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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

THROWBACK: Top PBA rookie draft picks through the years

After 33 years, the tradition of PBA teams selecting promising players from the amateur ranks, patterned after the NBA draft process, heralded a balanced influx of talent to even out the league’s competitiveness. But what makes the draft process interesting is the choice of the number 1 pick, who is considered the most in-demand player seen to bolster the chances of the worst performing or a newly established team in the PBA. With Columbian Dyip’s selection of Lyceum stalwart CJ Perez as the number one pick in the 2018 PBA Draft,  let’s look back at the top draft picks through the years, from its beginnings in 1985 to the controversial selection last year, and how they made their mark in the league. 1985 – Sonny Cabatu Sonny Cabatu was the PBA’s first-ever number one draft pick, selected by the expansion club Shell Azodrin Bugbusters, which took over the Crispa Redmanizers franchise. An intense bruiser inside the paint, Cabatu was Shell’s starting center known as “Mr. Quality Minutes.” He would then play for Great Taste, Purefoods, Sarsi, and Ginebra in a respectable career. 1986 – Rey Cuenco A member of the guest Northern Cement Corp. (NCC) team coached by Ron Jacobs that played in the pro league’s 1984 season, Rey Cuenco was picked in the 1986 draft by another new, expansion ballclub Alaska Milkmen to lead their charge.  His pro playing career blossomed from 1989 to 1992 under the tutelage of Ginebra playing coach Robert Jaworski. In 1990, he was adjudged the Most Improved Player and part of the Mythical Second Team. He also became a member of the Big J-coached, first all-Filipino, all-professional “Dream Team” in the 1990 Asian Games in Beijing that won a silver medal for the country with Allan Caidic, Samboy Lim, Benjie Paras and Ramon Fernandez among others. 1987 – Allan Caidic Considered the greatest Filipino basketball marksman ever, Allan Caidic was already a big name before he strutted into the PBA. Having won titles for the UE Red Warriors and among the top players of the Ron Jacobs-mentored national team, the Triggerman was definitely one big prized addition for any team. And Great Taste, having the privilege of selecting first in 1987, made Caidic a hands-down choice. He would later suit up for San Miguel Beer and Ginebra San Miguel in a storied career. He had since become a PBA Hall of Famer and among the Top 25 Greatest Players of All Time. 1988 – Jack Tanuan A vital cog of the FEU Tamaraws and a member of the 1986 Seoul Asian Games squad that took home the bronze, Jack Tanuan was a feared scorer who made a living with his inside game. It was no surprise that new franchise Purefoods selected him as their top pick in 1988, in addition to other direct hires from the amateur ranks that formed their strong core—Alvin Patrimonio, Jerry Codinera, Jojo Lastimosa and Glenn Capacio—on top of having the Franchise, Mon Fernandez, as playing coach. He would later play for the Sarsi, Swift and Pop Cola teams under the RFM franchise, and later on for Sta. Lucia, Mobiline, and Alaska. 1989 – Benjie Paras It was the year of Benjie Paras, a valiant, hardworking center called “The Tower of Power,” who led the UP Maroons to its historic 1986 UAAP title. After being selected by Shell as the number one pick in the 1989 draft, Paras would achieve the impossible of being both the league MVP and Rookie of the Year, while being named to the Mythical Five. Paras along with fellow Hall of Famers Ronnie Magsanoc and long-time import Bobby Ray Parks Sr. became the triumvirate that led Shell to the First Conference championships in 1990 and 1992. And, even with the onset of Fil-foreign players in the PBA, Paras remained dominant and won his second MVP plum in 1999. 1990 – Peter Jao Peter Jao was the first Cebuano player to be drafted as a rookie top pick in the league, selected by Presto Tivoli. He would then become a member of Presto’s champion team in the 1990 All-Filipino conference with Allan Caidic and Gerry Esplana. 1991 – Alex Araneta The former Ateneo Blue Eagle suited up for Alaska Air Force/Milkmen until 1995, after which he was hired in the company as a management trainee, eventually becoming one of Alaska Milk Corp.’s sales managers. Of Alaska’s 14 championships in the league, Araneta was a veteran of 2 of them (1991 Third Conference and 1994 Governors’ Cup). 