Philippines
Buenaventura says credit downgrade was harsh
The Philippine central bank said on Friday the move by Standard & Poor's todowngrade its long-term outlook on the Philippines to negative from stablewas harsh.
Philippine central bank head said he won't quit
Philippine central bank governor Rafael Buenaventura said on Thursday that he was not quitting in the wake of a deepening political crisis sparked by allegations President Joseph Estrada took a payoff from gambling lords.