S&P assessing PH infra efforts

Standard & Poor’s (S&P) is closely evaluating Philippine efforts at expanding and upgrading its infrastructure capacity to accommodate more investment as the global credit ratings agency conducts due diligence on the country, the central bank said.

S&P remains bullish on the economy but infrastructure development in the country remains one of its concerns, Bangko Sentral ng Pilipinas (BSP) Governor Amando Tetangco Jr. said late Wednesday on the sidelines of the Financial Times-First Metro Investment Summit in Makati City.