Manila: The Philippine central bank plans to require the nation’s largest business groups to disclose their foreign-debt levels due to concern their exposure may be bigger than currently estimated.
The monetary authority aims to send out requests in the next three-to-six months as it seeks to head off any potential risk to the Southeast Asian nation’s economy, according to Bangko Sentral ng Pilipinas Governor Felipe Medalla.
Read More : Philippine Central Bank Urges Companies to Disclose Foreign Debt