Good day. Here are the stories for The Manila Times for Friday, October 20, 2023. Today's episode is brought to you by Wilcon Depot, The Philippines' leading home improvement and construction supplies retailer—your Trusted Building Partner.
Marcos: Maharlika fund implemented this year PRESIDENT Ferdinand Marcos Jr. on Thursday made it clear he is bent on implementing the Maharlika Investment Fund and that earlier reports of its suspension was just him and his economic managers 'finding ways to make it as close to perfect and ideal as possible.
Navy sets up outpost in Batanes THE Philippine Navy on Wednesday inaugurated the naval detachment on Mavulis Island, Itbayat, Batanes, an initiative to safeguard the northern part of the country against foreign intruders. Present during the occasion were chairman of the Senate Special Committee on Philippine Maritime and Admiralty Sen. Francis Tolentino, Philippine Navy chief Vice Admiral Toribio Adaci, Northern Luzon Command chief Lt. Gen. Fernyl Buca and Batanes Gov. Marilou Cayco.
BoP deficit widens; foreign reserves dip Over to business, the Philippines' balance of payments shortfall ballooned to $414 million in September as the government paid off part of its foreign debt, the Bangko Sentral ng Pilipinas reported on Thursday. The deficit was significantly higher than August's $57 million but was still substantially narrower than the $2.3 billion posted a year earlier. The country's B.o.P. position remained positive year to date at a $1.
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