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NG debt hits P15.35 trillion in May
Outstanding Philippine national government (NG) debt totalled P15.35 trillion in May, an increase of P330.39 billion, or 2.2 percent, from end-April level. This was primarily attributed to the impact of local currency depreciation on the value of NG's foreign-currency denominated debt.
DOTr plans hailing trainmaker CRRC Dalian before Court of Arbitration in Singapore
The Department of Transportation (DOTr) plans hailing CRRC Dalian, the Chinese train manufacturer, before the Court of Arbitration in Singapore over alleged non-compliant trains delivered to the MRT-3 system but have never been used.
NG debt payments push GIR level lower in June
The country’s gross international reserves (GIR) level, an indicator of capacity to pay the country's obligations as and when they fall due, eased to USD104.70 billion as of end-June 2024 from the year-ago level of USD105.02 billion.
June inflation eases to 3.7% from level in May
The Philippines' headline inflation moderated to 3.7 percent in June 2024 from 3.9 percent in May, signaling a slight deceleration in overall price level
Jan-June visitor arrivals rise 12% to 3.03 million, led by South Koreans
Visitor arrivals in the Philippines in the first six months of 2024 rose 12 percent year-on-year to 3.03 million, with double-digit increases in tourist numbers from North Asia providing the main boost to the country’s tourism industry.
