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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......»»
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.....»»
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......»»
Government debt payments rise to record P1.6 trillion
The country’s debt service registered a record P1.6 trillion last year, exceeding the program, as the government aggressively moved to cut mounting obligations......»»
Metrobank raises $1 billion on international debt market
Metrobank [MBT 62.00 ?1.5%] [link] revealed that it was able to sell twice the amount in medium-term notes on the international debt capital markets than it intended......»»
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......»»
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.....»»
PH media slam Chinese foreign ministry’s claims of manipulating WPS reports
Philippine media groups criticized the Chinese foreign ministry for suggesting that recent reports on Chinese harassment of Filipino vessels in the West Philippine Sea involved video manipulation and sensationalism to portray the Philippines as a victim. The Foreign Correspondents Association of the Philippines (Focap) and National Union of Journalists of the Philippines (NUJP) expressed offense.....»»
List or sell? PLDT weighs options on data centers
Telco-to-tech provider PLDT Inc. is open to the possibility of listing a real estate investment trust in the Philippine Stock Exchange, eyeing to raise fresh capital from its data center business for debt payments......»»
Government borrows P30 billion from T-bonds
The government secured P30 billion from the local debt market via the fresh issuance of long-term securities, with the coupon rate set slightly higher than secondary markets......»»
Government raises P30 billion from T-bond sale
The government secured P30 billion from the local debt market through the fresh issuance of long-term securities with the coupon rate set above secondary markets......»»
Philippines, Japan, US foreign officials prepare for tri-summit
As the Philippines prepares for a trilateral summit with Japan and the US on April 11, Foreign Affairs Undersecretary Ma. Theresa Lazaro met on Thursday in Tokyo with Japanese Vice Foreign Minister Okano Masataka and US Deputy Secretary of State Kurt Campbell to discuss regional security issues and economic cooperation......»»
Philippines diploma mill rep may attract low-tier foreign universities, expert warns
The Philippines' reputation for having so-called “diploma mills” makes it vulnerable to the entry of substandard foreign universities if proposals to open up higher education to foreign ownership push through, an education expert warned during a Senate hearing on Charter change......»»
Philippines posts 1.2 bln USD surplus in March
MANILA, April 19 (Xinhua) -- The Philippines' overall balance of payments (BOP) posted a surplus of 1.2 billion U.S. dollars in March 2024, slightly lower than the 1.3-billion-dollar BOP surplus recorded a year ago, the country's central bank said Friday. The Bangko Sentral ng Pilipinas (BSP) said the BOP surplus in March reflected inflows arising mainly from the national government's net foreign currency deposi.....»»
Peso underperformance likely to continue – MUFG
The Philippine peso may continue to underperform against the dollar this quarter amid the country’s wide current account deficit and expensive foreign exchange valuations, Tokyo-based MUFG Bank said......»»