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The 22.7 billion-peso figure would amount to just short of $1 billion in dollars if using the government’s exchange rate for state enterprises, currently set at 24 pesos to the dollar.
Estimates of the alleged ill-gotten wealth of the Marcos family vary, [17] [18] with most sources accepting a figure of about US$5 billion–10 billion for wealth acquired in the last years of the Marcos administration, [1] [19] but with rough extreme estimates of wealth acquired since the 1950s going as high as US$30 billion.
Per Forbes (April 2024) [1]; Rank Rank per capita Country/Territory Billionaires Rate - World 2,781: 0.343 1 11 United States 813: 2.420 2 53 China 406: 0.288 3 58 India 200: 0.144
The national debt of the Philippines is the total debt, or unpaid borrowed funds, carried by the national government of the Philippines.As of the end of October 2024, the total national debt of the Philippines amounts to ₱15.1889 trillion ($273.9 billion).
The total investment needed for the recovery plan was estimated at 61.3 billion pesos ($3.4 billion), Finance Minister Rogelio Ramirez de la O told a press conference.
Tengco said the Philippines would likely hit its target of 450 billion to 500 billion pesos ($8-9 billion) in total gross gaming revenue (GGR) by 2027, a year earlier than expected.
Billion is a word for a large number, and it has two distinct definitions: 1,000,000,000 , i.e. one thousand million , or 10 9 (ten to the ninth power ), as defined on the short scale . This is now the most common sense of the word in all varieties of English; it has long been established in American English and has since become common in ...
The e-commerce giant launched in Mexico in 2015 and has since invested 52 billion pesos ($3 billion) in an effort to attract more shoppers in Latin America's second-biggest economy and get an edge ...