President just joking, no need to sell Philippine assets — Diokno

MANILA, July 24 (Mabuhay) — The Philippines does not need to sell its assets to avail of the coronavirus disease 2019 (COVID-19) vaccines, and President Rodrigo Duterte was only joking when he raised the possibility, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin...

ADB loans to Philippines to reach record high $4.2B in 2020

MANILA, July 24 (Mabuhay) — Loans of the Asian Development Bank (ADB) to the Philippines are expected to reach a record-high $4.207 billion this year, with the lion’s share going to efforts against the coronavirus disease 2019. According to ADB Philippines country...

Philippines inks two loans with AFD worth P14B

MANILA, (Mabuhay) — The Philippines has inked two more loan agreements cumulative worth €250 million (approximately P14 billion) to finance infrastructure development and financial inclusion in the country. According to the Department of Finance (DOF), the Philippines inked...

‘A minus’ credit rating affirmation of PH’s economic strength

MANILA, June 16 (Mabuhay) — Malacañang on Monday welcomed Japan Credit Rating Agency Ltd.’s (JCR) decision to upgrade its rating on the Philippines from BBB+ to A- with “stable” outlook amid fears of global economic downturn due to the coronavirus disease 2019 (Covid-19)...

PHL, Japan sign P75-B loan deals for infra projects in Davao City, Cebu

MANILA, (Mabuhay)– The Philippines and Japan on Tuesday signed two loan agreements worth a combined P75.5 billion or about ¥154 billion yen for two big-ticket infrastructure projects in the Visayas and Mindanao under the Duterte administration’s “Build, Build,...