Investors navigating the Philippine market are behaving as if they are changing lanes on a busy highway: even as stocks slow to a crawl under the weight of a deepening flood-control scandal, traffic in government bonds is moving steadily—and in some auctions, even accelerating. The shift reveals not just a preference for safety but a […]

Finance Secretary Ralph Recto has highlighted that Standard & Poor’s (S&P) recent decision to affirm the Philippines’ BBB+ credit rating and upgrade its outlook to “positive” is a strong endorsement of the government’s economic and fiscal policies. “It reaffirms our stable economic and political environment and that we are on track to achieve a growth-enhancing […]