Both government and private firms combined Php331 billion amount of bonds in the first quarter among neighboring countries in Asia, ADB reported.

The government hasd issued p298 billion amount of bonds while the private sectors had sold P33 billion.

Both government and private firms became more aggressive in tapping the capital markets to make higher expenditures.

Other Asian countries which also has high increase in bond issues are, Hong Kong (93.1%), South Korea  (38.4%), Thailand (36.7%) and Singapore (11.2%)