Benigno Aquino News
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Philippine stocks surged to a record as the peso and bonds extended gains after the nation won its second investment-grade debt rating.
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Philippine stocks rose to a record after it beat Indonesia to win an investment grade from Standard & Poor’s, as President Benigno Aquino outshines Susilo Bambang Yudhoyono in improving government finances and spurring growth.
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The Philippine central bank is considering adjustments to its so-called special deposit accounts, signaling it may limit access to the facility to cut costs and enhance its scope to cool currency gains.
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Farmer Rene Ravalo loads coconuts onto a truck in the Philippines for the 30-minute trip to market on a road built last year. It previously took half a day for a water buffalo to inch the goods down a mountain track.
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The Philippine justice department ordered the filing of smuggling charges against the head of Phoenix Petroleum Philippines Inc. Stocks fell.
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The Philippines cut the rate it pays on special deposit accounts for a third time this year, boosting efforts to curb capital inflows and avert asset bubbles.
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The chairman of the Philippines’ election body, Sixto Brillantes, said he’s thinking of quitting after the Supreme Court ruled against the agency for a fourth time under his watch and a month before polls.
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Philippine President Benigno Aquino faces a huge roadblock in his push to end the poverty weighing on his 106 million people: the Catholic Church.
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The Philippines achieved investment grade for the first time as Fitch Ratings raised its assessment, rewarding President Benigno Aquino for leading a growth resurgence after lagging its regional peers for decades.
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When Philippine President Benigno Aquino signed a peace deal with Muslim rebels in October, the 74-year-old sultan of Sulu sat in a wheelchair at the ceremony waiting for someone to speak with him. Nobody did.
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