MANILA, Philippines — The Philippine government plans to tap various commercial offshore debt markets as part of its borrowing program next year, according to the Department of Finance (DOF). In an interview, Finance Secretary Carlos Dominguez said the government is looking to issue euro-denominated bonds and British-pound denominated Sterling bonds in 2019. “We hope to […]
Read MoreMANILA, Philippines — The recent downward adjustment made by the Philippine government in the economic growth forecast for this year is still too conservative considering the challenges faced by the economy, according to London-based Capital Economics. The Development Budget Coordination Committee (DBCC) last week lowered the country’s GDP growth forecast to a range of 6.5 […]
Read MoreSurabaya, E. Java, (ANTARA News) – The Governments of Indonesia and the Philippines have signed 10 agreements related to the border of the two neighboring countries. The agreements were signed at a chairman meeting of the Indonesian and Philippine Border Committee here on Wednesday night, Indonesian chief delegate to the meeting represented by Commodore Achmad […]
Read MoreLONDON: Jollibee Foods, a major Asian fast-food operator, hopes to generate half its sales outside its home market of the Philippines within five to seven years, up from 30 percent now, its chief executive told Reuters. It also hopes to double its revenue in five years, as it expands its own chains and buys others, […]
Read MoreMANILA, Philippines — The Philippines is losing as much as P4 trillion annually due to road, sea, and air traffic, the country’s largest business organization said as it continues to urge the government to address the issues affecting the country’s growth potential. During the 44th Philippine Business Conference and Expo, the Philippine Chamber of Commerce […]
Read MoreMANILA, Philippines — Project approvals by the Board of Investments (BOI) rose 19 percent in the nine months to September this year mainly due to big-ticket ventures in the power and manufacturing sectors, the country’s top trade official said. Speaking at the European Union – Philippines Business Summit yesterday, Trade Secretary and BOI chairman Ramon Lopez said investments registered with […]
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