Asia’s largest sovereign issuer of foreign debt is expected to post a record budget deficit in 2010 after a larger-than-expected shortfall in the first quarter, a Reuters poll of 10 economists showed.
The median forecast was for the deficit to widen to P307.5 billion ($6.9 billion) from P298.5 billion in 2009, the current record deficit in peso . . . → Read More: Debt up and Jollibee expand
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