Category: international
Fitch: Infra graft probe may hurt local banks’ loan quality
MANILA, Philippines – The deepening probe into anomalous flood control projects could hurt the asset quality of Philippine banks, Fitch Ratings warned, as delays in public works could squeeze the cash flows of contractors and undermine their ability to pay loans. Tamma Febrian, director of the financial institutions team at Fitch, said banks with higher
Yakult Certified by Guinness as No. 1
Yakult has been officially recognized by Guinness World Records as the world’s best-selling lactic acid beverage brand in 2024, marking a new milestone for the iconic probiotic drink. The certification, announced at a presentation ceremony, celebrates the brand’s success across domestic and international markets.
