Advertisements


PHL foreign debt down 1.4% at $72.2B as of end-June 2018 —BSP

OUTSTANDING foreign debt of the Philippines declined in the first six months of the year as a stronger dollar revalued the cost of third currency liabilities in favor of the country, the Bangko Sentral ng Pilipinas (BSP) said Friday. Central bank data showed that outstanding external debt stood at $72.2 billion as of end-June, down […] The post PHL foreign debt down 1.4% at $72.2B as of end-June 2018 —BSP appeared first on The Daily Guardian......»»

Category: newsSource: thedailyguardian thedailyguardianSep 14th, 2018

PHL foreign debt down 1.4% at $72.2B as of end-June 2018 —BSP

OUTSTANDING foreign debt of the Philippines declined in the first six months of the year as a stronger dollar revalued the cost of third currency liabilities in favor of the country, the Bangko Sentral ng Pilipinas (BSP) said Friday. Central bank data showed that outstanding external debt stood at $72.2 billion as of end-June, down […] The post PHL foreign debt down 1.4% at $72.2B as of end-June 2018 —BSP appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsSep 14th, 2018

Foreign debt slips to $72.2 billion in June

Prudent debt management and deleveraging from foreign borrowings by Philippine companies to minimize foreign exchange risks helped trim the country’s external debt in the first half, according to the Bangko Sentral ng Pilipinas......»»

Category: financeSource:  philstarRelated NewsSep 14th, 2018

Foreign debt down 0.4% at end-June

OUTSTANDING foreign debt declined at the end of June as companies and the national government paid down their obligations, the Bangko Sentral ng Pilipinas (BSP) said. The post Foreign debt down 0.4% at end-June appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsSep 14th, 2018

Total ban ordered on OFW deployment to Micronesia

Filipino workers may no longer be deployed to the Federated States of Micronesia due to reports of abuses and maltreatment of Filipino workers in that nation, the s governing board has recently ordered. There are reportedly more than 2,000 Filipino workers in FSM. POEA resolution No. 05-2018 said that no Filipino workers, both newly-hired and returning, will be deployed to that country, according to a press release. The order was issued at the recommendation of Philippine Department of Foreign Affairs because of reports of maltreatment of Filipino workers, citing as an example, a June 2017 report of maltreatment and abuses that led to the POEA blacklisting the Chuuk State Hospi...Keep on reading: Total ban ordered on OFW deployment to Micronesia.....»»

Category: newsSource:  inquirerRelated NewsSep 11th, 2018

Foreign direct investments in the Philippines (June 2018)

NET INFLOWS of foreign direct investments (FDI) to the Philippines increased anew in June, helping to fuel a first-half surge that pushed the tally closer to an official full-year forecast, according to data the Bangko Sentral ng Pilipinas (BSP) released on Monday. Read the full story. //embedr.flickr.com/assets/client-code.js The post Foreign direct investments in the Philippines (June… link: Foreign direct investments in the Philippines (June 2018).....»»

Category: newsSource:  manilainformerRelated NewsSep 10th, 2018

Foreign direct investments in the Philippines (June 2018)

NET INFLOWS of foreign direct investments (FDI) to the Philippines increased anew in June, helping to fuel a first-half surge that pushed the tally closer to an official full-year forecast, according to data the Bangko Sentral ng Pilipinas (BSP) released on Monday. Read the full story. The post Foreign direct investments in the Philippines (June 2018) appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsSep 10th, 2018

Hot money swings back to net inflow

Foreign portfolio investments reverted to a net inflow in July after massive outflows in May and June due to the strong interest of investors in securities listed on the Philippine Stock Exchange, as well as peso-denominated debt instruments, according to the Bangko Sentral ng Pilipinas......»»

Category: financeSource:  philstarRelated NewsAug 17th, 2018

GIR drops in July to new 6-year low

THE country’s gross international reserves (GIR) dropped to a new six-year low in July, with the Bangko Sentral ng Pilipinas (BSP) attributing the result to its foreign exchange operations, lower gold prices, and government debt payments. Central bank data released Tuesday night showed the Philippines’ foreign exchange reserves at $76.891 billion, down 0.8 percent from June and [...] The post GIR drops in July to new 6-year low appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsAug 9th, 2018

Philippines hits 3.7 million foreign tourists mid-2018

MANILA, Philippines – The Department of Tourism (DOT) on Thursday, July 19, announced that foreign visitor arrivals reached an all-time high of 3.7 million for the first half of 2018. In a statement, the DOT said tourist arrivals from January to June this year rose by 10.4%, compared to the ........»»

Category: newsSource:  rapplerRelated NewsJul 19th, 2018

Duterte made fewer public appearances, fewer trips abroad in 2018

(Editor's Note: President Rodrigo Duterte will deliver his third State of the Nation Address [Sona] on July 23. The Inquirer looks back at promises he made in Sona 2016 and Sona 2017, and how he and his administration performed on those promises. We will also look at major issues that marked his two years in office in our #Sona2018 series.) President Rodrigo Duterte reduced his public appearances, went on fewer foreign trips, and enjoyed more work-free weekends during his second year in office. He appeared at 493 events from July 1 last year to June 30, according to data from the website of Presidential Broadcast Staff Radio-Television Malacaang. During his first year in office,...Keep on reading: Duterte made fewer public appearances, fewer trips abroad in 2018.....»»

