Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco, Jr. announced that outstanding Philippine external debt approved/registered by the BSP stood at US$62.4 billion as of end-September 2011, reflecting an increase of US$1.0 billion (1.6 percent) from the US$61.4 billion level as of end-June 2011. While loan transactions for the quarter resulted in net outflows [...] [...more]
Any understanding between the Philippines and any party of interest in the Spratly islands issue wouldn’t add confusion among the Spratly claimant countries, President Spokesman Edwin Lacierda said. In a press conference in Malacanang on Wednesday, Palace reporters asked Lacierda whether a possible exchange of notes between President Benigno S. Aquino III and the Japanese [...] [...more]
Posting verbatim; Update 5 on effects of TY Chedeng (Songda) as in PAOR area. Heavy rain has already caused damage and floods as this wide storm moves slowly towards Luzon Island. At 4:00 am today, The eye of typhoon “CHEDENG” was estimated based on radar, satellite and surface data at 270 km east Northeast of [...] [...more]
Coast Guard Island, Alameda, California: In ceremonies at the US Coast Guard Station in Alameda, California Friday. The Philippine Government took over what is believed to be the first of three former US Coast Guard patrol vessels. It is hoped that as part of the Philippine Fleet will allow the Navy to be more capable [...] [...more]
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