PH foreign borrowings down 30 percent in first 3 months of 2020
The national government took out fewer foreign loans in the first quarter of 2020 to meet its financing needs, according to the central bank. The Monetary Board of the Bangko…
PH consumer confidence for Q2, next 12 months dives
Filipino consumers are less optimistic about their prospects in the second quarter of 2020 and the rest of the year due to worries about inflation and stagnant income, according to…
IMF cancels debt payments for 6 months for 25 poor nations
UNITED NATIONS — The International Monetary Fund approved $500 million on Monday to cancel six months of debt payments for 25 of the world’s most impoverished countries so they can…
April inflation seen lower than previous months’ as COVID-19 crimps demand
The central bank on Tuesday (April 7) cheered the lower inflation rate in March, which was below February’s level, but said the pace of price increases for basic goods and…
World Bank to roll out $160-billion emergency aid over 15 months
World Bank President David Malpass. AFP file photo UNITED States — The World Bank on Thursday approved the first steps in a plan to roll out $160 billion in emergency…