BSP chief sees no doomsday scenario in PH economy

The Philippines’ macroeconomic fundamentals remain sound despite a record contraction of gross domestic product due to the impact of the coronavirus pandemic, according to the central bank chief. Bangko Sentral ng Pilipinas Governor Benjamin Diokno said it was unlikely for international debt watchers to downgrade the Philippines’ credit rating which stood at only one notch […]

T-bills demand strong despite MECQ risks to economy

MANILA, Philippines — Investors snapped up P20 billion in treasury bills at rates that fell across-the-board on Monday as oozing domestic liquidity outweighed any sentiment on the return of Metro Manila and neighboring provinces to more stringent COVID-19 lockdown....