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 statement, Bangko Sentral ng Pilipinas Governor Benjamin Diokno said the policy making […]
by ev3v4hn | Aug 17, 2020 | Business News
The automotive industry is now asking the Department of Trade and Industry (DTI) for support as the pandemic might lead to worse problems than just the much fewer car sales at the end of the year. Vehicle sales dropped 35.4 percent to 20,542 in July alone from 31,810...
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 13, 2020 | Business News
The Department of Information and Communications Technology (DICT) plans to revise its common tower rules after big contractors complained about its feasibility and indicated they would “back away,” DICT Undersecretary Ramon Jacinto said on Wednesday. Two months since...
by ev3v4hn | Aug 8, 2020 | Business News
Despite the economic recession seen in the Philippines due to coronavirus (COVID-19) pandemic-prompted lockdown measures, fiscal managers are not keen on unleashing a fiscal bazooka in a way that would harm the government’s investment credit rating. In an economic...
