COVID-19 financing pushes PH loans to new high of P8.6T

COVID-19 financing pushes PH loans to new high of P8.6T

Government borrowings to finance COVID-19 response have driven debts through the roof, pushing total to a new high of P8.6 trillion in April alone. At least two-thirds of the debts were from domestic sources, some P5.9 trillion as of April. It was up by nearly 1 percent month-on-month and 12.6 percent year-on-year, according to data […]
Comply with Bayanihan Act, SEC tells financing firms

Comply with Bayanihan Act, SEC tells financing firms

The Securities and Exchange Commission (SEC) has urged lending and finan­cing companies to comply with the Bayanihan to Heal As One Act, which makes a nationwide 30-day moratorium on loan payments mandatory rather than voluntary. In a statement, the SEC directed these...