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Philippines debt declines to P14.9 trillion in March

The country’s outstanding debt declined by nearly two percent to P14.93 trillion as of end-March from a record P15.18 trillion a month ago as the government settled its obligations to both local and foreign lenders, according to the Bureau of the Treasury......»»

Category: financeSource:  philstarRelated News18 hr. 21 min. ago

Tower companies pool in for 4G, 5G infrastructure

Two independent tower companies – Phil-Tower Consortium Inc. and Miescor Infrastructure Development Corp. – are set to form a joint venture company for 4G and 5G mobile network infrastructure in the country......»»

Category: financeSource:  philstarRelated NewsFeb 8th, 2024

A Brown targets P1.5 billion from preferred share sale

A Brown Co. Inc. is targeting to raise up to P1.5 billion from the sale of preferred shares......»»

Category: financeSource:  philstarRelated NewsJan 21st, 2024

Foreign debt reaches all-time high in 2023

The country’s foreign debt reached another record high in 2023, as both the national government and the private sector borrowed more from offshore creditors, the central bank said......»»

Category: financeSource:  philstarRelated NewsMar 18th, 2024

BSP’s ample dollar reserves to keep peso at bay – Nomura

The Bangko Sentral ng Pilipinas is one of the central banks in the region that has enough dollar buffers to defend its currency against the greenback, according to Japanese investment bank Nomura......»»

Category: financeSource:  philstarRelated NewsApr 30th, 2024

Philippines posts 196 mln USD deficit in February

MANILA, March 19 (Xinhua) -- The Philippines' overall balance of payments (BOP) posted a 196-million-U.S. dollar deficit in February, significantly lower from the 895-million-dollar BOP deficit recorded a year ago, the country's central bank said on Tuesday. The Bangko Sentral ng Pilipinas (BSP) said the BOP deficit in February reflected outflows arising mainly from the national government's foreign currency deb.....»»

Category: newsSource:  manilanewsRelated NewsMar 21st, 2024

The trillion-dollar club

Could we really join the trillion-dollar club, along with the big boys, including Canada or Italy or Brazil?.....»»

Category: newsSource:  philstarRelated NewsMar 21st, 2024

InLife offers Dollar Secure 7

InLife offers Dollar Secure 7.....»»

Category: newsSource:  sunstarRelated NewsFeb 9th, 2024

Philippines urged to accelerate development of sustainable infrastructure

The Philippines needs to work double time in building sustainable infrastructure given its high vulnerability to the impacts of climate change and weather disturbances, Singapore-based project facilitation office Infrastructure Asia said......»»

Category: financeSource:  philstarRelated NewsFeb 3rd, 2024

Robinsons Land raised P8.5-B in RCR block sale

Robinsons Land sold just over 1.725 billion shares of RL Commercial REIT [RCR 5.01 ?3.5%; 143% avgVol] in an overnight block sale after initiating a private sale process with BPI Capital......»»

Category: financeSource:  philstarRelated NewsApr 8th, 2024

NFA defends sale of cheap rice; farmers slam ‘mafia’

The National Food Authority yesterday defended the sale of rice to some traders, saying the NFA is allowed to dispose of aging stocks amid the alleged anomalous sale of rice to traders......»»

Category: newsSource:  philstarRelated NewsFeb 28th, 2024

EcoWaste Coalition Seeks Mayor Rama s Help to Halt Sale of Banned Cosmetics with Mercury

22 February 2024, Cebu City/Quezon City.  An environmental health NGO sought the help of Cebu City Mayor Michael "Mike" Rama to stop the unlawful sale of contraband cosmetics containing high concentrations of mercury, a health-damaging chemical not allowed in cosmetic products."We respectfully request your good office to take the necessary action to stop the continuing sale in Cebu City of skin whi.....»»

Category: newsSource:  philippinetimesRelated NewsFeb 22nd, 2024

Pagga-garage sale ni Michelle problema, kotse ni Rhian tambak sa garahe

HATAWANni Ed de Leon NAKATATAWA naman ang biruan nina Michelle Dee at Rhian Ramos.  Sa biruan nila obvious na magkasama nga sila sa iisang bahay. Ang biro ni Rhian, kailangan daw mag-garage sale na si Michelle dahil ang dami na niyong gamit sa kanilang bahay.  Ang sagot naman ni Michelle, paano siya makakapag-garage sale eh ang garahe nila ….....»»

Category: filipinoSource:  hatawtabloidRelated NewsFeb 4th, 2024

Metrobank raises record $1 billion from international bond market

Metropolitan Bank & Trust Co. has raised $1 billion as investors gobbled up its dual tranche offering of five and 10-year dollar-denominated notes as part of its return to the offshore debt market......»»

Category: financeSource:  philstarRelated NewsMar 1st, 2024

Wildlife forensics: how science is helping to combat a billion-dollar organized crime industry

Another day at the airport, another routine inspection for a Customs Officer.She finishes examining the contents of one shipment - nothing of note. But then, she spies a crate labeled 'exotic reptiles.'Suspicious, she opens the shipment and begins to search among the crates. And there, tucked away in a corner, is a collection of turtle shells and other wildlife products.She pauses. Have these shell.....»»

Category: newsSource:  philippinetimesRelated NewsMar 2nd, 2024

Globe closed on an additional P1.16-B in tower sales

Globe Telecom, the Zobel Family’s telecommunications company, disclosed that it closed on the sale of another 91 cell towers to Frontier Towers to raise approximately P1.16 billion in cash......»»

Category: financeSource:  philstarRelated NewsMar 27th, 2024

Debt payment rises threefold in January

The government jacked up its debt service by more than threefold to P159 billion in January as payments for interest and amortization both increased......»»

Category: financeSource:  philstarRelated NewsApr 1st, 2024

E-notice provision, other amendments to SARFAESI, DRTA in pipeline to streamline debt recovery

By Vishu AdhanaNew Delhi [India], March 19 (ANI): The Ministry of Finance has constituted a committee to determine further amendments to the SARFAESI and DRT Acts, including providing legal cover to e-notice for expeditious debt recovery, sources in the ministry said. The committee held several meetings and discussions are in the "advanced stage," sources told ANI. Last month, the finance ministry held extensive discussio.....»»

Category: newsSource:  manilanewsRelated NewsMar 21st, 2024

BPI raises $400 million from offshore debt market

Bank of the Philippine Islands has raised $400 million after successfully tapping into the offshore debt market for the first time since 2019......»»

Category: financeSource:  philstarRelated NewsMar 20th, 2024

Gov’t debt stock rose to P14.79 trillion as of Jan

MANILA, Philippines — The government’s outstanding debt rose in January due to a weak peso and after the Marcos administration borrowed more from local creditors than what it paid for its maturing liabilities, the Bureau of the Treasury (BTr) reported Friday. Data showed state obligations increased 1.9 percent month-on-month to P14.79 trillion as of January. ALSO READ:.....»»

Category: newsSource:  inquirerRelated NewsMar 2nd, 2024