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…
PH foreign debts manageable despite gov’t borrowing spree, says BSP
MANILA, Philippines – The country’s external debt level is expected to remain manageable amid increased foreign borrowings to support the national government’s efforts to address the impact of the COVID-19…
PH’s foreign borrowings for COVID-19 hit $8.13 billion
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…
Foreign investments continued sharp downtrend in April
The amount of long-term equity investments entering the Philippines from abroad declined sharply in April, extending a downtrend experienced in the first quarter, which the central bank attributed to the…
Profit-taking, foreign selling pull PSEi down by 1.17%
The local stock barometer slipped below the 6,100 mark in another thin trading session on Wednesday as investors shied away from local equities as the coronavirus pandemic continued to wreak…
BSP: PH’s long-term foreign investments continued sharp downtrend in April
MANILA, Philippines — The amount of long-term equity investments entering the Philippines from abroad declined sharply in April, extending a downtrend experienced in the first quarter, which the central bank…
Globe returns to foreign bond market, raises $600M
Industry giant Globe Telecom Inc. successfully raised $600 million following its return to the international bond market after 16 years. The fund-raising measure, coming in the middle of the new…
Gov’t’s foreign loans boost PH dollar stash in June to another record high
MANILA, Philippines — The Philippines’ dollar reserves inched up to another historic high in June thanks to inflows from the government’s overseas borrowings to fund its drive against the coronavirus…
COVID-19 foreign loans, grants hit $7.76 billion
MANILA, Philippines — Foreign borrowings, loans, and grant assistance secured by the Philippines to fight the COVID-19 pandemic amounted to a total of $7.76 billion (over P386 billion) as of…
PSEi falls 1.73% as foreign selling continues
The local stock barometer dropped below the 6,200 mark yesterday as foreign funds dumped a number of local blue chip companies. The Philippine Stock Exchange index (PSEi) slid by 108.95…