Other topics within the nine sections include:

• Q1 budget deficit exceeds target
• San Miguel wins National Foods in Philippines biggest takeover
• Government and MILF report breakthrough in peace talks

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Moody's Downgrades Credit Rating

The Japan Credit Rating Agency (JCRA) has aired concern about the country's continued budget deficit. Trade and Industry Secretary Juan B Santos said that, during a meeting with a team of Philippi...

Debt Ratings Cut by Standard & Poor's on Deficit Concerns

Strong inflows of foreign investments, remittances from overseas Filipino workers, and the generally bearish outlook on the US currency resulted in the peso hitting an eight-month high on January 20th...

Economy Continues to Perform Better than Expected

Following Typhoon Nanmadol, soldiers swiftly provided food, drinking water and medical supplies to provinces cut off by four storms in two weeks that left more than 1,300 dead or missing. Officials bl...

Manila Delays Balanced Budget Target to 2010

The Bangko Sentral ng Pilipinas on October 12th said that it does not expect inflation to decline to the original target of 4%-5% until the second half of 2005. The central bank said that the 4%-5% in...