Balance of payments incurred $5.5-b deficit in 8 months; GIR fell to $97.4b
The country’s balance of payments position yielded a deficit of $572 million in August, a reversal of the $1-billion surplus ...
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August gross international reserves fell to two-year low of $99b
The country’s gross international reserves fell to a two-year low of $99.0 billion in August from $99.8 billion in July ...
Read moreForex reserves down to $100.9b in June as BOP deficit hit $1.6b
The country’s balance of payments yielded a deficit of $1.6 billion in June, higher than the $312-million shortfall a year ...
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Non-payment by Russia an event of default, says Moody’s
PARIS, France—Moody’s ratings agency has confirmed that Russia defaulted on its foreign debt for the first time in a century, ...
Read moreForeign debt hits $109.8b on higher infra borrowings
The country’s foreign debt climbed by 3.1 percent or $3.3 billion in the first quarter to $109.8 billion from $106.4 ...
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IMF: Sri Lanka aid contingent on fixing debt
WASHINGTON—The IMF said Thursday it is committed to helping crisis-battered Sri Lanka, but any aid program will be contingent on ...
Read moreBOP registered a deficit of $415 million in April on increasing imports
The balance of payments, or the difference in value between payments into and out of the country, swung to a ...
Read moreIMF asks cash-strapped Sri Lanka to ‘restructure’ foreign debt before finalization of bailout program
COLOMBO, Sri Lanka—The International Monetary Fund said on Wednesday that it has asked cash-strapped Sri Lanka to “restructure” its huge ...
Read moreSri Lanka urged to increase taxes, devalue currency
COLOMBO, Sri Lanka—The International Monetary Fund warned crisis-hit Sri Lanka on Thursday that its foreign debt was “unsustainable,” and called ...
Read moreBOP surplus fell 92% to settle at $1.35b last year
The country posted a balance of payments surplus of $1.35 billion in 2021, or 92 percent lower than the $16.02-billion ...
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Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.