corruptioneconomyfinancePolitics

Recto: Corruption probe stalls Philippines trek to ‘A’ rating

MANILA, Philippines – The high-profile corruption scandal over state-funded flood control projects has upended the Philippines’ bid for an “A” credit rating this year, Finance Secretary Ralph Recto said, warning that the fallout could hurt economic growth and weigh on the government’s fiscal position. Recto told reporters on Tuesday that, based on recent discussions with

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BIZ BUZZ: What trillions?

“Trillion” has been quite the buzzword lately, especially with budget deliberations and economic data coming up. But if you’re a close follower of capital market updates, or if you just happened to stumble upon social media posts lately, you’d know that there’s yet another hot topic. READ: BIZ BUZZ: Panglao Hole symposium? Over the last