MANILA, Philippines – Socioeconomic Planning Secretary Ralph Recto said the government’s successful global bond offer last week reflected strong investor confidence in the Philippines.
“This is clearly a thumbs-up coming from investors from all over the world,” he said.
Last week, the government successfully raised $750 million from the sale of dollar-denominated bonds to foreign investors. Proceeds would help plug the state’s widening budget deficit, which is projected to hit P250 billion this year, revised from a previous program of P199.2 billion.
Recto said the fresh inflows would help fund the government’s stimulus program.
“The funds from the bond offer will enable us to capitalize on the opportunities that will come with the global rebound,” Recto said.
Furthermore, he said these investments will serve as stimulus measures that would help position the country for higher growth once recovery starts in the world’s largest economies.
Recto added that the investments being funded by both government revenues and supplemented by the funds raised from the bond offer are part of the administration’s efforts to enhance the Philippines’ competitive position and to translate the benefits of economic reform into real benefits for the people.
Citibank, Credit Suisse and Deutsche Bank were the joint lead managers and bookrunners for the bond transaction. –Iris C. Gonzales, Philippine Star
March –
IT’S WOMEN’S MONTH!
“Respect and support women
every day of the year/s!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
Monthly Observances:
Women’s Role in History Month
Weekly Observances:
Week 1: Environmental Week;
Women’s Week
Week 3: Philippine Industry and “
Made-in-the-Philippines Products Week
Last Week: Protection and Gender-Fair Treatment
of the Girl Child Week
Daily Observances:
March 8: Women’s Rights and
International Peace Day;
National Women’s Day
March 4: Employee Appreciation Day
March 15: World Consumer Rights Day
March 18: Global Recycling Day
March 21: International Day for the Elimination
of Racial Discrimination
March 23: International Day for the Right to the Truth
Concerning Gross Human Rights Violations
and for the Dignity of Victims
March 25: International Day of Remembrance of the
Victims of Slavery and the Transatlantic Slave Trade
March 27: Earth Hour
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