COVID-19 foreign loans, grants hit $7.76 billion

COVID-19 foreign loans, grants hit $7.76 billion

MANILA, Philippines — Foreign borrowings, loans, and grant assistance secured by the Philippines to fight the COVID-19 pandemic amounted to a total of $7.76 billion (over P386 billion) as of July 1, with two-thirds of the proceeds already injected into the budget, the Department of Finance (DOF) said. In a report, the DOF said $7.63 […]
PSEi falls 1.73% as foreign selling continues

PSEi falls 1.73% as foreign selling continues

The local stock barometer dropped below the 6,200 mark yesterday as foreign funds dumped a number of local blue chip companies. The Philippine Stock Exchange index (PSEi) slid by 108.95 points, or 1.73 percent, to close at 6,188.83, as P2 billion in foreign funds...
PH foreign trade shrank 60% in April

PH foreign trade shrank 60% in April

The Philippines’ total foreign trade fell at its fastest pace in April amid a global recession aggravated by the first full month of one of the most stringent COVID-19 lockdowns in the region that halted 75 percent of the country’s economy. The latest preliminary...