+ Follow INVESTORS SERVICE INC Tag
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 370694
[Title] => No change in RP rating outlook — Fitch
[Summary] =>
International ratings agency Fitch Ratings said it does not anticipate upgrading the stable outlook it gave the Philippines last February unless the government is able to address the weak revenue performance.
"We are not contemplating immediate change (in ratings)," James McCormack senior director for Fitch Ratings Asia Sovereign Group said during a meeting of the Philippine Economic Society yesterday.
"A positive outlook is not something we anticipate," McCormack said. "The debt ratio is still high."
[DatePublished] => 2006-11-23 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1480108
[AuthorName] => Ma. Elisa Osorio
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 334662
[Title] => BIR likely met April collection goal of P79B
[Summary] => The Philippines, Asia’s biggest seller of overseas debt, "mostly likely" met its April tax collection target of P79 billion, Bureau of Internal Revenue Commissioner Jose Mario Buñag told reporters yesterday.
[DatePublished] => 2006-05-03 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1236827
[AuthorName] => Clarissa Batino
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 314997
[Title] => Peso continues New Year rally, hits high of 52.57:$1
[Summary] => The peso continued its New Year rally yesterday, hitting an intraday high of 52.570 to the dollar on the back of fresh dollar remittances from overseas Filipino workers (OFWs) and a positive fiscal outlook for this year.
Analysts said a smaller deficit increases the country’s chances of getting a higher credit rating that will lower borrowing costs for the government and companies.
The peso closed at 52.660 to the dollar, posting its strongest finish since the 52.650 on May 21, 2003. It was also 17.50 centavos higher than Monday’s close of 52.835 to $1.
[DatePublished] => 2006-01-04 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 307395
[Title] => NG debt climbs to P3.94T in August
[Summary] => Government debt rose 5.6 percent in August from a year earlier, as President Arroyo’s administration borrowed money to fund a budget deficit it expects to narrow to its smallest in four years in 2005.
Government debt reached P3.94 trillion in August, the Department of Finance (DOF) said yesterday.
The government forecasts a P180 billion deficit this year, 15 percent lower than the record P211 billion posted in 2002.
Domestic debt, which accounts for 53 percent of the total, increased seven percent to P2.1 trillion, the DOF said.
[DatePublished] => 2005-11-19 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1704647
[AuthorName] => Rocel Felix
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 286414
[Title] => RP posts budget surplus in June
[Summary] => The Philippines had a budget surplus in June, its second in four years, National Treasurer Omar Cruz said yesterday.
The surplus of P246 million followed a P7.6-billion deficit in May and a P2.8-billion deficit a year earlier. The median forecast in a Bloomberg News survey of seven economists was for a P1.2- billion deficit. The P3.3-billion surplus reported for April was the first monthly surplus in exactly four years.
[DatePublished] => 2005-07-15 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
INVESTORS SERVICE INC
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 370694
[Title] => No change in RP rating outlook — Fitch
[Summary] =>
International ratings agency Fitch Ratings said it does not anticipate upgrading the stable outlook it gave the Philippines last February unless the government is able to address the weak revenue performance.
"We are not contemplating immediate change (in ratings)," James McCormack senior director for Fitch Ratings Asia Sovereign Group said during a meeting of the Philippine Economic Society yesterday.
"A positive outlook is not something we anticipate," McCormack said. "The debt ratio is still high."
[DatePublished] => 2006-11-23 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1480108
[AuthorName] => Ma. Elisa Osorio
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 334662
[Title] => BIR likely met April collection goal of P79B
[Summary] => The Philippines, Asia’s biggest seller of overseas debt, "mostly likely" met its April tax collection target of P79 billion, Bureau of Internal Revenue Commissioner Jose Mario Buñag told reporters yesterday.
[DatePublished] => 2006-05-03 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1236827
[AuthorName] => Clarissa Batino
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 314997
[Title] => Peso continues New Year rally, hits high of 52.57:$1
[Summary] => The peso continued its New Year rally yesterday, hitting an intraday high of 52.570 to the dollar on the back of fresh dollar remittances from overseas Filipino workers (OFWs) and a positive fiscal outlook for this year.
Analysts said a smaller deficit increases the country’s chances of getting a higher credit rating that will lower borrowing costs for the government and companies.
The peso closed at 52.660 to the dollar, posting its strongest finish since the 52.650 on May 21, 2003. It was also 17.50 centavos higher than Monday’s close of 52.835 to $1.
[DatePublished] => 2006-01-04 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 307395
[Title] => NG debt climbs to P3.94T in August
[Summary] => Government debt rose 5.6 percent in August from a year earlier, as President Arroyo’s administration borrowed money to fund a budget deficit it expects to narrow to its smallest in four years in 2005.
Government debt reached P3.94 trillion in August, the Department of Finance (DOF) said yesterday.
The government forecasts a P180 billion deficit this year, 15 percent lower than the record P211 billion posted in 2002.
Domestic debt, which accounts for 53 percent of the total, increased seven percent to P2.1 trillion, the DOF said.
[DatePublished] => 2005-11-19 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1704647
[AuthorName] => Rocel Felix
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 286414
[Title] => RP posts budget surplus in June
[Summary] => The Philippines had a budget surplus in June, its second in four years, National Treasurer Omar Cruz said yesterday.
The surplus of P246 million followed a P7.6-billion deficit in May and a P2.8-billion deficit a year earlier. The median forecast in a Bloomberg News survey of seven economists was for a P1.2- billion deficit. The P3.3-billion surplus reported for April was the first monthly surplus in exactly four years.
[DatePublished] => 2005-07-15 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
abtest
