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Foreign debt still prudent at USD119-Billion in 3Q
Tho country's foreign debt total USD118.8 billion as of end-September 2023, up by USD915 million (or 0.8 percent) from USD117.9 billion as of end-June 2023, the Bangko Sentral ng Pilipinas (BSP) said.
PH’s ‘catch-up’ plan to reverse exports decline
Secretary Frederick Go, Presidential Adviser on Investment and Economic Affairs, said the catch-up, which also includes attracting foreign investments and investing in infrastructure, targets to realize the country’s untapped export potential of $49 billion.
DOF converts $11.13B World Bank loans to fixed rate; may save $125M in 2024
The Department of Finance said Friday the Bureau of the Treasury has converted to fixed interest rate from floating rate a total USD11.13 billion...
NEDA Board extends lower tariff on rice, corn, pork until end-2024
The National Economic and Development Authority Board, the country’s highest economic policymaking body, on Thursday decided to keep tariff rates on imported rice, corn and pork at reduced levels to address supply and price challenges, including the threat of El Nino and the African swine fever.
‘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.
