Philippine economic managers are looking for the creation of a new state-owned company that will inject investments to “important” private companies that faces solvency problems because of the impact of coronavirus disease (Covid-19) 2019 pandemic.
In a press briefing held at the sidelines of Sulong Pilipinas: Partners for Progress e-conference on Monday, Finance Secretary Carlos Dominguez 3rd emphasized that the impact of Covid-19 pandemic led to two problems for private firms; liquidity and solvency.
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