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 […]
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...
The Philippines is interested in the Asian Infrastructure Investment Bank’s (AIIB) proposed $5-billion COVID-19 crisis recovery financing, Finance Secretary Carlos G. Dominguez III said Friday. The Beijing-based multilateral lender said in a statement it had pitched...
The Philippines will present plans to tap Asian Infrastructure Investment Bank’s (AIIB) proposed $5-billion COVID-19 crisis recovery financing, Finance Secretary Carlos G. Dominguez III said on Friday (April 3). The Beijing-based multilateral lender, in a statement,...
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