Ph creditworthiness deteriorates in 3Q
The country’s creditworthiness as measured by its net external liability position deteriorated some more in the quarter ending September 2023 to USD50 billion from USD49.6 billion three months earlier, the Bangko Sentral ng Pilipinas (BSP) said.
Budgetary shortfalls programmed to steadily diminish over the next five years
The budget deficit projected this year to equal 6.1 percent of local output measured as the gross domestic product (GDP) is seen steadily diminishing over five years when it rounds the period to only 3 percent of GDP, the Development Budget Coordination Committee (DBCC) said.
‘Left to its own, Ph economy is OK’
Teresita Sy Coson, BDO chairperson, late on Wednesday said the Philippines should do well as a country next year even though it faces a number of challenges.
Consumer loans eases to 22.8 percent in October
Consumer loans continued to expand in October this year but at a slower pace of only 22.8 percent from 23.5 percent in September, the Bangko Sentral ng Pilipinas (BSP) reported on Wednesday.
DOTr works around court injunction to eliminate driver’s license backlog by May next year
Department of Transportation (DOTr) Secretary Jaime J. Bautista has found a shortcut addressing the multimillion backlog in driver's license woes and put an end to a saga occasioned by an ongoing court injunction.
