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IMF allocations boost Philippines’ foreign reserves in August

MANILA, Philippines — The Philippines’ foreign reserves rose in August, boosted by new Special Drawing Rights (SDRs) from the International Monetary Fund. What’s new Gross international reserves settled at $108.05 billion as of end-August, up 0.84% month-on-month, the Bangko Sentral ng Pilipinas reported on Monday. Why this matters Foreign reserves are investments in gold and foreign […]

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Philippines: Debt servicing up 37%

MANILA, Philippines — The government paid 37 percent more for its debt obligations in the seven months to July, using up nearly two-thirds of its debt servicing program for the year. According to the Bureau of the Treasury, the government hiked its debt payments to P834.32 billion as of end-July from P608.25 billion a year […]

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Covid-19 jabs: the key to reopening Thailand safely

The government announced last week that it was planning to reopen Bangkok, Chonburi, Phetchaburi, Prachuap Khiri Khan and Chiang Mai within the first week of October. This second-phase reopening will, of course, depend on the number of people vaccinated against Covid-19 in each province. This phase is being launched after the first-phase reopening of four […]

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