The Bureau of the Treasury (BTr) allowed Treasury bill (T-bill) yields to rise at the auction Tuesday, awarding the entire upsized offer at its first fund-raising effort for 2024.
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.
The Philippine Ports Authority (PPA), which took care of more than 80,000 cruise ship passengers visiting the Philippines this year, plans developing more cruise terminals in 2024.
The budget deficit in November narrowed by 25 percent year-on-year to P93.3 billion as public spending declined and a slight increase in revenue collection during the month compared to the level in the same month last year.