Editorial The enactment of an updated Public Service Act (PSA) in the first quarter of 2022 has become distinctly possible after the passage of the Senate bill that would be harmonized with the House of Representatives’ bill. This would complement the earlier enactment of the Retail Trade Liberaliz
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Japanese debt watcher affirms BBB+ rating, stable outlook for PH
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Metro Manila (CNN Philippines, April 23) A Japanese debt watcher has maintained its BBB+ credit rating and stable outlook for the Philippines this year despite its economic downturn amid the ongoing coronavirus crisis. The Philippines economy suffered a severe contraction due to the COVID-19 pandemic in 2020, but is expected to recover primarily through aggressive public investment, which had driven the economy in the past several years, the Rating and Investment Information Inc. (R&I) said in a statement Thursday.
The BBB+ is a notch away from the government s targeted A-level ratings, while a stable outlook means factors that may lead to a rating change over the short term are absent.