Philippine Reserves another peak high- $82.1 Billion USD; Smoke, liquor tax up +₱32

Gross int'l reserves hit record high The Philippines' gross international reserves (GIR) reached a new high of $82.093 billion last month, the Bangko Sentral ng Pilipinas (BSP) reported on Wednesday. The end-October level marked a "modest increase" from $82.028 billion posted in the first nine months, BSP Deputy...

Continue reading

Philippine Air-force approved! $1.8 billion USD Air Assets for delivery 2013

T-50-KAI Philippines Protecting West Philippines (South China) Sea Interests As published by Aviation week (http://is.gd/gdyjvL), China's increased assertiveness over territorial claims to the South China Sea is leading the Philippines to embark on the biggest military procurement program it has ever undertaken. Both houses of the Philippine congress...

Continue reading