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Government debt inches up to 42.3% of GDP in third quarter of 2018

The share of the national government’s gross borrowings to the country’s gross domestic product slightly widened to 42.3 percent in the third quarter of the year with the continued rise in the government’s debt stock, according to the Department of Finance......»»

Category: financeSource: philstar philstarDec 7th, 2018

PH debt inches up to new high of P7.195T in November

MANILA, Philippines -- Robust demand for long-dated Treasury bonds last November further pushed up the national government's outstanding debt to a new high of P7.915 trillion at the end of the first 11 months of last year. In a report Thursday, the Bureau of the Treasury said combined outstanding domestic and external obligations as of end-November 2018 rose 11.8 percent from P6.437 trillion a year ago and inched up 0.4 percent from P7.167 trillion in October. Domestic debt, which accounted for almost two-thirds of the total, increased 11.9 percent year-on-year and 1.9 percent month-on-month to P4.708 trillion. In a statement, the Treasury attributed the month-on-month increas...Keep on reading: PH debt inches up to new high of P7.195T in November.....»»

Category: newsSource:  inquirerRelated NewsJan 3rd, 2019

Outstanding NG debt hits P6.8T

Foreign exchange movements and the issuance of government securities saw the national government’s outstanding debt rise to P6.878 trillion in March, the Bureau of the Treasury reported. “The National Government’s (NG) outstanding debt settled at P6,878.89 billion as of end-first quarter 2018, P58.23 billion or 0.85 percent higher than the previous month due to currency [...] The post Outstanding NG debt hits P6.8T appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMay 1st, 2018

PH govt moves panda bond sale to Q1 2018

The Philippines' maiden sale of renminbi-denominated debt — or “panda bonds” — will be moved to the first quarter next year, the Finance chief said, as the government awaits approval by China’s central bank......»»

Category: newsSource:  interaksyonRelated NewsNov 30th, 2017

Gov’t moves panda bond sale to Q1 2018

THE PHILIPPINES’ maiden sale of renminbi-denominated debt — or “panda bonds” — will be moved to the first quarter next year, the Finance chief said, as the government awaits approval by China’s central bank. “Bu[reau] of [the] Treasury is awaiting final approval from the People’s Bank of China so the schedule for issuance has been […] The post Gov’t moves panda bond sale to Q1 2018 appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsNov 29th, 2017

Government debt inches down in Q1 of 2017

MANILA, Philippines — Higher settlements and a slightly stronger peso pushed the National Government's debt stock lower in the first quarter, latest data fro.....»»

Category: financeSource:  philstarRelated NewsMay 8th, 2017

Government debt inches down in Q1 of 2017

MANILA, Philippines — Higher settlements and a slightly stronger peso pushed the National Government's debt stock lower in the first quarter, latest data fro.....»»

Category: financeSource:  philstarRelated NewsMay 8th, 2017

Italy slides into recession, darkening outlook for Europe

MILAN - Italy has fallen back into recession, intensifying concerns about the 19-country eurozone economy and a possible flare-up in the debt market jitters that have haunted the bloc in the past. The Italian economy, the third-largest in the eurozone, contracted by a quarterly rate of 0.2 percent in the fourth quarter of 2018, the national statistics agency said. Following a 0.1 percent drop in the previous three-month period that means Italy is in a technical recession, defined as two straight quarters of economic contraction --- just four years after its last one. Italy's recession is one reason why the wider eurozone slowed in 2018, along with uncertainties related to Brexit...Keep on reading: Italy slides into recession, darkening outlook for Europe.....»»

Category: newsSource:  inquirerRelated NewsJan 31st, 2019

Government debt piles up to P7.29 trillion in 2018

The debt pile of the national government climbed by 9.6 percent to P7.29 trillion last year from P6.65 trillion in 2017 as the government decided to borrow more to plug the budget shortfall, according to the Bureau of Treasury......»»

