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Customs Commissioner Rey Leonardo B. Guerrero told the Inquirer that the BOC was “hoping to have the project started soon,” although they were still awaiting approval of the World Bank loan. ; The World Bank financing will account for 85 percent of project cost, while the remainder will come from counterpart government funds, Guerrero noted. ; Loan negotiations between the World Bank and the Department of Finance started last May 12.
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MANILA -The national government will start this week marketing efforts in preparation for the issuance of $2 billion worth of dollar-denominated retail Treasury bonds, which is expected to finally happen this coming September based on the latest plans. The Marcos administration’s economic team has set out for New York in yet another sortie, plus a visit to Toronto in Canada to oblige requests from investors for an economic briefing. National Treasurer Rosalia de Leon said in a press briefing that for this latest foreign currency RTB, the mini ...