Bits and Snippets of the Philippines

Basic Reading of Global Filipinos

Philippines Need Not Borrow Money – For Now

leave a comment »

The Banko Sentral ng Pilipinas (or Central Bank of the Philippins) told various news media that the country does not have to resort to borrowing more money because of its “healthy position” regarding its balance of payments (BOP). This is strengthened by the robust influx of currency remittances to the country. Last year, the country hit a little less than $90 million in BOP surplus; the first four months of 2009 has also posted a moderate surplus.

Reblog this post [with Zemanta]

Written by Raffy Pekson II

May 26, 2009 at 6:49 pm

Comments only. No ads, links or unrelated replies.

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: