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
July 2025
Nutrition Month
“Give us much more than P50 increase
for proper nutrition!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos
July
3 July – International Day of Cooperatives
3 July – International Plastic Bag Free Day
5 July – World Youth Skills Day
7 July – Global Forgiveness Day
11 July – World Population Day
17 July – World Day for International Justice
28 July – World Nature Conservation Day
30 July – World Day against Trafficking in Persons
Monthly Observances:
Schools Safety Month
Nutrition Month
National Disaster Consciousness Month
Weekly Observances:
Week 2: Cultural Communities Week
Micro, Small, and Medium Enterprise
Development Week
Week 3: National Science and
Technology Week
National Disability Prevention and
Rehabilitation Week
July 1-7:
National Culture Consciousness Week
July 13-19:
Philippines Business Week
Week ending last Saturday of July:
Arbor Week
Daily Observances:
First Saturday of July:
International Cooperative Day
in the Philippines
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