The infighting within the the ruling party, Partido Demokratiko Pilipino-Lakas ng Bayan (PDP-Laban), may disrupt the government’s policymaking at the height of a pandemic-induced crisis, Fitch Solutions said. In a commentary published by Fitch Solutions on Monday, Sept. 13, the research group...
Vice President Leni Robredo does not fear the thought of running for public office while having low survey numbers. Vice President Leni Robredo (OVP photo) This was the takeaway from Robredo's remarks during an online interview Friday afternoon, Sept. 3 wherein she talked about her decision-making...
President Duterte has maintained high approval and trust ratings more than a year and half into the country's coronavirus crisis which heavily impacted the lives of many Filipinos, according to an independent pollster. President Rodrigo Duterte (Malacañang photo) In the survey conducted by...
With a year left in his six-year term, President Duterte is still popular among majority of Filipinos, Malacañang asserted Wednesday. President Rodrigo Duterte (File photo/Malacañang) Presidential spokesman Harry Roque tried to downplay the drop in the President's survey ratings last June after...
Former Senator Antonio Trillanes IV claimed on Tuesday, July 20, that based on Magdalo Group’s own survey in Luzon, President Duterte’s approval ratings were going “down” in run-up to the May 2022 polls. Former Senator Antonio Trillanes IV (FILE PHOTO/MANILA BULLETIN) The former senator has...
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...
Fitch Ratings has revised the Philippines’ outlook to “Negative” from “Stable” due to the national government’s weakening fiscal finances brought about by the prolonged coronavirus pandemic. Fitch Ratings Building In a statement released Monday evening, July 12, the London-based credit...
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...
COVID-related hits on local banks’ asset quality will critically affect their stand-alone credit profiles and viability ratings (VR), said Fitch Ratings. The credit watcher echoed what it said last March that big banks are vulnerable to VR downgrades as the economy remains weak resulting to banks...
Debt watcher S&P Global has affirmed the Philippines’ investment grade credit rating as the nation’s growth prospects remain strong despite the unprecedented economic shock from the pandemic. 8682 S&P Global maintained the country’s “BBB+” credit score with a “stable” outlook,...
Fitch Ratings has lowered its GDP growth forecast for the Philippines to 6.3 percent this year from its previous estimate of 6.9 percent as it sees a tempered recovery due to limited fiscal space. However based on its latest “APAC Sovereign Credit Overview” for the second quarter, Fitch expects...
The local stock market declined as investors continue pocketing gains following the previous day’s spike. The main index dropped 46.68 points or 0.64 percent to close at 7,258.11 with all sectors retreating. Volume dipped to 41.52 billion shares worth P9.74 billion as losers beat gainers 144 to...
