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REUTERSBy Luisa Maria Jacinta C. Jocson, Reporter THE PHILIPPINES’ outstanding external debt rose by nearly 10% year on year as of end-2024, the Bangko Sentral ng Pilipinas (BSP) said.Preliminary data showed the country’s external debt increased by 9.8% to $137.63 billion as of end-December 2024

DCSTUDIO-FREEPIKTHE PHILIPPINES’ services trade slumped in 2024 as exports grew at a much slower pace than imports, data from the Bangko Sentral ng Pilipinas (BSP) showed.Preliminary central bank data showed the country’s trade in services fell by 19.8% to $14.58 billion in 2024 from $18.18