1992 – Vergel Meneses An ex-seminarian who became among the PBA’s Top 40 Greatest Players, the “Aerial Voyager” was known for his show-stopping moves and is considered among the best one-on-one players. The former JRU Heavy Bomber and 1995 PBA MVP was also a member of the all-pro Centennial Team coached by Tim Cone that won the William Jones Cup in Taipei and placed 3rd in the 1998 Asian Games in Bangkok. 1993 – Zandro Limpot After his years as a King Archer for De La Salle, Zandro Limpot entered the 1993 draft and was chosen first overall by the expansion ballclub Sta. Lucia Realtors.  Limpot was named Rookie Of The Year that season as well as reaping All-Star, Mythical Second Team and All-Defensive Team honors. Limpot won his first and only PBA championship (2006 Philippine Cup) with the Purefoods Chunkee Giants. 1994 – Noli Locsin Another former Green Archer, Noli Locsin was picked by Tondeña 65 as the league’s top draft pick in 1994. He became a 4-time PBA All-Star (1994, 1995, 1996, 1999) in a high-flying career with Ginebra. Bacolod-born Locsin was famous for his barrelling game before the arrival of Filipino-Americans in the PBA. Spent 6 seasons with the Ginebra San Miguel franchise; won the 1997 Commissioner’s Cup with Jaworski as coach. He later suited up for Pop Cola, Tanduay, Red Bull, Talk ‘N Text and Sta. Lucia. 1995 – Dennis Espino After leading the UST Growling Tigers to their monumental four-peat, Dennis Espino would later bring his winning ways to the PBA. Sta. Lucia got the first crack at the 1995 draft and picked him first overall to form a menacing one-two punch with Zandro Limpot, and later with Marlou Aquino. He had a sterling career with Sta. Lucia for 15 years and yielded the following achievements:  4-time PBA All-Star, 2-time All-Defensive Team, 2-time Mythical First Team, 2004-05 Defensive Player of the Year and 2007-08 Philippine Cup Finals MVP. He won the 2001 Governors’ Cup and the 2007-08 Philippine Cup for Sta. Lucia. 1996 – Marlou Aquino Picked by Gordon’s Gin as first overall in the 1996 draft, Marlou Aquino had an exceptional maiden year gave him Rookie of the Year, Defensive Player of the Year, Best Player of the Conference (1996 Governors’ Cup), Mythical First Team, All-Star and All-Defensive Team honors. He also became the second Ginebra player (after Dondon Ampalayo in 1986) to win the Rookie of the Year award.  Aquino then was part of Gordon Gin’s 1997 Commissioner’s Cup and Sta. Lucia Realty’s 2001 Governors’ Cup championship teams.  1997 – Andy Seigle The first Fil-Am top pick, chosen by Mobiline in 1997, Andy Seigle won Rookie of the Year and was part of the 1999 All-Star Game. The Scranton, Pennsylvania native was twice a member of the National Team in the 1998 and 2002 Asian Games and was one of the most dominant and best defensive players in the 1990’s era. 1998 – Danny Ildefonso  Danny Ildefonso was picked by San Miguel Beer first overall in 1998, the year he also won Rookie of the Year. One of only four pro players to win back-to-back MVP awards (2000 and 2001), Ildefonso had a prolific 15-year career with the San Miguel ballclub with 8 championships (1999 and 2000 Commissioner’s Cups;  1999, 2000 and 2011 Governors’ Cups; 2001 All-Filipino; 2005 and 2009 Fiesta Cups). He is among the PBA’s Top 40 Greatest Players. 1999 – Sonny Alvarado Selected by Tanduay as its top pick in the 1999 Draft, Sonny Alvarado was poised to dominate the league as a gritty Fil-Am all-around player. He was however embroiled in the “Fil-Sham” controversy, that revealed that he had filed two alleged birth certificates of his mother when he applied for the draft. This prompted immigration officials to initiate deportation measures against Alvarado because of such failure to directly prove his Filipino parental links. 2000 – Paolo Mendoza Paolo Mendoza was a hot-shooting guard who led the UP Fighting Maroons to two Final Four appearances from 1996-1997. He then applied for the 2000 draft and was chosen the overall first pick by Sta. Lucia Realty. Together with Dennis Espino and Marlou Aquino, Mendoza was one of the main factors behind the 2001 Governor’s Cup title win of the Realtors. 