The Philippines has never defaulted on loans, says its finance chief

  • 📰 CNBC
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 72%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Filipino Finance Secretary Carlos G. Dominguez III says his country has never defaulted on its loans, local press reported.

The Philippines' finance secretary said his country has never failed to repay its loan payments, local press reported. His comments come amid concerns over the Southeast Asian nation's ability to repay its mounting debt to China and other countries.

"Even when the Philippines was cash-strapped, it had never defaulted on any of its loans," said Dominguez. "I don't know why people are saying, 'there might be a default.' That means to say those people have no faith in their own country," Dominguez said.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 12. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

GSK Finance Chief Hands Baton to Successor as Centralization Efforts Bear FruitWhen Simon Dingemans took over as chief financial officer at GlaxoSmithKline PLC eight years ago, the pharmaceuticals giant didn’t have a unified information technology system or standardized financial processes.
Källa: WSJ - 🏆 98. / 63 Läs mer »

Qualcomm finance chief to depart, likely for rival IntelQualcomm's Chief Financial Officer George Davis plans to depart the company and is likely heading to rival Intel, according to Qualcomm and a person familiar with the matter.
Källa: CNBC - 🏆 12. / 72 Läs mer »

Qualcomm finance chief departs for rival IntelQualcomm Inc's chief financial officer, George Davis, has left the company ...
Källa: Reuters - 🏆 2. / 97 Läs mer »