COMPANIES operating in the Philippines have been advised to submit their foreign borrowing plans for 2019 to the Bangko Sentral ng Pilipinas (BSP).

The BSP said submissions were required from public and private firms planning to secure medium- and long-term foreign loans from offshore sources (banks and foreign parent firms, affiliates or shareholders, including offshore issuances of debt instruments) or issue onshore debt instruments that need settlement in foreign currency.