Business

PH external debt ratios still at prudent levels

BSP PR/PNA MANILA -- Bangko Sentral ng Pilipinas Governor Benjamin E. Diokno, announced in a statement over the weekend that the Philippines’ outstanding external debt stood at USD79.0 billion as of end-2018,...

Dominguez hopes Congress can break budget impasse soon

DOF PR/PNA MANILA -- Finance Secretary Carlos Dominguez III said in a statement on Sunday that the government is losing the opportunity to provide funds amounting to around PHP500 a million a...

BDO systems upgrade to affect e-banking services next weekend

By Joann Villanueva/PNA MANILA -- Electronic banking channels of the Sy-led BDO Unibank Inc. (BDO) will be inaccessible from 10 p.m. Saturday, March 23, until 12 noon the following day due to...

Stocks recover, peso ends week sideways

By Joann Villanueva/PNA MANILA -- Philippines’ main equities gauge ended the week on a positive note but the peso finished the trade sideways as investors remain jittery as they await the eventual outcome...

BSP official: Current account deficit not detrimental to PH

By Joann Villanueva/PNA MANILA – The country’s current account (CA) deficit rose to record-high USD7.9 billion in 2018 after imports continue to surpass exports given the strong domestic demand. However, Director Redentor Paolo...

China loan terms for PH infra projects better under PRRD admin

By Joann Villanueva/PNA MANILA -- Finance Secretary Carlos Dominguez III on Friday said terms of loans extended by the Chinese government for Philippine infrastructure projects are at least 30 percent better in...
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