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BSP eyes measures to curb peso climb

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The Bangko Sentral ng Pilipinas said 2013 could be a challenging year as far as preventing an even steeper appreciation of the peso was concerned, noting that a potential investment grade credit-rating for the country could drive more foreign portfolio investments.

Posted: December 23rd, 2012 in Editor's Pick,Headlines | Read More »

BSP gears up for PH credit upgrade with P30B fund

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The Bangko Sentral ng Pilipinas will pursue P30 billion in additional capitalization that Malacañang has yet to provide, in an effort to prepare the regulator for an anticipated investment-grade credit rating scenario.

Posted: October 22nd, 2012 in Latest Business Stories | Read More »

Bangko Sentral expects credit upgrade in 2nd half

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The Bangko Sentral ng Pilipinas said it believed another credit-rating upgrade for the country was likely in the second half. There is merit to projections of an improvement in the country’s credit scores before the year ends, the BSP said, given the favorable developments in the economic environment. “We share that thought (that an upgrade [...]

Posted: June 11th, 2012 in Headlines | Read More »

Peso slightly up on prospects of credit rating upgrade for PH

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The peso inched up slightly on Wednesday as prospects of a credit-rating upgrade for the Philippines lifted sentiment of investors on the country.

Posted: March 21st, 2012 in Latest Business Stories | Read More »

Philippines reaps $15M for investment in coco trade

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FORDHAM HONORS President Aquino is conferred an honorary doctor of laws degree by the Jesuit-run Fordham University of New York on Monday. John Tognino, chair of the board of trustees, presented the scroll to the Philippine President. Watching from left are Joseph M. Mcshane, S.J., Fordham president and Joseph O’ Hare S.J., Fordham president emeritus. Fordham also conferred an honorary degree on Mr. Aquino’s late mother, former President Corazon Aquino, in 1986. EDWIN BACASMAS

NEW YORK—President Benigno Aquino III on Monday received an unexpected $15-million investment pledge in the Philippine coconut industry in the next four years following meetings with business groups, officials said. A stream of American executives called on Mr. Aquino in his hotel, expressing enthusiasm in his efforts to create a new business environment and offering [...]

Posted: September 20th, 2011 in Editor's Pick,Headlines,Latest Business Stories | Read More »

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