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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......»»
LGU loans more than tripled in H2
The proposed domestic borrowings of local government units (LGUs) more than tripled to P48.9 billion in the second half of 2023 from P15.8 billion in the same period in 2022, the Bangko Sentral ng Pilipinas (BSP) reported......»»
Morissette kaisa nina KZ, JK at Kyle sa pagpu-push ng Bisayan songs
IPU-PUSH pa nang bonggang-bongga ng Kapamilya singer na si Morissette Amon ang Bisayan songs bilang pagtulong sa pagpapalawak pa ng OPM. Nais ng tinaguriang Asia’s Phoenix na i-uplift pa ang mga Bisayan songs sa local music industry tulad ng ginagawa ngayon nina JK Labajo, Kyle Echarri at KZ Tandingan. “I am working on a lot.....»»
Why Saving More than 20% Can Boost Your Finances
The 50/30/20 budgeting rule is a popular financial guideline that suggests allocating 50 percent of your income to needs, 30. percent to wants, and 20 percent to savings and debt repayment. While saving 20 percent is a significant step towards financial security, there are compelling reasons to push beyond this benchmark if your budget allows. […].....»»
DDMPR declares falling Q1 div at 116% payout ratio
DDMP declared a Q1/24 dividend of P0.023476, payable on July 15 to shareholders of record as of June 19......»»
Deficit-to-GDP ratio softens to 4.5 percent in Q1
The budget deficit’s share to the overall economy softened in the first quarter and is still closing into its pre-pandemic level as the government moves to consolidate its finances......»»
Cuts in bank reserves unlikely soon – BSP
The Bangko Sentral ng Pilipinas is unlikely to cut banks’ reserve requirement ratio in the third quarter, amid expectations of policy rate cuts in the second half of the year......»»
Banks’ bad loans rise in February
The soured loans of Philippine banks picked up for the 14th straight month in February, bringing the gross non-performing loan ratio to a steady 3.44 percent, amid high interest rates......»»
Banks’ bad loans ratio highest in 8 months
The share of bad loans to the banking sector’s total loan book went up to an eight-month high in January, snapping two straight months of decline, as borrowers felt the pinch of elevated interest rates......»»
Historically low valuation
The Philippine stock market bloodbath over the past two years saw the PSEi plummet from 7,122.6 on the last trading day of 2021 to 6,566.4 on the last trading day of 2022 for a 7.8 percent annual retreat and slide even further in 2023 to close at 6,450.0 on the last trading day of the year. In terms of valuation, the PSEi’s 2023 year-end 12.9x price-to-earnings (P/E) ratio does not fare well when compared against its past performance in prior years......»»
Banks’ NPL ratio eases to 3.41 percent in November
The share of soured loans to the banking sector’s total loan book slipped to 3.41 percent in November 2023 after rising to a five-month high of 3.44 percent a month earlier, according to the Bangko Sentral ng Pilipinas......»»
Government hikes borrowings to P2.57 trillion for this year
The Philippines raised its 2024 borrowing program by four percent to P2.57 trillion, which could make fiscal consolidation more challenging for the government......»»
RTB issue hikes borrowings to P420 billion in February
The government borrowed 22 percent more in February primarily due to the issuance of Retail Treasury Bonds aimed at financing state projects......»»
Government sets P585 billion borrowings in Q2
The government is set to borrow P585 billion from the domestic market in the second quarter amid hopes of more favorable interest rates here and abroad......»»
Kailan ba manganganak si Maja? ‘Pag sinabi ng doktor push na, push na!’
MARAMI ang na-curious kung kailan ba talaga manganganak ang actress-dancer na si Maja Salvador sa panganay nila ng asawang si Rambo Nuñez. In fairness, atat na atat na rin si Maja na masilayan at makarga ang kanyang magiging first baby at looking forward na rin daw siyang umiri nang bonggang-bongga at manganak. December last year.....»»
More mines seen to open amid push for e-vehicles
The Philippines will likely see more mines opening up within as early as three years as the government expedites its push for electronic vehicles......»»
Negrenses enjoined to support push for energy security by 2030
Negrenses enjoined to support push for energy security by 2030.....»»
NBA: Nuggets make it 3-0, push Lakers to brink of elimination
The Denver Nuggets rallied to push LeBron James and the Los Angeles Lakers to the brink of elimination from the NBA playoffs on Thursday. The defending champion Nuggets erased a 10-point first-quarter deficit to beat the Lakers 112-105 in Los Angeles. READ MORE: NBA: Sixers get boost from Embiid’s 50 points to beat Knicks NBA:.....»»
Research for next-gen rice varieties to push through
AN OFFICIAL from the Department of Agriculture-Davao Region (DA-Davao) said that research for next-generation rice varieties or new rice varieties that are being bred by the Institution of Breeders will push through......»»
‘Government broadband program key to digital push’
An international think tank has lauded the administration’s Broadband ng Masa Program, saying it is a critical component of efforts toward digital transformation and inclusivity, but warned there needs to be a greater push for improvement......»»