP Gov. Benjamic Diokno and Finance Sec. Carlos Dominguez III Finance Secretary...
The Securities and Exchange Commission (SEC) has revoked the Certificate of Authority (CA) of Familyhan Credit Corporation so it can no longer operate as a lending company. This comes after the firm was found to have engaged in unfair debt collection practices and failed to disclose the true cost...
OF SUBSTANCE AND SPIRIT Diwa C. Guinigundo I have used this chart many times in my previous life as a central banker at the Bangko Sentral ng Pilipinas (BSP). I would use this to show the resilience of the Philippine economy owing to decades of embracing policy and structural reforms. This chart...
Philippine Health Insurance Corporation (PhilHealth) (MANILA BULLETIN) The Philippine Health Insurance Corporation (PhilHealth) has urged all healthcare facilities (HCFs) in certain areas to avail of its Debit-Credit Payment Method (DCPM) program to ensure that they have enough funds to continue...
Yes, the song would have us believe it’s "Sweet Love." And while love is certainly good; to be brutally frank, a good number of people survive, function and even thrive, without that kind of love. Plus, with the COVID pandemic still casting a long shadow over our collective lives, there may be a...
OF SUBSTANCE AND SPIRIT Diwa C. Guinigundo Seals of approval for sovereigns like the Philippines are difficult to obtain. International financial institutions (IFIs), credit rating agencies (CRAs) and foreign investors would usually scrutinize our ability to withstand global shocks. While...
The Philippine Health Insurance Corporation (PhilHealth) has already reimbursed nearly 80 percent or about P231 billion of the total hospital claims, an official said Saturday, June 19. (MANILA BULLETIN FILE PHOTO) Dr. Shirley B. Domingo, PhilHealth’s vice president for Corporate Affairs and...
The Development Bank of the Philippines (DBP) Friday, (June 18) unveiled a P12 billion credit facility to boost pork production. The bank works closely with the Department of Agriculture (DA) and stakeholders in the hog industry to increase pork production to meet consumer demand and stabilize the...
Plastic Credit Exchange (PCX), the first global non-profit plastic offset program, recently partnered with Microsoft to develop a blockchain-protected credit registry. The revamped credit registry will ensure the public and relevant stakeholders that all transactions within the Exchange are secure,...
Debt-watcher S&P Global’s affirmation of the Philippines’ investment grade status is a vote of confidence in the country’s medium-term growth prospects despite challenges posed by COVID-19, the government’s chief economic manager and central bank governor said. Finance Secretary Carlos...
