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These expensive bills, coupled with high annual percentage rates (APRs), which range from 24% for a run-of-the-mill card to almost 30% for specialized cards, are a major factor that brought the ...

The country’s external debt service burden reached $17.16 billion in 2024, 18 percent higher than the $14.85 billion in 2023, according to latest data from the Bangko Sentral ng Pilipinas (BSP).

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Higher principal and interest payments pushed the country’s external debt service burden to post a double-digit increase in 2024, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed.