COMPANIES and government agencies planning to tap overseas markets should submit their borrowing plans for the last three months of 2026 and the whole of 2027 by the end of September, the Bangko Sentral ng Pilipinas (BSP) said on Tuesday.
“This is in line with the central bank’s mandate to regulate foreign borrowings or foreign currency loans so that these can be serviced in an orderly manner and aligned to the economy’s debt servicing capacity,” the BSP said.Submission of the foreign borrowing plans is required under the amended Manual of Regulations on Foreign Exchange Transactions, which details the reporting and approval requirements for external borrowings by Philippine residents.Entities covered include Philippine citizens residing in the country, permanent residents, corporations organized under Philippine law, and the Philippine branches, subsidiaries, affiliates and extension offices of foreign corporations, except offshore banking units.The Monetary Board approved $1.10 billion in public sector borrowings in the third quarter of last year, based on central bank data, lower than the $4.89 billion and $3.81 billion seen in the previous quarter and same period last year.Year to date, approved public sector foreign borrowings totaled $12.28 billion, also lower compared to $13.68 billion in 2024 and 2023’s $14.49 billion.
