Loans for COVID-19 response continue to rise
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…
BPI raising P3B from COVID19 response bonds
BPI’s press briefing on April 23, 2020 in virtual format Ayala-led Bank of the Philippine Islands (BPI) is raising at least P3 billion from a pioneering bond issue dedicated to…
5 conglomerates back Ayala’s COVID-19 response initiative
Five of the country’s top conglomerates have added financial muscle to the Ayala group’s initiative to build four new coronavirus (COVID-19) confirmatory reverse transcription polymerase chain reaction (RT-PCR) testing laboratories…
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…
Jica to lend $2.35B to PH in 2020 for infra, COVID-19 response
Finance Secretary Carlos Dominguez III. INQUIRER.net file photo / CATHY MIRANDA MANILA, Philippines — Even as economies worldwide—including Japan—struggled amid the COVID-19 crisis, its aid arm Japan International Cooperation Agency…
Business executives shift companies’ attention to COVID-19 response
MANILA, Philippines — As the country continues to fight the effects of the coronavirus pandemic which has infected over 24,000 individuals, several top executives in the private sector are shifting…
DBM: P355.1B already released for COVID-19 response
The Department of Budget and Management (DBM) has released P355.1 billion for COVID-19 response to date with cash aid to vulnerable sectors eating up bulk of the funds. In a…
More cuts in infra, defense budgets go to COVID-19 response
MANILA, Philippines — The Department of Budget and Management (DBM) last month inflicted additional cuts in this year’s budgets for infrastructure and national defense as it reallocated more funds into…
PH funds for COVID-19 response still not enough, says London think tank
The Philippine government would need bigger fiscal support, which could mean more public money, directed toward COVID-19 response than it already has as it gradually opens the economy although cases…
China-led lender OKs $750M loan to PH for COVID-19 response
The China-led Asian Infrastructure Investment Bank (AIIB) on Thursday (May 28) approved a second loan to the Philippines, worth $750 million, for COVID-19 response. Finance Undersecretary Mark Dennis Y.C. Joven…