Category: newsSource:  inquirerRelated NewsJul 18th, 2018

Hot money reverses to net inflow in first half of 2018

Net inflow of foreign portfolio investments amounted to $306.25 million in the first half, a complete reversal of the $467.83 million net outflow recorded in the same period last year despite strong outflows in May and June due to investor concern on inflation as well as the weak peso and rising interest rates in the US......»»

Category: financeSource:  philstarRelated NewsJul 13th, 2018

FDI Net Inflows Reaches USD1-B in April 2018

Foreign direct investments (FDIs) into the country reached USD1 billion in April 2018 as positive balances were recorded for all FDI components during the month, Bangko Sentral ng Pilipinas (BSP) data show. BSP data released Tuesday show that the bulk of the net inflows in April 2018 was in the form of debt instruments (or […].....»»

Category: newsSource:  metrocebuRelated NewsJul 11th, 2018

PH firms’ dollar loans still rising

Philippine firms continued to borrow in dollars during the first quarter of the year, with the amount of new loans exceeding repayments despite the volatile exchange rate, the central bank said on Friday.   In a statement, the Bangko Sentral ng Pilipinas (BSP) said loans granted by banks' foreign currency deposit units (FCDU) rose by 6.4 percent to $6.3 billion at the end of March 2018, up by $685 million from the end-December 2017 level of $15.4 billion.   BSP Governor Nestor Espenilla Jr. said the maturity mix of the loan portfolio remained biased towards medium- to long-term debt or those payable over a term of more than one year, which represented 74.2 percent o...Keep on reading: PH firms’ dollar loans still rising.....»»

Category: newsSource:  inquirerRelated NewsJun 29th, 2018

Foreign divers, soldiers join rescue for Thai children trapped in cave

A Thai military officer (2nd-R) briefs US military personnel at a command outpost in Khun Nam Nang Non Forest Park near Than Luang cave in Chiang Rai province on June 28, 2018 during rescue operati.....»»

Category: newsSource:  philippinetimesRelated NewsJun 28th, 2018

Global markets lower as trade concerns linger

A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, June 27, 2018. Asian markets were mostly lower on Wednesd.....»»

Category: newsSource:  philippinetimesRelated NewsJun 28th, 2018

Biron moves to beef up investments in Iloilo

WEEKS after the signing of a law that seeks to address the red tape problem in business and investments, Rep. Ferjenel Biron (4th district, Iloilo) continues to channel his energies on promoting countryside development by inviting foreign investors. On June 21, 2018, Biron, chair of the House Committee on Trade and Industry, toured South Korean […] The post Biron moves to beef up investments in Iloilo appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsJun 22nd, 2018

Foreign debt eases to $73.2 billion in Q1 2018

The country’s external debt declined in the first quarter as more companies prepay their foreign exchange obligations, according to the Bangko Sentral ng Pilipinas......»»

Category: financeSource:  philstarRelated NewsJun 15th, 2018

Philippine external debt down to $73.2B in Q1 2018

MANILA, Philippines– The country’s outstanding external debt stood at $73.2 billion as of end-March, the Bangko Sentral ng Pilipinas (BSP) reported on Thursday, June 14. The figure is around $609 million or 0.8% lower from the same period of last year. However, it is marginally higher by 0.1% compared to ........»»

Category: newsSource:  rapplerRelated NewsJun 15th, 2018

Foreign investment pledges dip by 37.9% in Q1 2018

MANILA, Philippines – Total foreign investment pledges during the 1st quarter of 2018 fell sharply by 37.9% compared to the same period last year, the Philippine Statistics Authority (PSA) said on Thursday, June 7. The total foreign investment pledges approved by the 7 investment promotion agencies stood at P14.2 billion. .....»»

Category: newsSource:  rapplerRelated NewsJun 7th, 2018

PH Embassy in DC offers free seminars on services

WASHINGTON, D.C.-- As part of "Paglilingkod at Pagdiriwang sa Araw ng Kalayaan 2018", the Philippine Embassy will host the following seminars for members of the Filipino community on Sunday, 10 June 2018, at the Chancery Annex Building:   Programs and Services of the Philippine Overseas and Labor Office-Office of Workers Welfare Administration (POLO-OWWA) By Labor Attach Angela Librado-Trinidad and Welfare Officer Josephine Tobia 2:15 PM to 3:05 PM   Social Security System (SSS) Programs and Benefits By Ms. Marites Marin, SSS Foreign Representative- San Francisco 3:05 PM to 3:40 PM   Pag-IBIG Fund Programs and Benefits By Michael ...Keep on reading: PH Embassy in DC offers free seminars on services.....»»

Category: newsSource:  inquirerRelated NewsJun 5th, 2018