• The Philippines’ external debt hit an all-time high of $118.83 billion in end-September due to higher borrowings by the national government as well as statistical adjustments, according to the Bangko Sentral ng Pilipinas.
  • BSP data showed the foreign debt of the Philippines climbed by more than 10 percent during the nine-month period from a year-ago level of $107.91 billion.
  • The BSP said the year-on-year increase in the country’s debt stock was driven by the total net availments of $6 billion, the bulk or $7.8 billion of which were borrowings by the national government.