11 May 1988 Reuters News English (c) 1988 Reuters Limited MANILA, May 11, Reuter – The Philippine Senate has ended a six-month lull by taking some tough steps on the country’s debt. It has proposed limiting debt service limit and suspending payments on a 1.2 billion dollar nuclear plant loan. The Senate also unanimously passed…
31 May 1988 Reuters News English (c) 1988 Reuters Limited MANILA, May 31, Reuter – There are no magical solutions to the Philippines’ heavy foreign debt burden, Finance Secretary Vicente Jayme told a businessmen’s meeting. Earlier this month the Philippine Senate issued a flurry of tough proposals on the country’s $28.7 billion dollar foreign debt…
5 June 1988 Reuters News English (c) 1988 Reuters Limited MANILA, June 5, Reuter – To pay or not — that is the question facing the Philippines, only Asian nation on the World Bank’s list of 17 highly indebted, middle-income countries. The Philippines, with a foreign debt of 28.7 billion dollars, has received no new…
6 June 1988 The Toronto Star FIN B4 English Copyright (c) 1988 The Toronto Star MANILA, Philippines – “No one’s talking new money, so we must reduce external outflows,” Economic Planning Secretary (Minister) Solita Monsod said in a newspaper interview. “Confrontation is a state of mind. We’re not saying that we won’t pay, just that…