MANILA, Philippines—The Aquino administration posted a budget surplus of P26.26 billion in April, the biggest in 25 years and more than 10 times the P2.6-billion surplus a year ago, Finance Secretary Cesar V. Purisima announced Monday. The fiscal performance for the month of April brought the record for the first four months to a surplus [...]
MANILA, Philippines—The peso closed even weaker on the first trading day of the week as investors once more manifested risk aversion to assets from emerging economies due to lingering concerns over the debt crisis in the Euro zone. The local currency closed at 43.43 against the US dollar on Monday, down by 31 centavos from [...]
MANILA, Philippines—The flow of dollars and other foreign currencies into the country outstripped the outflows recorded in April, as remittances and portfolio investments remained robust. The Bangko Sentral ng Pilipinas said the surplus in the country’s balance of payments (BOP) would further boost the country’s foreign exchange reserves, which had been hitting record levels in [...]
Question: CNBC cable channel has a scroll listing Philippines 10-year bonds at 7 percent or 8 percent. Are there such bonds? Are they Government of Philippines bonds? How does one buy them? —Thomas Answer: BEFORE we answer the question, let’s talk about investing in general and then bonds in particular. Some people say investing is [...]
