BSP data showed foreign debt climbed by 17.5 percent during the nine-month period from a year-ago level of $118.83 billion.
"The increase was primarily driven by total net availments by both public and private sector borrowers as well as the net acquisition of Philippine debt securities by non-residents," the central bank said in a statement.
"Public sector net availments for the 12-month period were recorded at $7.94 billion while private sector borrowers accumulated net availments of $6.63 billion for the same period," the BSP said.
Quarter on quarter, the country's external debt inched up by 7.3 percent from $130.18 billion as of end-June due to liquidity requirements of the public and private sector as well as the increase in nonresidents' investment appetite for onshore debt securities.
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Denne historien er fra December 23, 2024-utgaven av The Philippine Star.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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ART'S HEROES AND ZEROES
2024's defining moments in art and history.
FAMILY TAPESTRIES
In my senior year of college, I was assigned to read, for a memory studies class, the memoir Subversive Lives, a generational portrait of the Marcos dictatorship years written by the Quimpo siblings.
The family Christmas tradition in Baguio
Two weeks ago, our family went on our annual Christmas trip to Baguio from Dec. 12 to 15.
Ateneo Art Gallery presents PKL Prize winners and unveils return exhibition of the Ateneo Art Awards 2024
The Ateneo Art Gallery (AAG) announced this year's winning writers for the Ateneo Art Awards 2024 Purita Kalaw-Ledesma (PKL) Prizes in Art Criticism during the Awarding Ceremony held Nov. 24.
MMFF PRODUCERS HOPEFUL FOR AUDIENCE SUPPORT
EVERY YEAR, THE METRO Manila Film Festival (MMFF) provides one of the biggest platforms for Filipino films to take the spotlight. However, not all films are created equal in the eyes of cinemas and audiences.
Take it from Kim Chiu: Celebrate the small wins
Kim Chiu is known to her legion of fans and in the local tinseltown as the \"Pinoy Big Brother: Teen\" housemate and big winner, The Chinita Princess, and the Kapamilya performer and actress.
Nomura: BSP likely to deliver three rate cuts in early 2025
Bangko Sentral ng Pilipinas (BSP) likely implement a series of 25-basis-point (bps) rate cuts during its first three meetings in 2025, Nomura Global Markets Research said.
ACMobility takes over EV charger locator
The automotive unit of the Ayala Group has acquired a startup that promotes the shift to electric vehicles by pointing drivers to the nearest charging station wherever in the Philippines.
Holiday exodus
The Christmas and New Year holiday exodus out of the city began over the weekend and will likely last until the first week of January.
ADB OKs $500-M loan for employment recovery
The Asian Development Bank (ADB) has approved a $500-million loan to the Philippines to support employment recovery through skills training and prepare the workforce for changing industry needs.
