Tag: P5.6 billion

PHL eyeing $5.6-billion loan from foreign banks to boost economy amid COVID-19 emergency

(Eagle News)–Finance Secretary Sonny Dominguez on Thursday, April 9, said he was eyeing a  $5.6-billion loan from the World Bank and the Asian Development Bank to help boost the Philippine economy amid the coronavirus disease 2019 pandemic. According to Dominguez, “kung kulang pa, we will probably be going sa commercial market.” “We are confident we have the financial capability to bridge this problem that COVID-19 has brought us,” he said, assuring the public that  “at […]