Gov't faces P2.2bn debt bill in September
Friday, August 21, 2020
Known as BW008, the bond is part of government’s domestic borrowing programme which in 2011 was increased to a limit of P15 billion. The bond matures on September 8, the end of its 10-year tenure, meaning government has to pay out investors holding the bonds at that point.
BusinessWeek has learnt, however, that fiscal authorities could effect a bond rollover, where rather than paying out the outstanding billions, existing investors are offered the opportunity to invest in new government bonds at rates proportionate to what they held in BW008.
The Ministry of Agriculture, local producers, retailers, and industry associations must work together to overcome the obstacles hindering vegetable production and distribution.This collaborative approach is essential to improve the availability, quality, and affordability of vegetables in the market.Firstly, the Ministry of Agriculture should provide support and guidance to local farmers to enhance their productivity and efficiency. This could...