by ev3v4hn | Aug 17, 2020 | Business News
The Philippines’ foreign exchange reserves will likely top the $100-billion mark soon, according to the chief of the central bank—a situation that will give the country a measure of protection against capital flight previously unseen in its history. In an text message, Bangko Sentral (BSP) ng Pilipinas Gov. Benjamin Diokno said he was “sure it […]
by ev3v4hn | Aug 17, 2020 | Business News
The central bank has approved a large batch of foreign loans meant to help fund the government’s fight against the coronavirus pandemic, but the regulator was quick to point out that the country’s debt profile remains favorable despite the borrowing spree. In a...
by ev3v4hn | Aug 13, 2020 | Business News
The central bank has put its foot down against lawmakers’ proposals to grant loan borrowers a blanket one-year halt to debt payments as part of a broader relief package being deliberated by Congress in response to the COVID-19 pandemic. In a strong statement delivered...
by ev3v4hn | Aug 13, 2020 | Business News
MANILA, Philippines – The country’s external debt level is expected to remain manageable amid increased foreign borrowings to support the national government’s efforts to address the impact of the COVID-19 pandemic, according to the Bangko Sentral ng Pilipinas. In a...
by ev3v4hn | Aug 10, 2020 | Business News
The sharp contraction of the economy in the second quarter of the year—the largest decline in the country’s history—is different from previous crises because the country is on better footing now, the head of the central bank said. In a statement, Bangko Sentral ng...
