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…
Dominguez: Landbank, DBP loans to fund free coronavirus vaccines for poor
The government would use loans from two state-run banks to purchase vaccines for SARS Cov2, the coronavirus that causes COVID-19, and distribute them for free to the poor, according to…
Group seeks release of P1.4B in farm credit fund
The Federation of Free Farmers (FFF) urged the Department of Budget and Management (DBM) on Friday to immediately release the remaining funds under the Agricultural Competitiveness Enhancement Fund (ACEF) to…
Dominguez: No asset sale to fund COVID-19 response
Carlos Dominguez III (DOF PHOTO) MANILA, Philippines – President Duterte’s chief economic manager is firm: No government asset will be sold to finance the coronavirus disease 2019 (COVID-19) pandemic response.…
Duterte economic team looking for universal health care fund sources
The Duterte administration’s economic team is looking for money to implement the universal health care (UHC) program, which key team leaders believed cannot be deferred as the state-run Philippine Health…
COVID-19 fund releases hit P355B
The Department of Budget and Management’s (DBM) releases for COVID-19 response amounted to P355.1 billion to date, with dole-outs given away to vulnerable sectors accounting for the bulk of the…
Chua: Gov’t can’t fund stimulus packages worth trillions of pesos
The Duterte administration’s economic team is trying to convince Congress to scale down proposed economic stimulus packages costing trillions of pesos, as the government cannot afford them while much of…
AstraZeneca obtains $1B from US to help fund coronavirus vaccine
LONDON — British pharmaceuticals group AstraZeneca on Thursday said it had obtained more than $1.0 billion (0.9 billion euros) from the United States to help fund the production of a…
Big cuts in infra, education budgets to fund COVID-19 dole outs, medical response
MANILA, Philippines — As the government scrambled to respond to the health and socioeconomic crises caused by the COVID-19 pandemic, budgets for education and infrastructure have been slashed to fund…
DBM released P2.1 billion from 2020 calamity fund for COVID-19 response
MANILA, Philippines — The Department of Budget and Management (DBM) has released to three departments helping in the fight against the COVID-19 pandemic a total of P2.1 billion from funds…