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Philippines
Wednesday, May 8, 2024

Business

Gov’t returns to global bond market to fund budget deficit

The government is again tapping the global bond market, seeking at least $500 million to help finance its budget deficit. The exact size of the benchmark-size offering is still being determined, but reports indicate the government is considering bonds with 10- and 25-year maturities. The Department of Finance earlier announced plans to issue overseas bonds in the first half of 2024 to cover the budget shortfall. The strategy involves obtaining 75...

NEDA expects faster rollout of major infrastructure projects

The National Economic and Development Authority (NEDA) said it expects faster rollout...

OPEC Fund vows to help PH launch big-ticket projects

The Department of Finance (DOF) said Tuesday it obtained a commitment from...

Ex-DOE chief defends coal moratorium despite power supply alerts

Former Energy Secretary Alfonso Cusi on Tuesday described the Department of Energy’s...

LATEST Business

LATEST

Baguio boom seen after SC ruling against Camp John Hay

Baguio City is expected to facilitate more business opportunities after the Bases Conversion and Development Authority (BCDA) was authorized by the Supreme Court to...

DOT aims to exceed P1-b sales at Arabian travel mart

The Department of Tourism (DOT) and its marketing and promotions arm, the Tourism Promotions Board (TPB), are looking at exceeding the P1-billion sales they...

Business conferences, exhibitions to boost regional trade, investments

The World Trade Centers Association (WTCA) underscored the significance of business activities such as meetings, incentives, conferences and exhibitions (MICE) in reinforcing collaborations to...

Metro Pacific Health invests in UHBI-Parañaque Doctors

Metro Pacific Health Corporation (MPH), the largest private hospital network in the country, announced its acquisition of a majority stake in UHBI-Parañaque Doctors Hospital...

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