Gov’t got BSP nod for $5.6B in foreign loans to fund pandemic fight

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 […]

Auto firms seek gov’t help as sales slump 48.7%

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...

Gov’t to revise cell tower rules to lure more firms

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...