The central bank of the Philippines (BSP) is ready to increase the purchasing value of government bonds to 500 billion PHP (9.846 billion USD) in order to provide extra lifeline to the government amid the COVID-19 pandemic, said a banking official.
PetroVietnam Drilling & Well Service Corporation (PV Drilling) under PetroVietnam will provide heavy tender assist semi-submersible drilling rig for Brunei Shell Petroleum Company Sdn Bhd (BSP).
Personal remittances from overseas Philippine people reached 3.2 billion USD in December 2018, up 3.6 percent year-on-year, the Philippine central bank said on February 15.
The Philippines' outstanding external debt stood at 72.2 billion USD by the end of June 2018, down by 997 million USD or 1.4 percent from the end of March 2018, the country’s central bank has announced.
The Philippines’ inflation rate was reported at 1.4 percent in 2015, lower than the forecast 2 to 4 percent for the whole year, said the country’s central bank BSP.
World
