Human rights lawyer Chel Diokno has called on the government to give priority to Typhoon “Odette” victims by relaxing the documentary requirements to hasten their claims for benefits and financial assistance from concerned agencies. Human rights lawyer Chel Diokno “We ask the government to be...
The World Bank has approved a fresh $600 million loan that aims to support the Philippines’ economic recovery from the coronavirus pandemic. In a statement, the Washington-based multilateral institution said it approved the financing for the government’s reform program to position the country...
Globe-Telecom_CNNPH (2) Globe Telecom Inc. signed a P15-billion term loan facility from Banco de Oro (BDO) and Land Bank of the Philippines (LandBank) for capital expenditures, re-financing debts and for general corporate requirements. The loans comprised of ₱10 billion from BDO and ₱5 billion...
The House of Representatives has unanimously approved on third and final reading a bill that will help guarantee the effectiveness of loans secured by government under the Official Development Assistance. Infrastructure project Principally authored by Makabayan lawmakers, House Bill 10322 was...
Debt payments by the Philippine government were nearing the P1 trillion mark in the first nine-months of the year due to higher interest and principal settlements. Data from the Bureau of the Treasury showed that the national government's debt servicing reached P963.86 billion in January to...
Government borrowings grew at a much slower pace in the first nine months of the year as the need for additional financing to augment the country’s coronavirus war chest started to wane, data from the Bureau of the Treasury revealed. The Duterte administration’s gross borrowings in January to...
Not even half of the coronavirus vaccine doses funded by the World Bank have arrived in the Philippines, the Washington-based multilateral institution reported on Tuesday, Oct. 19. In a statement, Ndiame Diop, World Bank country director for the Philippines said only 4.73 million doses of vaccines...
Vice President Leni Robredo on Sunday, October 17, asked the government to put up a stimulus package for micro, small, and medium enterprises (MSMEs) in exchange for keeping their employees amid the economic uncertainties during the pandemic. Vice President Leni Robredo (OVP) In a visit to...
To help employers who are still reeling hard from the effects of the pandemic, the Department of Labor and Employment (DOLE) has suggested offering soft loans for them to pay for their employees' 13th month pay. (FILE PHOTO / MANILA BULLETIN) Labor Secretary Silvestre Bello III said he already...
Investors pressed for an increase in Philippine benchmark interest rates for short-term loans following the US Federal Reserve’s pronouncement that it will likely begin reducing its monthly bond purchases. At Monday's auction of Treasury bills, Oct. 11, the bellwether 91-day T-bill rate, which...
Debt payments by the Philippine government declined significantly in August due to lower principal payments to domestic creditor, data from the Bureau of the Treasury showed. The national government's debt servicing reached P75.08 billion last August, 51 percent lower than the P152.39 billion paid...
DBP-Bldg-news-1080x714 The Development Bank of the Philippines (DBP) has approved P39.5-billion worth of loans under its flagship credit program to fund gaps in the country's infrastructure development, DBP President and Chief Executive Officer Emmanuel G. Herbosa announced, Thursday, Oct. 7, 2021....
