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RP credit rating upgrade tied to reducing debt level
SYDNEY (Dow Jones) — The timing of any upgrading of the Philippines’ sovereign rating depends on the country’s ability to entrench recent moves to reduce its indebtedness, Standard & Poor’s Ratings Services analysts said Tuesday.
Atlas nickel project nears production
Atlas Consolidated Mining and Development Corporation announced that its Berong nickel project in Palawan is progressing towards production.
P88.8 B in ODA seen in 2006, 2007
Budget Secretary Rolando Andaya Jr. said the government is expecting P52.8-billion worth of loans from donor countries in 2007, 45 percent higher from the expected P36 billion this year.
DBP starts 3-city roadshow for ‘hybrids’
The Development Bank of the Philippines (DBP) kicked off yesterday its three-city leg roadshow presentation to invite institutional investors and foreign fund managers to its $ 130-million hybrid tier 1 capital notes issue, proceeds of which has been allocated to strengthen its capital base.
Real estate development model proposed in building government infrastructures
The government should adopt the real estate development model in the provision of infrastructure facilities such as the construction of roads, ports and airports to take advantage of value appreciation of lands.
Tiger Airways bags five-year permit to operate in Clark
SINGAPORE (XFN-ASIA) - Singapore Airlines Ltd's budget carrier unit, Tiger Airways, said it has been granted a five-year permit by the Philippines' Civil Aeronautics Board to operate international air services.
P/$ rate closes at P50.37 to $ 1
The peso rate closed higher at P50.37 to the US dollar yesterday at the Philippine Dealing System of the Bankers Association of the Philippines from P50.48 the previous day. The weighted average rate appreciated to P50.463 from P50.527. Total volume amounted to $ 627.5 million.
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