Philippines to raise $2 B from foreign borrowings

The Philippine government plans to raise about $2 billion more this year through the sale of offshore commercial bonds, including samurai and global bonds, according to the Bureau of the Treasury (BTr)......»»

Category: financeSource: philstar philstarMay 27th, 2018

Pinoy gymnast Carlo Yulo earns historic qualification in worlds

Eighteen year-old Filipino gymnast Carlos Yulo continues to make waves in the Federation International de Gymnastique (FIG) World Artistic Gymnastics Championships in Doha, Qatar. Yulo has qualified for the event's Individual All Around Final, and is the first Filipino to ever do so, according to GAP (Gymnastic Association of the Philippines) president Cynthia Carrion. Yulo capped off the two-day qualifying round by placing 12th overall among 292 male gymnasts, according to Carrion, and has made it to the next stage, where the top 24 advanced. The president of the Philippine gymnastics' governing body was nothing but proud of the youthful Yulo and his continuous development as a world-class athlete. "We have never in our gymnastic history ever qualified to the Individual All Around Final of any Gymnastics World Championships ever," said Carrion. "It is a difficult feat to be able to be proficient, not to mention world class in all six of the men’s events." Carrion continued "Just a few years ago he was a 2-event gymnast, competing in just floor and vault, so to raise his level in four events in a short amount of time is nothing short of amazing."  Carrion then put Yulo's incredible performance into perspective. "Not many gymnasts debut in the world championships, the youngest competitor, and make foreign press turn and notice them right away," Carrion bared. Yulo is also set to compete in the Floor event Final after placing fourth in the qualifying. .....»»

Category: sportsSource:  abscbnRelated NewsOct 29th, 2018

Philippines eyes up to $1.5 B global bonds this year

The Philippines plans to raise between $1 billion to $1.5 billion through another dollar-denominated global bond issuance this year to prefund its foreign obligations maturing in January......»»

Category: financeSource:  philstarRelated NewsAug 14th, 2018

Peso seen testing 54-55 to $1

The peso may weaken to 55 against the US dollar this year as foreign capital flows out of emerging markets into developed markets, the treasurer of China Bank said. "We will probably revisit new (dollar) highs...emerging markets are flopping," China Bank treasurer Benedict Lee Chan told reporters yesterday. "You've seen the United States raise rates. You've seen ECB (European Central Bank) and the rest of the G10 countries also raising rates. With that, capital flows are going out of the Philippines," he added. As such, he said the peso could test 54-55 levels against the dollar this year. The peso is currently at 53.5 to a dollar, according to Bankers Association of the Phil...Keep on reading: Peso seen testing 54-55 to $1.....»»

Category: newsSource:  inquirerRelated NewsJul 12th, 2018

PH to issue another $2B in bonds

The Philippines will issue $2 billion in dollar- and yen-denominated bonds before the end of this year in line with recent stance to raise the country's foreign borrowing program for 2018. Dep.....»»

Category: newsSource:  philippinetimesRelated NewsMay 28th, 2018

Long-term foreign investments in PH surge for second straight month

Short-term funds are flowing out due to better yields overseas, but don't tell that to long-term foreign investors who continue to plough their money into the Philippines on the back of what the central bank says is "confidence" in the local economy. In a statement, the Bangko Sentral ng Pilipinas said foreign direct investments posted a net inflow of $573 million in February 2018, representing an increase of 46.4 percent from year-ago level---the second consecutive month this year that showed strong investment inflows. This was due mainly to the 56.3-percent growth in investments in debt instruments, or intercompany borrowings between foreign direct investors and their subsidiarie...Keep on reading: Long-term foreign investments in PH surge for second straight month.....»»

Category: newsSource:  inquirerRelated NewsMay 10th, 2018

Philippines to borrow more from foreign lenders

MANILA, Philippines – The Philippine government is borrowing more than it initially expected from countries like China, Japan, and South Korea, citing "good" interest rates for major infrastructure deals, said the  Development Budget Coordination Committee (DBCC) . Budget Secretary Benjamin Diokno said the government decided to hike the share of foreign borrowings to 25% ........»»

Category: newsSource:  rapplerRelated NewsApr 25th, 2018

Government borrowings surge 78% in 2017

MANILA, Philippines — The national government borrowed P901.67 billion from both domestic and foreign sources in 2017, up by 77.84 percent from the P507.02 b.....»»

Category: financeSource:  philstarRelated NewsMar 8th, 2018

Bots, Assange, an alliance: Has Russian propaganda infiltrated the Philippines?

AT A GLANCE A Twitter bot used by Russia for propaganda is now tweeting about the Philippines In 2017, Wikileaks founder Julian Assange, who also has Kremlin links, tweeted about issues in the Philippines The Philippines' foreign policy shift towards Russia and various online behaviors raise the question of whether Moscow is ........»»

