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…
Auto firms seek gov’t help as sales slump 48.7%
The automotive industry is now asking the Department of Trade and Industry (DTI) for support as the pandemic might lead to worse problems than just the much fewer car sales…
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…
Gov’t to revise cell tower rules to lure more firms
The Department of Information and Communications Technology (DICT) plans to revise its common tower rules after big contractors complained about its feasibility and indicated they would “back away,” DICT Undersecretary…
Gov’t vows to maintain conservative borrowing strategy
Despite the economic recession seen in the Philippines due to coronavirus (COVID-19) pandemic-prompted lockdown measures, fiscal managers are not keen on unleashing a fiscal bazooka in a way that would…
Gov’t sets aside P1.12T for 2021 infra spending
The government has slightly jacked up the programmed spending for infrastructure to P785.5 billion this year as the World Bank noted that the quality of road, power and water infrastructure…
MVP urges gov’t to settle standards on decent internet quality
Telco giant PLDT Inc. appealed to the government to judge its performance by established standards on internet speed and coverage after it found itself on the receiving end of attacks…
Liberalized retail trade still gov’t priority
The Department of Trade and Industry (DTI) wants to make it easier for foreign businesses to set up shop here, easing their burden at a time when the health crisis…
Trade groups prod gov’t on stimulus bills
Large local business groups want to know how President Duterte will help micro, small and medium-sized enterprises (MSMEs) as they still await a clear action plan several months deep into…
Outstanding IOUs climbed to P5.9T in H1 as gov’t ramped up local borrowings
MANILA, Philippines — As the government borrowed more locally to finance COVID-19 response while demand for treasury bills and bonds remained robust as investors sought a safe haven amid a…