PHL’s foreign debt service bill soars to $2.13 billion

THE PHILIPPINES’ debt service on foreign loans continued to climb amid higher principal payments as of February, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed. At end-February, the country’s external debt service burden stood at $2.127 billion, increasing by 31.54% from the $1.617 billion posted in the comparable year-ago period. This was the […]