Fitch Ratings sees ‘larger investments’ by telcos in 2021

MANILA, Philippines — A credit rating agency is seeing local telecommunications companies infusing more investments next year amid “regulatory pressure and looming competition.” Fitch Ratings said in a statement Friday that: “Philippine telecommunication companies’ Capex cuts this year should temporarily ease the burden on cash flow, but regulatory pressure and looming competition are likely to drive […]

BSP chief sees no doomsday scenario in PH economy

The Philippines’ macroeconomic fundamentals remain sound despite a record contraction of gross domestic product due to the impact of the coronavirus pandemic, according to the central bank chief. Bangko Sentral ng Pilipinas Governor Benjamin Diokno said it was...

PH debt now 48.1 percent of GDP and growing

MANILA, Philippines—The share of the national government’s debt to gross domestic product (GDP) climbed to 48.1 percent at the end of the first half of the year as the economy fell into a recession while payables surged to a new high in June, Department of Finance...

Living in Grace with grace

Noreen Marbella and her late husband Winston could have opted to join their children in the nearby condo that their daughter bought a few years ago. But occasional visits to that condo made them feel they wanted more. After all, this was going to be their retirement...