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PHILSTAR FILE PHOTOTHE GOVERNMENT is still planning to source additional borrowings from the domestic market to fund the ballooning budget deficit.“We’re still finalizing the details of our borrowing program, but we’re still targeting the 80-20 [local to foreign] funding split,” National Treasurer Sharon P. Almanza

PRESIDENT Ferdinand R. Marcos, Jr. (left) and Philippine Stock Exchange Chairperson Jose T. Pardo ring the opening bell on the trading floor. — YUMMIE DINGDING/PPA POOLPRESIDENT Ferdinand R. Marcos, Jr. directed the Securities and Exchange Commission (SEC) to streamline its processes and slash transaction costs

US dollar banknotes are seen in this photo illustration taken Feb. 12, 2018. — REUTERSBANKS’ outstanding foreign currency-denominated loans inched down at end-March, the Bangko Sentral ng Pilipinas (BSP) said late on Monday.Outstanding loans granted by banks’ foreign currency deposit units (FCDU) stood at $15.782

REGINALDO ANTHONY B. CARIASORIZAL COMMERCIAL Banking Corp. (RCBC) has appointed Reginaldo Anthony B. Cariaso as its president and chief executive officer (CEO) effective July 1, it said on Tuesday.Mr. Cariaso, who was tapped to be the bank’s deputy CEO starting January, succeeds Eugene S. Acevedo