We knew our property sector was in an unsustainable situation. It was in a bubble dependent on POGOs and speculative money of the elite. They knew they were on borrowed time, but the cash flowing in was too good to ignore… bahala na. They also kept on building malls. No one asked the question: how many […]
Read MoreMANILA, Philippines — The country’s debt pile contracted to P9.37 trillion as of end-September following the repayment of the government’s loan from the Bangko Sentral ng Pilipinas (BSP) last month, the Bureau of the Treasury (BTr) reported yesterday. According to the latest data from the BTr, the national government’s outstanding debt as of end-September fell […]
Read MoreMANILA, Philippines — The United States is scaling up support for Philippine projects amid the COVID-19 pandemic with the US Trade and Development Agency (USTDA) opening up an office in Manila this year. In a virtual panel discussion as part of the two-day Indo-Pacific Business Forum organized by the US Embassy in Manila, USTDA regional […]
Read MoreMANILA, Philippines — Foreign fund managers continued to pull out their speculative funds or hot money from the Philippines for the seventh straight month in September amid the uncertainties brought about by the pandemic, the Bangko Sentral ng Pilipinas (BSP) said yesterday. According to BSP data, the net outflow of foreign portfolio investments surged by […]
Read MoreThe Philippine economy could have rebounded in the third quarter of 2020, but state-imposed physical distancing measures would continue to weigh on its recovery from the coronavirus disease 2019 (Covid-19) pandemic, according to Capital Economics. In a report on Wednesday, the London-based research consultancy firm said the country’s “GDP (gross domestic product) is likely to […]
Read MoreMANILA, Philippines — The government is eyeing to raise P140 billion next month through the regular issuance of securities in the domestic market, the Bureau of the Treasury (BTr) announced yesterday. According to the BTr, the government is planning to sell P80 billion worth of Treasury bills (T-bills) and P60 billion worth of Treasury bonds […]
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Thailand
