Despite a sharp increase in the national government’s debt payments in April, over half a trillion pesos was trimmed from total payments in the first four months of the year, leading to a 45.7 percent decline by end-April. Data from the Bureau of the Treasury (BTr) showed that the Marcos...
The Marcos administration’s total debt payments declined by 65.3 percent in the first quarter of 2025, as it settled significantly smaller amounts of principal payments to domestic lenders, offsetting the relatively negligible increase in interest payments. Data from the Bureau of the Treasury...
The country's financial transactions with the rest of the world registered a deficit in March this year due to the national government meeting its obligations for overseas debts and the central bank's activities in the foreign exchange market. The Bangko Sentral ng Pilipinas (BSP) reported on...
Dutch financial giant ING expects the Philippine peso to depreciate against the United States (US) dollar in the near term as the US President Donald Trump-led global trade war rages on and the domestic economy weakens. "We look for the Singapore dollar and Philippine peso to underperform in a...
The Marcos administration’s debt payments declined by over 80 percent in February as it suspended its multi-billion-peso principal payments to domestic creditors, offsetting the relatively negligible increase in interest payments. Data from the Bureau of the Treasury (BTr) showed that the...
FOR MONDAY The Marcos administration's debt payments dropped in the first months of the year, primarily attributed to a substantial decline in principal payments, which offset the rise in interest expenses. Data from the Bureau of the Treasury (BTr) revealed that the Philippine government's total...
More money is expected to flow out of the Philippines over 2025 and 2026, as the country is projected to import more than it exports and the services sector is seen to underperform, according to the Bangko Sentral ng Pilipinas (BSP). “The Philippine balance of payments (BOP) position is projected...
The Philippine Competition Commission (PCC) has launched a second phase of review for GCash’s planned acquisition of a 100-percent stake in Electronic Commerce Payments Inc. (EC Pay) for P3 billion. In an emailed statement on Friday, Nov. 22, the competition watchdog said a second round of review...
The Philippines posted a lower balance of payments (BOP) surplus of $1.441 billion as of end-June amid a narrowing trade deficit and net inflows registered by the central bank. Based on the latest data from the Bangko Sentral ng Pilipinas (BSP) released Friday, July 19, the first semester BOP tally...
Debt payments made by the government decreased in February due to lower principal payments made to domestic creditors, data from the Bureau of the Treasury showed. The national government's debt servicing reached P293.61 billion last February, 22 percent lower than the P375.71 billion paid out in...
The Bureau of the Treasury reported that the national government has spent over three times on debt payments in the first month of the year due to significant amortization obligations. In January 2024, the government's debt servicing expenses totaled P158.9 billion, a substantial 232 percent...
The Philippines’ current account deficit shrank by 38.6 percent to $11.2 billion last year (equivalent to -2.6 percent of the country’s gross domestic product) from P$18.3 billion in 2022 (equivalent to -4.5 percent of the country’s GDP) The Bangko Sentral ng Pilipinas said “The lower...
