Foreign direct investments yield $481M net inflow in June, up 7.1% — BSP

MANILA, Sept 16 (Mabuhay) — Foreign direct investments (FDI)—investments made by foreign companies or individuals in the Philippines— saw further improvement in June amid the easing of lockdown restrictions during the period, the Bangko Sentral ng Pilipinas (BSP) reported...

Duterte’s economic team seeks swift OK of 2021 budget

MANILA, Sept 7 (Mabuhay) — President Rodrigo Duterte’s economic team has sought the swift enactment by Congress of the proposed 2021 national budget as a key component of the government’s comprehensive plan to “rebuild the economy and decisively defeat” coronavirus...

PHL receives investment grade rating from Standard & Poor’s

The Philippines today received investment grade rating from international credit rating agency Standard & Poor’s. In a statement released by the agency, the country’s sovereign long-term foreign currency rating was upgraded from “BB+” to “BBB-“ with stable outlook. This...