phil03
Read More

Philippines: DOF expects higher borrowing costs

MANILA, Philippines — The Department of Finance (DOF) expects borrowing costs to rise amid the escalating conflict between Russia and Ukraine. Finance Secretary Carlos Dominguez said the government would depend its financing  requirements from the P458 billion raised by the Bureau of the Treasury  through the 27th tranche of Retail Treasury Bonds (RTBs). “Following a strong […]

Read More
logo
Read More

Malaysia opens borders to overseas travellers

KUALA LUMPUR: Malaysia will allow quarantine-free entry for fully vaccinated travellers from April 1, ending almost two years of stringent border controls introduced to contain the Covid-19 outbreak. “Citizens with valid travel documents can enter and leave the country as they did before the pandemic,” Prime Minister Ismail Sabri Yaakob said on Tuesday. “Foreigners will […]

Read More
phil02
Read More

Philippines: Local factory output slows in January as Omicron variant tore through economy

MANILA, Philippines — Amid the Omicron variant surge in January, local factory output slowed its ascent. But an analyst said production likely bounced back in February. What’s new Results of the Philippine Statistics Authority’s monthly survey of selected industries showed the volume of production index (VoPI), a measure of manufacturing output, rose 16.5% year-on-year in January, […]

Read More