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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

PVL: Creamline outshines Petro Gazz in marquee duel

MANILA, Philippines — Courtney Schwan delivered in the clutch as Creamline exacted sweet revenge against its All-Filipino tormentor, Petro Gazz, 25-20, 25-21, 17-25, 25-20, in the PVL Reinforced Conference on Tuesday night at Smart Araneta Coliseum. Schwan stepped up especially late in the fourth set, where she dropped three straight points to give the Cool