Gov’t got BSP nod for $5.6B in foreign loans to fund pandemic fight
The central bank has approved a large batch of foreign loans meant to help fund the government’s fight against the coronavirus pandemic, but the regulator was quick to point out…
Steep rise in Thai mergers and acquisitions as firms fight off coronavirus crisis
The Nation/Asia News Network BANGKOK — The Covid-19 pandemic has sparked a steep rise in mergers and acquisitions, according to an expert at CIMB Thai Bank (CIMBT). Businesses are choosing…
ADB extending record-high $4.2B in loans to PH to help fight pandemic
The Asian Development Bank (ADB) will extend to the Philippines a record $4.2 billion (over P207 billion) in concessional loans this year, with most of it for use in giving…
DOF: PH still has margin of freedom to borrow in virus fight
With the share of the Philippines’ foreign debt to its economy relatively low compared to most of its Asian neighbors, the government could afford to borrow more in its fight…
UK think tank: PH can tolerate higher debt to fight COVID-19
MANILA, Philippines — The Philippines can afford to borrow more in order to finance the bigger costs in fighting the health and socioeconomic crises caused by COVID-19, London-based Capital Economics…
US brings fight vs China telco to PH
The United States can help finance a shift to other vendors among private firms, including telcos in the Philippines, currently partnering with Chinese tech giants Huawei and ZTE as Washington…
Cloud Panda joins fight vs pandemic with launch of SKED.ph free web app
MANILA, Philippines — Cloud Panda, one of the country’s most reputable I.T. companies, has recently launched a web-based intelligent scheduling app called SKED.ph, offering it to the private sector and…
DA forms ‘integrity circle’ to fight corruption
The Department of Agriculture (DA) has created an “integrity circle” to keep its management in check as President Duterte called for “transparency and integrity in all government interventions” amid the…
PH debt to swell to P 9.59T as gov’t borrows more to fight COVID-19
This year’s expected weak revenue take has forced the government to borrow more and in the process jack up the debt stock to a record-high P9.59 trillion by year’s end.…
DOF: Rainy season to make fight vs. COVID-19 ‘more challenging’
The onset of the wet season coinciding with the gradual reopening of the economy from quarantine may make it more difficult to fight COVID-19, the Department of Finance (DOF) said…