Business

BSP raises balance of payments surplus forecast

[ad_1] MANILA – The Philippine monetary authorities have revised upward the Bangko Sentral ng Pilipinas (BSP) Balance of Payments (BOP) projections based on the expected global economic recovery next year, the improvement in remittances, foreign direct investment (FDI) ) and foreign reserves. The latest figure for this year is a …

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The burden of debt | Business mirror

[ad_1] Recent reports show that our national debt will grow to P10.16 trillion by the end of 2020. This reflects a strong increase over our outstanding debt of P7.73 trillion recorded in 2019. Our gross domestic loans consist mainly of the sale government securities such as bills and treasury bonds. …

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Reevaluate priorities in tough times

[ad_1] We agree with the managing director of the IMF, Kristalina Georgieva. He noted that some emerging countries like India, Brazil, Argentina, Iraq and, yes, the Philippines, “are dealing with a large number of cases that cloud the short-term economic outlook.” One of the final notes of the recent online …

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