PHL net external liability widens at end-September

THE PHILIPPINES’ net external liability position widened as of end-September, data from the Bangko Sentral ng Pilipinas (BSP) showed. The country’s international investment position (IIP) stood at a net external liability of $74.2 billion at the end of September, 33.3% bigger than the $55.7-billion net liability at the end of June. Year on year, the