PH borrowers’ choice during pandemic: Dollar loans
Dollar-denominated loans issued by Philippine financial institutions rose substantially at the end of the first quarter of 2020 which the central bank said was due to lower interest rates offered…
Amid the pandemic, Big Tech reports mixed earnings
AP Big Tech companies reported mixed quarterly earnings on Thursday, a day after their top executives faced a tough congressional grilling over their market power and alleged monopolistic practices. All…
‘Hot money’ outflows from PH financial markets surged in H1 due to pandemic
MANILA, Philippines — Bangko Sentral ng Pilipinas-registered foreign portfolio investments for June 2020 yielded net outflows of $235 million resulting from the $1.3 billion gross outflows and $1.0 billion gross…
S. Korea, US extend $60b currency swap deal by 6 months amid pandemic
(Yonhap) SEOUL — South Korea and the United States have agreed to extend a $60 billion bilateral currency swap agreement by six months in an effort to help ease lingering…
Pandemic drove banks to narrow credit for first time in 11 yrs, says BSP survey
No thanks to the ongoing COVID-19 pandemic, Philippine banks tightened their loan standards unequivocally for the first time in the 11 years that the Bangko Sentral ng Pilipinas (BSP) has…
Gold surges, Asian stocks mixed amid US-China feud, pandemic
BEIJING — Asian stock markets were mixed and gold surged to a record price Monday amid U.S.-China tensions and concern a recovery from the coronavirus pandemic might be weakening. A…
DOF: $1B in WB loans for PH’s pandemic response up for OK in September
The World Bank will extend three more loans worth nearly $1 billion to the Philippines by September to help in COVID-19 response and recovery, the Department of Finance (DOF) said…
ADB extending record-high $4.2B in loans to PH to help fight pandemic
The Asian Development Bank (ADB) will extend to the Philippines a record $4.2 billion (over P207 billion) in concessional loans this year, with most of it for use in giving…
Microsoft weathers pandemic, beats Wall Street expectations
REDMOND, Wash. — Microsoft said the coronavirus pandemic has increased demand for its flagship products, reporting quarterly earnings Wednesday that beat Wall Street expectations. The Microsoft logo in Issy-les-Moulineaux, outside…
Pandemic impact felt in construction, too, as projects fall in number, value
The number and value of construction projects in the first quarter of 2020 shrank by over one-fifth as the tail-end of March put a stop to construction works in Luzon…