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Philippines: Foreign borrowings down 30% in Q1

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 […]

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More Filipinos saved money in Q1

MANILA, 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 […]

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Philippines: BIR, Customs collect less in March

Slower 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 […]

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Philippines: Market to take cues from pandemic

As 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 […]

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