External debt service drops 64.6% -- BSP

  • 📰 manilabulletin
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Philippines Headlines News

The country’s external debt service declined by 64.60 percent as end-April to $1.62 billion against $4.59 billion in the same period last year since no prepayments were made by the government at that time.

Debt service means prepayments of loans and bond redemptions or repayments from the public and private sectors.

Interest payments, which do not include prepayments on future years’ maturities of foreign loans increased by 12.20 percent to $910 million end-April from $811 million last year. The DSR, which relates principal and interest payments to exports of goods and receipts from services and primary income, is a measure of adequacy of the country’s foreign exchange earnings to meet maturing obligations.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 25. in PH

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Zack Tabudlo shares inspiration behind new love song 'Yakap'Zack Tubaldo just dropped a new song titled "Yakap!"
Source: gmanews - 🏆 11. / 68 Read more »

Maynilad customers in Las Piñas, Parañaque, Pasay to have water service interruptionSome customers of Maynilad Water Services, Inc. in Las Piñas, Parañaque, and Pasay will have water service interruption starting Saturday, July 23. Manila water no service here in qc
Source: gmanews - 🏆 11. / 68 Read more »

BSP defers decision on QC property saleBangko Sentral ng Pilipinas (BSP) Governor Felipe M. Medalla said the six-hectare Security Plant Complex (SPC) in Quezon City with estimated value of P8billion will not be considered “for sale” under his watch.
Source: manilabulletin - 🏆 25. / 51 Read more »

Diesel set for slight price drop, as rollback forecastThe pump prices of petroleum products are expected to have mixed movements in the coming week. Citing oil trading monitoring in the past four days (July 18-21), based on the Mean of Platts Singapor…
Source: EdgeDavao - 🏆 23. / 51 Read more »

Dollar debts of Globe and SMC ‘sufficiently’ hedged: CreditSights - BusinessWorld OnlineGLOBE Telecom, Inc. and San Miguel Corp. (SMC) — on a standalone basis — have sufficiently hedged their US dollar (USD) debts, according to financial research firm CreditSights, Inc.
Source: bworldph - 🏆 9. / 68 Read more »

BlueVoyant urges PH businesses to fortify supply chain risk management and resilienceBlueVoyant, a rock-solid cyber defense platform company converging internal and external security, is helping more Philippine organizations enhance their cybersecurity posture.
Source: manilabulletin - 🏆 25. / 51 Read more »