2001 – Willie Miller The diminutive Willie Miller is considered the first player from the PBA’s rival league, Metropolitan Basketball Association, to become the top overall pick in a PBA Rookie Draft, in which he was selected by the Batang Red Bull Thunder. He was part of three teams that copped PBA titles—Red Bull (2001 and 2002 Commissioner’s Cup), Alaska (2007 Fiesta Cup), and Talk ‘N Text (2015 Commissioner’s Cup). His career highlights in his 15 years in the PBA were 2-time MVP (2002 and 2007), 2-time Finals MVP, 9-time All-Star,  3-time Mythical First Team member, and 2014 Sportsmanship Awardee. 2002 – Yancy de Ocampo The “Post-Man” as he is called, Yancy de Ocampo is a shifty, reliable center who delivers the goods at crunch time. He was the number one draft pick in 2002 by the FedEx Express. He was part of several champion teams, namely Talk ‘N Text, BMeg Llamados, San Mig Coffee and eventually San Miguel Beer. 2003 – Mike Cortez The “Cool Cat” Mike Cortez, a former La Salle standout, brought his court savviness to the PBA after Alaska picked him first overall in the 2003 draft by and immediately went to work. Cortez helped the Aces win the Reinforced Conference that year. He would then move on to San Miguel Beer, and was part of a hefty push to win the 2007 and 2009 Fiesta Conferences. A journeyman in his 15-year PNA career, Cortez currently plays for the Blackwater Elite. 2004 – Rich Alvarez The Japan-born and U.S.-raised Rich Alvarez had a blast on his maiden year with Shell, which selected him first overall in the 2004 draft, collecting Rookie of the Year, All-Star, All-Defensive Team and All-Rookie Team honors. Played for 13 seasons in 8 different teams, Rich was successful in winning 4 championships with the TNT Tropang Texters (2010-11, 2011-12, 2012-13 Philippine Cups and 2011 Commissioner’s Cup) 2005 – Anthony "Jay" Washington This Zambales-born journeyman was first chosen by Air21 in the 2005 draft then traded to Talk ‘N Text. But his stint with San Miguel Beer made him flourish with two titles in the 2009 Fiesta Conference and the 2011 Governors Cup. He would return to the TNT Tropang Texters and help the, win the 2015 Commissioner’s Cup. He currently plays for the Rain or Shine Elastopainters. 2006 – Kelly Williams Picked first overall by Sta. Lucia Realty in 2006, Kelly Williams immediately made his presence felt that year bagging Rookie of the Year and All-Rookie Team honors. He first won a championship with Sta. Lucia in the 2007-08 Philippine Cup and would then lead his present ballclub, the TNT Tropang Texters to five championships, notably the three-peat Philippine Cups from 2010 to 2012, and the 2011 and 2015 Commissioners’ Cups. 2007 – Joe Devance While it was Welcoat that originally drafted Joe Devance as the first pick overall in the 2007 draft, he would earn the distinction of being the league’s winningest coach Tim Cone’s most trusted trooper. Devance has won nine championships with Cone as his coach, starting with Alaska (2010 Fiesta Cup), B-Meg/San Mig Coffee (2012 and 2014 Commissioner’s Cup, 2013 and 2014 Governors’ Cup and Philippine Cup); and currently, Ginebra San Miguel (2016 and 2017 Governors’ Cup, and 2018 Commissioners’ Cup).  2008 – Gabe Norwood Chosen by the only team has played for up to now, the Rain or Shine Elastopainters, as its number one draft pick in 2008, Gabe Norwood would then etch a rich career with his ballclub, having won 2 championships (2012 Governors’ Cup, 2016 Commissioner’s Cup). He had also notched numerous awards, including Rookie of the Year, Defensive Player of the Year, and was part of the All Star Game nine times, and the All-Defensive Team six times.  2009 – Japeth Aguilar   “Jumpin’ Japeth” starred for the Ateneo Blue Eagles for two years then moved to the Western Kentucky University Hilltoppers during his university years.  In 2009, Aguilar was selected by Burger King and only played one game with the Whoppers, after which he was traded to Talk `N Text.  Japeth has become a Team Gilas mainstay since the beginning of his pro career, of which the Philippines’ participation in the 2014 FIBA World Cup in Spain became one of his national team career highlights. 2010 – Nonoy Baclao   “Mr. Swat” was among the vital cogs of the Ateneo Blue Eagles’ back-to-back UAAP men’s basketball championships in 2008 and 2009. After college, Baclao led the Philippine Patriots as the inaugural champion of the 2009-10 Asean Basketball League (ABL) season prior to entering the PBA rookie draft. In 2010, Nonoy was selected by Air21 then he was traded to Petron (San Miguel) where he had one championship in his sophomore year in the league.  