Category: financeSource:  philstarRelated NewsJan 29th, 2019

SWS: Satisfaction with Duterte Cabinet, Congress, SC up in Q4 of 2018

PUBLIC satisfaction with the three branches of government under the administration of President Rodrigo Duterte all increased in the fourth quarter of 2018, according to the latest Social Weather Stations…READ The post SWS: Satisfaction with Duterte Cabinet, Congress, SC up in Q4 of 2018 appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJan 25th, 2019

2018 GDP growth falls short of goal

  High food prices and the "failure" of the agriculture sector to post faster expansion slowed economic growth last year, the country's chief economist said.   The Philippine Statistics Authority said the 2018 gross domestic product grew 6.1 percent year-on-year in the fourth quarter of 2018, bringing the full-year average to 6.2 percent, short of the government's downgraded 6.5-6.9 percent target range.   Last year's GDP growth was the slowest in three years, or since the 6.1 percent posted in 2015.   In a press conference, National Statistician Lisa Grace S. Bersales said that among three major industries, the biggest contributor to GDP grow...Keep on reading: 2018 GDP growth falls short of goal.....»»

Category: newsSource:  inquirerRelated NewsJan 24th, 2019

Govt lowers Q3 GDP growth to 6%

THE government on Wednesday lowered the third quarter of 2018 Gross Domestic Product (GDP) growth to 6 percent from 6.1 percent. “This was due to the downward revisions in manufacturing;…READ The post Govt lowers Q3 GDP growth to 6% appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJan 23rd, 2019

Govt lowers Q3 GDP growth to 6% | The Manila Times Online

THE government on Wednesday lowered the third quarter of 2018 Gross Domestic Product (GDP) growth to 6 percent from 6.1 percent. This was due to the downward revisions in manufacturing;READ The post G.....»»

Category: newsSource:  manilanewsRelated NewsJan 23rd, 2019

2018 China growth slowest in 28 years

BEIJING: China’s economy grew at its slowest pace in almost three decades in 2018, losing more steam in the last quarter as it battles a massive debt pile and a US…READ The post 2018 China growth slowest in 28 years appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJan 21st, 2019

Economy poised for 2019 comeback | Inquirer Business

Policymakers expect the countrys economic growth in the fourth quarter of 2018 to be capped by measures the government implemented to bring inflation under controlmoves that ultimately affected market.....»»

Category: newsSource:  philippinetimesRelated NewsJan 21st, 2019

China’s 2018 growth slowest in decades – poll

BEIJING: China’s economy grew at its slowest pace in almost three decades in 2018, analysts in an AFP poll said, as the government struggles to contain ballooning debt and a…READ The post China’s 2018 growth slowest in decades – poll appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsJan 18th, 2019

Government debt further swells to P7.195 trillion in November 2018

The national government’s outstanding debt continued to rise, reaching another all-time high of P7.195 trillion as of end-November 2018 as the government issued more domestic securities than those it redeemed, the Bureau of the Treasury reported yesterday......»»

Category: financeSource:  philstarRelated NewsJan 3rd, 2019

Government settles P29-billion debt in October 2018

The national government settled P29.18 billion of its debt last October, including interest payments and amortization, the Bureau of the Treasury reported......»»

Category: financeSource:  philstarRelated NewsDec 25th, 2018

National government borrowings decline in October 2018

The national government reported lower borrowings last October as both debt from domestic and external sources declined during the month, the Bureau of the Treasury reported......»»

Category: financeSource:  philstarRelated NewsDec 25th, 2018

[OPINION] Promises and pitfalls of cool Japan in Philippine geo-politics

In November, pollster Social Weather Stations (SWS) released its 2018 3rd Quarter Social Survey . Among its findings is increased opposition to government inaction on China's intrusion, the sentiment of 84% of Filipinos. The surey results also showed that 87% of Filipinos believe it's important for the Philippines to regais control of ........»»

Category: newsSource:  rapplerRelated NewsDec 9th, 2018

Palace sees improved business, consumer confidence in coming months despite Q4 drop

  MANILA, Philippines - Malacaang assured the public on Friday that the government was addressing the issues on inflation, weakening peso and higher interest rates among others, which contributed to the decline in business confidence in the country.   The Bangko Sentral ng Pilipinas has reported on Thursday that business and consumer confidence in the country continued to weaken in the fourth quarter of 2018.   The BSP said among the factors that contributed to the less optimistic outlook were soaring inflation, weakening peso, higher interest rates, lower volume of sales and orders and lack of raw materials supply.   "The public should understand...Keep on reading: Palace sees improved business, consumer confidence in coming months despite Q4 drop.....»»

Category: newsSource:  inquirerRelated NewsDec 7th, 2018