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Category Archives: 20th Nov 1987

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Philippine Debt Accord Again in Jeopardy

Reuters, 20th Nov 1987By Chaitanya KalbagJuly 31, 20241 Comment

Chaitanya Kalbag, Reuters MANILA, Nov 20 – The Philippines’ restructuring of 13.2 billion dollars of foreign debt has again been plunged into uncertainty following calls from a leading senator for the abrogation of a July agreement with the country’s creditor banks.  Senator Alberto Romulo, Chairman of the Senate’s Committee on Banking, Currency and Financial Institutions,…

Philippines to borrow sugar from Thailand to meet sudden rise in demand

20th Nov 1987, Reportage, ReutersBy Chaitanya KalbagJuly 31, 2024Leave a comment

Chaitanya Kalbag, Reuters MANILA, Nov 20 – The Philippines will borrow between 30,000 and 100,000 tonnes of raw sugar from Thailand to meet a sudden increase in demand after a shortfall caused by a severe drought, a government official said.  Sugar Regulatory Administration (SRA) chairman Arsenio Yulo told Reuters the transaction, called a time swap,…

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