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Metrobank eyes return to offshore debt market
Metropolitan Bank & Trust Co. is returning to the offshore debt market to raise at least $500 million to diversify the bank’s funding sources and support its operations......»»
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......»»
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.....»»
ALI to raise P50 billion in debt capital
Property giant Ayala Land Inc. is raising up to P50 billion in debt capital this year to refinance maturing obligations and partially fund general corporate requirements......»»
BPI eyes return to debt markets in 1st half
Bank of the Philippine Islands is looking to tap the local and foreign debt markets within the first half of the year to raise funds to refinance its maturing obligations and beef up its lending portfolio......»»
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.....»»
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......»»
PH debt rose to P14.62 trillion in 2023
PH debt rose to P14.62 trillion in 2023.....»»
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......»»
DOF: GFIs can seek extended relief after Maharlika infusion
Government financial institutions Land Bank of the Philippines and Development Bank of the Philippines will likely seek an extension of its regulatory relief following contributions to the country’s sovereign wealth fund......»»
Jobstreet by SEEK Releases 2024 Compensation and Benefits Report
As the employment landscape starts to rapidly evolve, the newly released Jobstreet by SEEK 2024 Hiring, Compensation and Benefits Report revealed that more companies are open to offering new forms of compensation and benefits to attract and retain top talents. This resulted in additional benefits, shifted priorities, and most notably, salary increases. To obtain this […].....»»
Jets approve QB Wilson to seek trade, wont tag Huff
The New York Jets are making headlines in the NFL world as they have granted permission for quarterback Zach Wilson and his agent to seek.....»»
FPRRD to deal with ICC probe, won’t seek help from PBBM
FORMER President Rodrigo Duterte will be dealing with the International Criminal Court’s (ICC) probe regarding his administration's war on drugs, and won't seek any help from his successor, President Ferdinand "Bongbong" Marcos Jr......»»
Delivery drivers urge Mayor Baste for business permit exemption
Title: Delivery Drivers Seek Exemption from Business Permit Requirement A group of delivery drivers in Davao is urging Mayor Sebastian Duterte to exempt them from the mandatory business permits. The drivers, including those from various delivery apps such as Grab and FoodPanda, are concerned about the financial burden imposed by the business permits, which range from P2,000 to P6,000. They argue that this requirement is unique to Davao City among all cities and provinces in the Philippines. Grab rider Rolando Atico emphasized the need for solidarity among all delivery drivers, regardless of the app they work for. He urged fellow drivers to support each other, as the financial impact may extend beyond just Grab and FoodPanda. Atico also requested Mayor Duterte to reconsider the requirement and reinstate the previous occupational permit, which only cost P125. The group is facing a 30-day deadline to obtain the business permits, and they are citing financial constraints as a reason for their request for an extension. Failure to comply could result in their removal from the delivery platforms, jeopardizing their livelihoods. Additionally, they are advocating for changes to Davao City's Revenue Code, proposing a model similar to Cebu City, where only an occupational permit is required. The drivers are also calling for an inquiry into the lack of transparency and unilateral actions of food delivery companies, particularly concerning rider capitalization and financial concerns. They believe that a thorough investigation will help ensure fairness and equity in their financial obligations and working relationship with the delivery companies. Maribel Paguican, the Business Bureau officer-in-charge, stated that non-certified delivery riders categorized as service contractors must obtain a business permit. She mentioned two permits for occupational and business activities, with a discounted structure for delivery riders. However, concerns have been raised about increased taxes, potentially ranging from P3,000 to P6,000, along with an additional tax on top of the declared income of P1,400. The delivery drivers' plea for exemption from the business permit requirement reflects their concerns about the financial impact and the potential threat to their livelihoods. Their call for solidarity and support from fellow drivers highlights the urgency of the situation. This story sheds light on the challenges faced by delivery drivers in Davao and the implications of the business permit requirement on their financial well-being. It also underscores their efforts to seek fairness and equity in their working relationship with the authorities and delivery companies......»»
Philippines welcomes G7 backing in South China Sea dispute
In a meeting communiqué, G7 foreign ministers expressed their concerns about the situation in the South China Sea and stressed there is no legal basis for China’s expansive maritime claims in the strategic waterway. .....»»
China launches Southeast Asia outreach amid tensions with Philippines
Taipei, Taiwan - China launched a fresh round of diplomatic outreach to Southeast Asia this week, as Chinese leader Xi Jinping met with Indonesian President-elect Prabowo Subianto Monday and foreign ministers from Laos, Vietnam and East Timor began to arrive in Beijing Tuesday.The diplomatic charm offensive comes amid territorial disputes between China and the Philippines in the South China Sea, and efforts by t.....»»
Xinhua Asia-Pacific news summary at 1600 GMT, March 11
SEOUL -- South Korea's export fell in double digits in the first 10 days of March due to fewer business days, customs office data showed Monday. Export came to 13.54 billion U.S. dollars in the 10 days, down 13.4 percent compared to the same period of last year, according to Korea Customs Service. (South Korea-Exports) - - - - VIENTIANE -- Participants in the 30th ASEAN Economic Ministers' Retreat.....»»
Ukraine, allies slam Pope Francis’ ‘white flag’ comment
KYIV, Ukraine — Ukrainian and allied officials Sunday criticized Pope Francis for saying that Kyiv should have the “courage” to negotiate an end to the war with Russia, a statement many interpreted as a call for Ukraine to surrender. The foreign ministers of Ukraine and Poland, a vocal ally of Kyiv, condemned the pope’s remarks......»»
NZ welcomes Australia and Brazil to agreements
New Zealand has welcomed Australia to the Inclusive Trade Action Group (ITAG) and Australia and Brazil to the Global Trade and Gender Arrangement (GTAGA) Minister for Trade Todd McClay says. As the current chair of ITAG and GTAGA, Minister McClay hosted the signing ceremony and issued the Abu Dhabi Joint Statement on Sustainable and Inclusive Trade with fellow ITAG Ministers from Australi.....»»
Philippine calls for stronger action on climate change
Trade Secretary Alfredo Pascual has called for stronger sustainable trade and development initiatives to address climate change during the second ministerial meeting of the Coalition of Trade Ministers on Climate on the sidelines of the 13th World Trade Organization ministerial conference in Abu Dhabi, United Arab Emirates......»»