MANILA, Philippines — The country’s surplus of dollars more than doubled to an all-time high of $16.02 billion last year on the back of higher foreign borrowings by the national government to cushion the impact of the global health crisis, the Bangko Sentral ng Pilipinas (BSP) said. BSP Governor Benjamin Diokno said the balance of […]
Read MoreMANILA, Philippines — The Anti-Money Laundering Council (AMLC) is pushing for enhanced regulatory controls and enforcement actions, as well as deeper understanding of money laundering and terrorist financing risks, as suspicious transaction reports (STRs) from 2015 to 2019 amounted to P52.3 trillion. Based on its latest risk assessment, the AMLC said the application of STR […]
Read MoreMANILA, Philippines — The share of the country’s debt to gross domestic product (GDP) expanded to 54.5 percent in 2020 as the government ramped up its borrowings to address the debilitating effects of the coronavirus pandemic on the economy, the Bureau of the Treasury (BTr) reported yesterday. Data from the BTr showed the national government’s […]
Read MoreMANILA, Philippines — Reissued 10-year Treasury bonds (T-bonds) yesterday fetched higher rates amid expectations of an elevated inflation figure in January, the Bureau of the Treasury (BTr) said. The BTr fully awarded P30 billion worth of securities maturing in nine years and five months at an average rate of 3.066 percent, 34.2 basis points higher […]
Read MoreMANILA, Philippines (UPDATE 7:56 a.m., Feb. 3) — Soured consumer loans held by banks soared to their highest level in nearly a decade as of the third quarter last year, as several households struggled to pay debts after a pandemic-induced recession threw job markets into turmoil. From January to September last year, P167.8 billion consumer loans were […]
Read MoreMANILA, Philippines — As widely expected, the Duterte administration capped 2020 with a much heavier debt burden after the coronavirus pandemic stoked a borrowing spree amid falling tax receipts. The state’s outstanding liabilities swelled to P9.8 trillion as of December last year, representing a dramatic 26.7% jump from end-2019, latest data from the Bureau of […]
Read More
Thailand
