Sunday, July 5, 2020

Asia News

Asia is Earth's largest and most populous continent, located primarily in the Eastern and Northern Hemispheres. It shares the continental landmass of Eurasia with the continent of Europe and the continental landmass of Afro-Eurasia with both Europe and Africa.

Calabarzon to MGCQ, Dominguez Bats Metro Manila

Metro Manila and Calabarzon are due to be placed "as quickly as possible" under the more gentle modified general community quarantine (MGCQ) to boost the economy of the country in the midst of the coronavirus pandemic. Finance Secretary Carlos Dominguez...

Issuing Bank Certifications of PH Banks

The Philippine financial system is 'sound' and 'very tight' guidelines are in effect when it comes to issuing bank certifications. The Philippine Bankers Association (BAP) assured in the midst of controversy over beleaguered German fintech Wirecard. "Some individuals can attempt...

T-bill Rates Fell Below 2% After Surprise

Treasury bill (T-Bill) rates fell below 2% on Monday following last week's shock by Bangko Sentral ng Pilipinas (BSP). And, strong interest rate cuts that sent a rush of interested investors to buy government securities in the midst of flushing...

POGOs Leaving PH Over Tax Issues, Lawmaker Says

Philippine Offshore Gaming Operations (POGOs) businesses are not our loss. Senate Minority Leader Franklin Drilon said this Monday amid the country's allegedly looming expulsion of POGOs as tax laws are enforced on online gaming. POGOs are not our loss, let's...

For COVID-19 Response, PH Secures $5.76B in Loans

For COVID-19 response to the new coronavirus pandemic, Republic the Philippine government has secured more than $5,758 billion in foreign lending. Presidential spokesperson Harry Roque said funding for the COVID-19 response came from the Asian Bank for Development and the...

Gross Borrowings Surged by 593% due to COVID-19

With more loans to fund the response to COVID-19 that flowed during the first full month of lockdown, gross borrowings from the national government in April increased to P262.7 billion by 593 percent year-on-year. The latest Treasury Bureau data showed...

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