2011 – JVee Casio  The former De La Salle Green Archer playmaker who was Rookie of the Year (2003), Finals Co-MVP (2007) and Mythical Five member (2007 & 2008) in the UAAP was a Gilas pioneer before deciding to turn pro in 2011. By far Casio “G-Shock” is the shortest among the active PBA players to have been picked first overall by the Powerade Tigers. JVee was traded to Alaska Aces in 2012 and has since then became a mainstay in the team which he helped win the Commissioner’s Cup title in 2013. 2012 – June Mar Fajardo  The burly Cebuano was star center at the University of Cebu of which he steered to back-to-back titles in 2010 and 2011 at the CESAFI league. “The Kraken” has played for only one team throughout his pro career in the Asean Basketball League (ABL) and the PBA – San Miguel. As one big reason to “Fear the Beer,” Fajardo gave San Miguel six championships to date and became the first and only PBA player to win the MVP award in four straight seasons (2014, 2015, 2016, 2017).  2013 – Greg Slaughter  “GregZilla” stomped rivals with his huge presence when he helped lead the Ateneo Blue Eagles to two consecutive UAAP championships in 2011 and 2012 -- completing a five-peat for the Loyola Heights squad. Picked by Barangay Ginebra in 2013, Slaughter got his pro career to a fast start with ROY and All-Rookie Team honors. He won 3 championships under coach Tim Cone (2016 and 2017 Governors’ Cups; 2018 Commissioner’s Cup). He also saw action for the first time with Gilas this year in the 2019 FIBA World Cup Asian Qualifiers. 2014 – Stanley Pringle  Drafted by NorthPort Batang Pier, “The Beard” exploded into the local basketball scene with Rookie of the Year and All-Rookie team honors, after stints with Belgium, Poland, Ukraine and Indonesia ballclubs.  A 4-time All-Star (2015, 2016, 2017, 2018), Pringle is considered among the best guards and high scorers in the play-for-pay league, gaining raves from other coaches and close followers of the sport.   2015 – Moala Tautuaa  He applied and went undrafted in the 2012 NBA draft, then moved to Asia to resume his basketball career by playing as an import for the Westsports Malaysia Dragons in the ABL.  After which, the Fil-Tongan made the “Big Mo(ve)” to the Philippines and spent a fruitful season with the D-League, ending up as its 2015 Foundation Cup MVP.  Talk N` Text selected Tautuaa as overall pick of the first round but traded him later on to NorthPort Batang Pier in 2018. 2016 – Raphael Banal  Since the first round of the 2016 PBA draft was dedicated to PBA teams choosing Gilas Pilipinas players to join their ranks, the regular draft started in the second round. Here, the Blackwater Elite chose as its first pick Raphael Banal, a contemporary of Kiefer Ravena and Von Pessumal in the Ateneo Blue Eaglets juniors team who went to the Hope International University-California for college.  His surname rings a bell, being the youngest child of former PBA player and TNT coach (2003 All-Filipino Conference champion) Joel Banal.  Yet “Ael” held his own in the PBA D-League for two conferences with Racal Motors.  2017 – Christian Standhardinger  The American-schooled Fil-German played in the ProA and Basketball Bundesliga tournaments in Germany as well with Hong Kong Eastern in the ABL.  Although he was selected by San Miguel Beer in the overall draft of 2017 in a controversial trade with Kia Picanto, the rightful owner of the number one pick, Standhardinger joined the Beermen in the 2018 Commissioner’s Cup after completing his ABL tour of duty.  .....»»

Category: sportsSource:  abscbnRelated NewsDec 18th, 2018

Student loan debt still crippling burden for millions of Americans

WASHINGTON, United States--- Michael Bloomberg's record $1.8 billion donation for financial aid to Johns Hopkins University highlights the problem of student debt in America, which can still be a burden even years after graduation. According to the Department of Education, 42.2 million Americans were repaying a federal student loan at the end of June 2018 for a total sum of nearly $1.5 trillion, the largest volume of debt after home loans. Bloomberg, the former mayor of New York, said he was making the gift to his alma mater to help qualified low- and middle-income students more easily afford access to university in a country where post-secondary education fees at elite schools...Keep on reading: Student loan debt still crippling burden for millions of Americans.....»»

Category: newsSource:  inquirerRelated NewsNov 20th, 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