Government borrowing declined in August with fewer loans borrowed from local lenders, data from the Bureau of the Treasury showed. According to the Bureau of the Treasury, government borrowing in August amounted to P124.06 billion, lower by 7 percent than the P133.34 billion recorded in the same...
The Marcos administration will again tap the overseas debt markets with its three-tranche US dollar dominated bond sale that aims to bridge the government’s budget deficit for the year. Based on a document obtained by reporters, the Philippine government launched on Monday, Jan. 9, the...
Abandoning projects started by their predecessors is one reason why the country has not prospered and has continued to be mired in deep foreign debt. Sen. Manny Pacquiao-gamers Presidential aspirant Senator Manny Pacquiao said a presidency under him should be expected to pursue programs initiated...
The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) has approved the National Government’s $3.919 billion foreign borrowings in July to September, up 47.69 percent from same period last year of $2.654 billion. The approved foreign borrowings in the third quarter include five project loans...