A weaker peso and fresh borrowings both from local and foreign markets drove the Philippines’s outstanding debt past the P14-trillion mark, hitting a new record high for the country, Bureau of the Treasury (BTr) data showed. Know more:
A WEAKER peso and fresh borrowings both from local and foreign markets drove the Philippines’s outstanding debt past the P14-trillion mark, hitting a new record high for the country, Bureau of the Treasury data showed.
The country’s debt has grown by P676 billion since end-December 2022 when it was estimated at P13.42 trillion. The remaining 32 percent of the national government’s debt was external. The country’s external debt as of end-May reached P4.508 trillion from P4.453 trillion in end-April.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Russia’s sole aircraft carrier may reenter service by end of 2024 – TASSRussia’s only aircraft carrier, Admiral Kuznetsov, which has suffered a series of repair delays, may re-enter service by the end of next year, the country’s TASS state news agency reported Tuesday. | Reuters
Read more »
PHL to meet 50% digital payments goal in ’23 | Cai U. OrdinarioTHE Bangko Sentral ng Pilipinas (BSP) said the country is poised to attain its digital payments target for the year. Based on the data, the share of monthly digital payments to total monthly retail payments volume in the Philippines rose to 42.1 percent in 2022 from 30.3 percent in 2021.…
Read more »
PHL debt transparency rises in global report | Cai U. OrdinarioTHE country’s debt transparency ranking shot up nine notches in the 2023 IR (Investor Relations) and Debt Transparency Report of the Institute of International Finance (IIF), according to the Bangko Sentral ng Pilipinas (BSP). In a statement, BSP said the country’s ranking improved to 3rd out of 41 in just…
Read more »
‘New policies will help PHL hit RE goal’ | Lenie LecturaPolicy enforcement will play a critical role in achieving the 35 percent and 50 percent target capacity for renewable energy (RE) share by 2030 and 2040, respectively. According to Department of Energy (DOE) Secretary Raphael Lotilla, the government is committed to hit those targets. “That’s the reason why we initiated…
Read more »
PHL food supply slightly higher in 2022–PSA | Andrea E. San JuanThe per capita food available for human consumption in the Philippines in terms of calories was recorded at 2,914 kilocalories in 2022, 0.4 percent higher than the level recorded in 2021, according to the Philippine Statistics Authority (PSA). The PSA said in its latest report that cereals and products accounted…
Read more »
Press freedom in PHL: Challenges, impact, and way forwardListen to this episode from BusinessWorld B-Side on Spotify. The Philippines needs to work on ensuring the safety and freedom of journalists to report reliable developments on national issues, despite its improved world press freedom ranking in six years, the National Union of Journalists of the Philippines (NUJP) said. In this B-Side episode, NUJP Chairperson Jonathan de Santos discusses the current roadblocks to a free press in the Philippines and its potential impact on investors and the economy with BusinessWorld reporter John Victor D. Ordoñez.
Read more »