Tag: fall
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National government gross borrowings fall in June
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THE NATIONAL Government’s (NG) gross borrowings declined by 11% year on year in June as external debt dropped, the Bureau of the Treasury (BTr) reported. The latest data from the BTr showed that gross borrowings in June fell to P148.18 billion from P166.49 billion in the same month a year…
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External debt payments fall by 20%
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THE PHILIPPINES’ external debt service burden fell by 19.8% as of end-April as principal payments declined, data from the Bangko Sentral ng Pilipinas (BSP) showed. Preliminary data from the central bank showed that the country’s debt service burden on its external borrowings dropped to $4.64 billion in the January-April period…
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PHL banks fall short of lending quota for small, medium businesses
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PHILIPPINE BANKS failed to meet the mandated quota for small business loans in the first quarter, data from the Bangko Sentral ng Pilipinas (BSP) showed. Loans extended by the banking industry to micro-, small-, and medium-sized enterprises (MSMEs) amounted to P474.922 billion as of end-March. This made up only 4.41%…
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GDP growth may fall below target in 2024, 2025 — BSP
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PHILIPPINE economic growth may fall below the government’s target this year and in 2025, as high interest rates dampen domestic demand, the Bangko Sentral ng Pilipinas (BSP) said. “The outlook on domestic economic activity remains intact, even as the economy is projected to operate slightly below potential. Economic growth could…
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Peso’s nonstop fall may stoke prices
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A PROLONGED depreciation of the Philippine peso could stoke inflation, though it could also benefit the economy by boosting export earnings, analysts said.
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Foreign investment pledges fall 64% in Q1
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FOREIGN INVESTMENT pledges slumped by 63.6% in the first quarter as global economic challenges prompted investors to be more wary of investing in emerging markets like the Philippines, analysts said.
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NG gross borrowings fall in March
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THE NATIONAL Government’s (NG) gross borrowings declined in March as external debt dropped by nearly half, data from the Bureau of the Treasury (BTr) showed.