BIZ BUZZ: Borrowing spree

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One must spend money to make money, as the business adage goes. And so it is as well for economies like that of the Philippines where resources must first be spent by the government to ensure that

The opening salvo already happened earlier this month when the national government borrowed $3 billion through a bond issue. Next on the radar, we’re told, will be a peso-denominated retail treasury bond sale.

The only question now is: Will financial markets cooperate and give the Philippine government a good price for its planned borrowings? Watch this space folks.E-commerce solutions provider Enstack, a proudly homegrown company that currently has nearly 100,000 online merchants, is ready to take on the Southeast Asian market.

“Aside from Vietnam, I think Thailand might be a very similar market also,” she said, noting that they were taking their learning from the Philippine market as they go abroad. In particular, Castillo said investors from the United States and Europe had expressed interest to bring in some capital to the company. She said Southeast Asia, including the Philippines, is very attractive now for investors and they want to learn more about this market.

 

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MB okays $2-B Q4 foreign borrowingCOVERING October to December 2022, the Monetary Board (MB) on Friday approved one public sector foreign borrowing of $2 billion for the fourth quarter of 2022, according to the Bangko Sentral ng Pilipinas (BSP).
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