MANILA, Philippines — Foreign borrowings of the national government amounted to $2.38 billion in the first quarter, 30 percent lower than the $3.42 billion recorded in the same period last year, according to the Bangko Sentral ng Pilipinas (BSP). The Philippines raised 1.2 billion euros via the issuance of three- and nine-year global bonds in […]
Read MoreAyala, the Philippines’ oldest conglomerate, aims to fully divest from coal by 2030, a rare rebuke of the fuel in a region where its use is expected to grow. Ayala’s power-generation unit, AC Energy Philippines, will also boost investments in renewable generation as it transitions to a low-carbon portfolio, President Eric Francia said in a […]
Read MoreMANILA, Philippines — More Filipinos are saving up their money to prepare for emergencies particularly health and hospitalization, according to a survey conducted by the Bangko Sentral ng Pilipinas (BSP). According to the first quarter Consumer Expectation Survey (CES) conducted by the BSP, the percentage of households with savings reached an all-time high of 37.8 […]
Read MoreSlower economic activity because of the enhanced community quarantine (ECQ) in Luzon pulled down actual collections by the Bureaus of Internal Revenue (BIR) and of Customs (BoC) for the month of March, the Department of Finance (DoF) said on Sunday. In a statement, the Finance department highlighted that both bureaus only hauled in a combined […]
Read MoreAs with the past trading weeks, the local bourse will maintain its volatility and will still heavily be influenced by the coronavirus disease 2019 (Covid-19) pandemic. “[Friday]’s trading has given us a glimmer of hope. But whether this will be sustained next week depends on the further developments of the Covid-19 narrative,” Philstocks research associate […]
Read MoreMANILA, Philippines — Demand for face masks in the country is seen to reach 1.2 billion pieces per month, doubled an earlier estimate, as wearing masks in public becomes the new norm to curb the spread of the coronavirus disease 2019 or COVID-19, the Department of Trade and Industry (DTI) said. “If everybody is required […]
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