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MANILA, Philippines — The Philippines will borrow a total of P6 trillion in 2020 and 2021 to finance higher spending to address the COVID-19 crisis while tax and non-tax revenues…
MANILA, Philippines — Foreign borrowings and grants secured by the Philippines to fight the health and socioeconomic crises caused by COVID-19 further inched up to nearly P400 billion as of…
Logo of the Philippine Statistics Authority. PSA Facebook MANILA, Philippines — The Philippines’ sales of its products abroad and the value of goods it imported from January to June fell…
Chinatown Heritage Centre director Margaret Zhang and her team take product photos for the centre’s e-shop. PHOTO: UNITED OVERSEAS BANK SINGAPORE — Companies that catered mostly to tourists before Covid-19…
The local banking system is well-positioned to withstand the shocks brought about by the COVID-19 crisis as its resources continue to increase, the Department of Finance (DOF) said Friday. In…
MANILA, Philippines — The Philippines’ electronics sector stands to benefit from increasing global demand for tech goods amid COVID-19 lockdowns worldwide, hence would help ease the domestic recession inflicted by…
A London-based think tank sees an interest rate cut of up to 50 basis points (bps) by Philippine monetary authorities to fill the gap in fiscal response to the COVID-19…
MANILA, Philippines — Local government units (LGUs) struggling to finance programs and projects aimed at recovery post-COVID-19 pandemic may tap the Land Bank of the Philippines’ (Landbank) new P10-billion lending…
Japan will give two health institutions in the Philippines additional laboratory equipment and supplies to ramp up testing and boost the country’s fight against the new coronavirus pandemic. In a…
MANILA, Philippines — The national government’s budget deficit swelled by 1,214 percent to P560.4 billion during the first half as COVID-19-related expenditures jacked up public spending, and even as the…
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