Category: newsSource:  rapplerRelated NewsFeb 26th, 2018

PH to raise South China Sea issues in upcoming bilaterals with Beijing: Cayetano

Foreign Affairs Secretary Alan Peter Cayetano has given assurances that the Philippines would raise the issue of reported Chinese developments in the South China Sea in an upcoming bilateral consultative meeting with China......»»

Category: newsSource:  interaksyonRelated NewsDec 17th, 2017

Borrowings rise 37% to P662 B in 10 months

MANILA, Philippines — The national government borrowed P661.76 billion from both domestic and foreign lenders in the first 10 months of the year, data from t.....»»

Category: financeSource:  philstarRelated NewsNov 28th, 2017

Amnesty Int’l urges Trump to bring up PH human rights issues during Summit

      Amnesty International (AI) Philippines called on United States President Donald Trump on Saturday to challenge President Rodrigo Duterte's human-rights record during the Association of Southeast Asian Nations (Asean) Summit.   AI Philippines Director Butch Olano urged Trump, who has spoken about his ability to talk tough with foreign leaders, "to raise the horrifying human-rights abuses that the region is facing."   "When he comes face-to-face with President Duterte, he'll be meeting a man whose policies are responsible for thousands of unlawful killings, including dozens of children and the extrajudicial execution of many others, w...Keep on reading: Amnesty Int’l urges Trump to bring up PH human rights issues during Summit.....»»

Category: newsSource:  inquirerRelated NewsNov 11th, 2017

PH to raise terrorism, radicalization during Asean Summit

    Weeks after it declared the war-torn Marawi City free from Islamic State-inspired fighters, the Philippines is set to brief the members of the Association of Southeast Asian Nations (Asean) and its dialogue partners on issues of terrorism, the Department of Foreign Affairs (DFA) said Friday.   DFA spokesperson Robespierre Bolivar said the country would raise the issue of the persistent threat of terrorism and radicalization during the 31st Asean Summit and Related Summits on Nov. 12 to 14.   "Definitely the Philippines will be raising the issue of cooperating against terrorism, cooperation against radicalization in several of these summits, A...Keep on reading: PH to raise terrorism, radicalization during Asean Summit.....»»

Category: newsSource:  inquirerRelated NewsNov 10th, 2017

Philippines to explain drug war before UN

MANILA, Philippines — Foreign Affairs Secretary Alan Peter Cayetano will raise the government’s war on drugs and campaign against criminality during his addr.....»»

Category: newsSource:  philstarRelated NewsSep 19th, 2017

Company borrowings, not new investors, push FDI up

MANILA, Philippines — Foreign direct investments (FDI) rose for the first month of 2017, but the increase came mostly companies and subsidiaries borrowing am.....»»

Category: financeSource:  philstarRelated NewsApr 10th, 2017

Foreign debt at six-year low in 2016

THE COUNTRY’s foreign debt declined in 2016 to a six-year low, the Bangko Sentral ng Pilipinas (BSP) said, as the Philippines settled more of its offshore borrowings and as the stronger dollar pulled the gross amount down from a year ago......»»

Category: newsSource:  bworldonlineRelated NewsMar 19th, 2017

Duterte clears up to $2 B foreign borrowings in Q1

MANILA, Philippines – President Duterte has given the go-signal for his administration’s first borrowing abroad which could reach up to $2 billion by the fir.....»»

Category: financeSource:  philstarRelated NewsJan 10th, 2017

Foreign banks raise Philippine economic growth forecasts

MANILA, Philippines – Foreign investment banks HSBC, Nomura, and Barclays have raised their economic growth forecasts for the Philippines after a strong perf.....»»

Category: financeSource:  philstarRelated NewsNov 20th, 2016

More certainties than alleged uncertainties

The colorful, mercurial and impulsive style of President Rody Duterte has prompted credit rating agencies and some foreign chambers of commerce to raise the alarm flag about the investment climate in the Philippines.  It is possible we may not get any .....»»

Category: newsSource: NewsOct 2nd, 2016

Yasay to raise South China Sea issue in ASEAN

MANILA, Philippines Philippine Foreign Secretary Perfecto Yasay Jr is set to raise the South China Sea issue before his counterparts at the Association of Southeast Asian Nations (ASEAN), the Philippine Department of Foreign Affairs (DFA) said. In a s.....»»

Category: newsSource:  rapplerRelated NewsJul 22nd, 2016

No plan to frontload 2017 borrowings Tan

MANILA, Philippines - The Duterte administration wont raise this year the funding requirements for 2017 despite plans for higher spending and a wider defici.....»»

Category: financeSource:  philstarRelated NewsJul 18th, 2016