More local borrowings trim external debt to $73.1 B


“These developments may be indicative of Philippine corporate borrowers' deleveraging from foreign borrowings to minimize foreign exchange risk, among others,” the BSP chief said. Espenilla said the country's external debt was one percent higher compared to the end-September level of $72.4 billion, …


Read More from the Source

Leave a Reply

Your email address will not be published. Required fields are marked *

%d bloggers like this: