Finance Debt

BSP: Foreign reserves up to $ 109.08 billion in February

Philippine dollar reserves hit $ 109.08 billion in February thanks to central bank foreign exchange operations and income from overseas investments, data showed Thursday. The level of gross international reserves (GIR) – a measure of the ability to settle import payments and foreign debt service – compares to $ 108.673 …

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US economic recovery hinges on risky stimulus package

The US Senate approved a $ 1.9 trillion coronavirus relief plan on Saturday. US public opinion and the market have regained confidence, with forecasts that the US economy will experience its fastest growing in decades this year. Some have even said that the United States will once again overtake China …

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