Thailand has picked up several accolades for favourable credit, investment worthiness and the strength of its public health sector, says government spokesman Anucha Burapachaisri.
First agreement in Canada to reduce the carbon impact of air travel
Edmonton International Airport (EIA) and Air Canada are signing a new partnership to reduce carbon emissions and advance a green and sustainable aviation sector.
The EIA-Air Canada Sustainability Partnership aims to reduce the carbon impact of air travel with both organizations working together to test emerging green technologies at EIA s Airport City Sustainability Campus, an ecosystem that EIA created to foster environmental innovation. The partnership reflects both corporations pledges to sustainability and reducing carbon emissions to a net-zero future.
The EIA-Air Canada Sustainability Partnership will focus on initiatives that will promote a cleaner environment and include the following:
SunStar BSP to monitor Citi s PH exit; BPI eyeing bid for its retail biz
KEEN ON ACQUIRING. Jose Teodoro Limcaoco, the new president and chief executive officer of Bank of the Philippine Islands, thinks the Citibank retail business is an excellent franchise. He says if given the opportunity, BPI has sufficient funds to assume Citi’s large consumer based or domestic assets. (BPI)
+ April 25, 2021 THE Bangko Sentral ng Pilipinas (BSP) is closely monitoring developments following the announcement of Citigroup to undergo a strategy refresh.
Citigroup reported that it intends to focus its Global Consumer Bank presence in Asia (including the Philippines), Europe, Middle East and Africa on wealth management and institutional businesses.
Published April 23, 2021, 12:42 PM
The Duterte administration’s economic managers said the decision by the Rating and Investment Information Inc. (R&I) keeping the Philippines’ investment grade status was a vote of confidence on the economy’s COVID-19 recovery and growth prospects.
In a statement, Finance Secretary Carlos G. Dominguez III said on Friday, April 23, that the Japanese debt watcher R&I has maintained the Philippines credit rating of “BBB+” with a “stable” outlook.
Finance Secretary Carlos G. Dominguez III (Photo credit: https://www.dof.gov.ph/about/secretarys-page/)
BBB+ is a notch away from the minimum rating within the A-territory ratings, while a “stable” outlook indicates absence of factors that may cause the rating to change over the short term.
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.