Central bank nudges entities on foreign borrowings plan

Quick Summary:

THE Bangko Sentral ng Pilipinas (BSP) advised all public and private resident entities to submit not later than September 30, 2024, their foreign borrowings plan (FBP) for the last quarter of 2024 and the whole year 2025.

Submitting the FBP would allow the central bank to determine the possible magnitude of foreign funding requirements of the economy for the succeeding year.

All reported data are covered by strict confidentiality rules and shall be used for the BSP’s internal purposes only pursuant to Section 23 of Republic Act (RA) 7653 (as amended by RA 11211).

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Article Details

Author / Journalist: Reine Juvierre S. Alberto

Category: BusinessStartups

Markets: Philippines

Topics: Private Borrowings Billion 2024 Entities Loans Debt Percent Foreign Sector Public

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-24 @ 16:10:00 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 397 words

Reading Time: 3 minutes read

Sentences: 13 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 21763688

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News Last Updated: 16 hours ago

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