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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…
Land Bank of the Philippines (Landbank) is offering direct loans to students in households unable to afford education expenses amid the coronavirus crisis. In a statement on Thursday, the state-run…
Kanye West (AFP) WASHINGTON — The government’s small business lending program has benefited millions of companies, with the goal of minimizing the number of layoffs Americans have suffered in the…
In its bid to make available loans to small businesses badly hit by the COVID-19 crisis, the state-run Philippine Guarantee Corp. (Philguarantee) has green-lit P37.5 billion in credit guarantees as…
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…
The Philippines made substantially more dollars than it spent in its overseas transactions in May, due in part to a surge in foreign borrowings and a steep drop in import…
A 7-Eleven store Photo by LEO M. SABANGAN II. Leading convenience store operator Philippine Seven Corp. (PSC), the exclusive Philippine licensor of 7-Eleven, is disbursing as much as P711 million…
The Philippine government has secured over $5.758 billion in foreign loans for its response to the new coronavirus pandemic. Presidential spokesperson Harry Roque said the financing for the COVID-19 response…
MANILA, Philippines — The head of the Duterte administration’s economic team on Wednesday said they expected President Rodrigo Duterte to decide in the next couple of days if he would…
The Philippines’ dollar reserves hit a historic high in May —at the peak of the COVID-19 lockdown—thanks to inflows from the government’s foreign borrowings, as well as foreign exchange earnings…
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