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End-January Philippine debt balloons to P14.79 trillion — Treasury

The Philippines' outstanding debt climbed to a record of P14.79 trillion as of the end of January 2024 due to the net issuance of domestic securities and the effect of peso depreciation, the Bureau of Treasury (BTr) said on Friday......»»

Category: newsSource:  philstarRelated NewsMar 1st, 2024

Sky-high debt a major factor in aborted cable TV merger

It was a ‘til debt do us part’ of sorts that caused the collapse of talks between telco giant PLDT Inc. and Sky Cable Corp.’s parent firm ABS-CBN, industry sources said......»»

Category: financeSource:  philstarRelated NewsFeb 25th, 2024

Attorney General says she’ll seize Donald Trump’s property if he can’t pay $454 million civil fraud debt

Attorney General says she’ll seize Donald Trump’s property if he can’t pay $454 million civil fraud debt.....»»

Category: newsSource:  sunstarRelated NewsFeb 22nd, 2024

Struggling with credit card debt: Renters and low-income individuals fall behind – The Daily Guardian

Title: Financial Challenges Persist for Certain U.S. Population Despite Strong Economy Subtitle: Rising inflation, credit card debt, and student loan burdens threaten the financial well-being.....»»

Category: newsSource:  inquirerRelated NewsFeb 6th, 2024

Government to limit debt as new taxes hang

With outstanding debt at a record high, the government may have to go slow with its borrowing spree, at least for now, amid its no new taxes stance and the still elevated interest rate environment......»»

Category: financeSource:  philstarRelated NewsFeb 3rd, 2024

PH debt rose to P14.62 trillion in 2023

PH debt rose to P14.62 trillion in 2023.....»»

Category: sportsSource:  abscbnRelated NewsFeb 2nd, 2024

Philippines debt hits record P14.6 trillion

The Marcos administration has so far incurred P1.82 trillion in debt since it assumed office, largely due to a high interest rate environment, pushing the country’s outstanding obligation to an all-time high of P14.62 trillion in 2023, according to the Bureau of the Treasury......»»

Category: financeSource:  philstarRelated NewsJan 31st, 2024

Moody’s outlook: Philippine banks remain on stable footing

Moody’s Investors Service has maintained a stable outlook for Philippine banks as interest rate cuts from the Bangko Sentral ng Pilipinas this year are seen to support economic recovery......»»

Category: financeSource:  philstarRelated NewsMar 7th, 2024

Banks’ bad loans swell in 2023

The soured loans of Philippine banks picked up to 3.23 percent in 2023 from the almost two-year low in 2022, according to the Bangko Sentral ng Pilipinas......»»

Category: financeSource:  philstarRelated NewsFeb 8th, 2024

Banks expect higher consumer, corporate loan demand in Q1

Despite the higher for longer interest rate scenario, Philippine banks still expect a stronger loan demand from companies and households in the first quarter of the year, according to the Bangko Sentral ng Pilipinas......»»

Category: financeSource:  philstarRelated NewsJan 26th, 2024

US approves funds for modernization of Philippine power sector

The United States Trade and Development Agency has approved the release of funds that will support efforts for the modernization and buildout of electricity transmission and distribution networks in the Philippines......»»

Category: newsSource:  philstarRelated NewsMay 22nd, 2024

Recto wants pension funds to buy government stake in SCTEX

Finance Secretary Ralph Recto wants the two pension funds to buy the government’s share in toll roads to ensure that the state will not be at a loss......»»

Category: financeSource:  philstarRelated NewsMay 16th, 2024

Government releases P3.4 billion calamity funds in Q1

The government released a total of P3.4 billion in calamity funds in the first quarter of the year as it financed various disaster relief operations......»»

Category: financeSource:  philstarRelated NewsApr 16th, 2024

Group demands accounting of Cebu City COVID-19 funds

CEBU CITY, Philippines—A coalition is demanding transparency and accountability for the budget allocated for the coronavirus disease (COVID-19) pandemic response here.  The Freedom Debt Coalition composed of various cause-oriented groups in the city said there is a need to show the public a transparent liquidation of the P3.5 billion funds for the pandemic response since […].....»»

Category: newsSource:  balitaRelated NewsApr 9th, 2024

‘DOH has P40 billion excess funds that can fund senior health care’

As the House of Representatives tries to find ways to improve the measly allocation for the health care of senior citizens, it turns out that the Department of Health has “excess funds” to support such a program......»»

Category: entertainmentSource:  abscbnRelated NewsApr 6th, 2024

DBM: P1.95 billion calamity funds released in February

Up to P1.95 billion in calamity funds was released last month to finance various disaster relief operations......»»

Category: newsSource:  philstarRelated NewsMar 8th, 2024

Capitol prepares funds for farmers affected by dry spell

Capitol prepares funds for farmers affected by dry spell.....»»

Category: newsSource:  sunstarRelated NewsFeb 8th, 2024

More Funds Needed For Cebu Brt Project

More Funds Needed For Cebu Brt Project.....»»

Category: newsSource:  sunstarRelated NewsFeb 8th, 2024

‘Practically begging:’ District rep rues meager DepEd funds for new classrooms

Days after the Department of Education cited progress in solving classroom shortages, a House representative vented his fury at being given just enough funds in his poverty-stricken district to build 13 new classrooms out of a backlog of over 700......»»

Category: newsSource:  philstarRelated NewsJan 30th, 2024

K-pop fandoms join hands to raise funds for Girls Can campaign

Globe, through its KmmunityPH online K-culture community, recently partnered up with several K-pop girl group fandoms to raise funds for World Vision’s "Girls Can" campaign......»»

Category: entertainmentSource:  philstarRelated NewsJan 12th, 2024