PH’s foreign borrowings for COVID-19 hit $8.13 billion
MANILA, Philippines — Foreign borrowings and grants secured by the Philippines to fight the health and socioeconomic crises caused by COVID-19 further inched up to nearly P400 billion as of…
UK think tank sees more interest rate cuts filling gap in PH’s fiscal response to COVID-19
A London-based think tank sees an interest rate cut of up to 50 basis points (bps) by Philippine monetary authorities to fill the gap in fiscal response to the COVID-19…
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…
BSP: PH’s long-term foreign investments continued sharp downtrend in April
MANILA, Philippines — The amount of long-term equity investments entering the Philippines from abroad declined sharply in April, extending a downtrend experienced in the first quarter, which the central bank…
PSE oks PH’s first REIT listing
The Philippine Stock Exchange has approved the initial public offering (IPO) of as much as P15.1 billion planned by property giant Ayala Land-sponsored AREIT Inc., which will be the first…
ADB: PH’s COVID-19 war chest inched up to P1.04 trillion as of mid-July
MANILA, Philippines — The Philippines’ war chest against the COVID-19 crisis inched up to $21.046 billion (about P1.04 trillion) as of mid-July, although still lower than most of its Southeast…
Amid pandemic, PH’s P1.22-T end-April borrowings exceeded 2019 total
Finance Secretary Carlos G. Dominguez III. Photo courtesy of DOF MANILA, Philippines — The COVID-19 crisis has forced the Philippines to borrow a total of P1.22 trillion from January to…
PH’s 3rd telco player DITO to miss July 8 technical launch
MANILA, Philippines — DITO Telecommunity, the country’s third major telco, is likely to miss the deadline for its “technical launch” set on July 8 this year. DITO chief administrative officer…
BPI to issue PH’s first COVID response bond
BPI logo Ayala-led Bank of the Philippine Islands is set to issue the first Philippine bonds that will raise fresh funds in response to the coronavirus (COVID-19) pandemic, specifically targeting…
PH’s COVID-19 loans, grants hit $6.508 billion
MANILA, Philippines — The loans and grants secured by the Philippines to finance COVID-19 response climbed to $6.508 billion (over P325 billion) to date after it signed a $750-million loan…