Gov’t debt hits record P12.03T

The National Government’s outstanding debt hit a record P12.03 trillion at the end of January after it got another zero-interest loan from the central bank and borrowed locally, according to data from the Treasury bureau.  The end-January debt level rose by 16.5% from a year earlier and by 2.6% from December.  About 70% of the […]

More hot money enters Philippines

By Luz Wendy T. Noble, Reporter  More foreign portfolio investments entered the Philippines than they left in November, amid improving economic conditions that boosted investor sentiment, according to the central bank.  So-called hot money posted a net inflow of $109.56 million last month, 52% lower than a year earlier, based on Bangko Sentral ng Pilipinas (BSP) data released on Friday. But it was a turnaround from […]