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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......»»
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.....»»
Monchet’s PBA memories
For four PBA conferences from 1996 to 1997, Ramon (Monchet) Carballo was Ginebra San Miguel/Gordon’s Gin team manager and with Robert Jaworski as playing coach, he saw history unfold before his eyes.....»»
‘Avatar: The Last Airbender’ star revisits his Filipino roots
From his very first Filipino morning show guesting on TV5’s “Gud Morning Kapatid” to a farewell dinner, it was the perfect homecoming for Gordon Cormier, who last visited his hometown in Laguna seven years ago......»»
Two children rescued alive 2 days after deadly landslide in Philippines
MANILA, Feb. 9 (Xinhua) -- A three-year-old girl and a 2-month-old boy were pulled alive from the mud more than two days after a massive landslide crashed into several villages in Davao de Oro province in southern Philippines, the Philippine Red Cross said Friday. In a statement, the humanitarian agency's chairman Dick Gordon said the two survivors were immediately taken to a local hospital in a nearby town......»»
Two children rescued alive 2 days after deadly landslide in Philippines
MANILA, Feb. 9 (Xinhua) -- A three-year-old girl and a 2-month-old boy were pulled alive from the mud more than two days after a massive landslide crashed into several villages in Davao de Oro province in southern Philippines, the Philippine Red Cross said Friday. In a statement, the humanitarian agency's chairman Dick Gordon said the two survivors were immediately taken to a local hospital in a nearby town......»»
Philippines FDI net inflows grow by 89.9 pct in January
MANILA, April 10 (Xinhua) -- Foreign direct investment (FDI) that flowed into the Philippines grew year-on-year by 89.9 percent in January to 907 million U.S. dollars, the country's central bank said Wednesday. "The increase in FDI was supported mainly by the 173.2 percent expansion in nonresidents' net investments in debt instruments to 820 million dollars from 300 million dollars in January 2023," the Bangko S.....»»
Payments for COVID-19-related claims reach P16.7 billion – PhilHealth
Total reimbursements for COVID-19-related claims last year reached over P16 billion, according to the state health insurer......»»
PhilHealth claims for COVID-19 pneumonia hit P14.6 billion
COVID pneumonia topped the medical cases that the Philippine Health Insurance Corp. reimbursed last year, with claims amounting to more than P14 billion......»»
Government decision on PhilHealth premium hike out soon
The government will come out with a decision on whether or not to push through with the Philippine Health Insurance Corp. premium contribution rate increase “very soon,” President Marcos said yesterday......»»
Bank of Commerce raises P6.57 billion from bond offering
San Miguel-led Bank of Commerce has raised P6.57 billion in its second foray into the domestic debt market, as institutional and retail investors swarmed its peso bond offering......»»
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......»»
Argentina permitted to tap IMF bailout
The Latin American country is heading towards 200% inflation amid the worst economic crisis in decades The International monetary Fund (IMF) has agreed to unlock $4.7 billion for Argentina as part of a debt restructuring plan even though the country missed targets related to its $43 billion loan program, the fund anno.....»»
RCBC raises $400 million from oversubscribed sustainability notes
Rizal Commercial Banking Corp. (RCBC) has raised $400 million from its return to the offshore debt market as investors swarmed its sustainability note issuance......»»
Philippines forex reserves dip to $103 billion in January
The country’s forex buffer slid slightly to $103.4 billion in January as the government paid its foreign debts and the central bank’s gold holdings took a hit from lower prices in the global market......»»
Debt payments decline to P294 billion in February
The Marcos administration reduced its debt service to P294 billion in February amid the decline in the payment for the loan principal borrowed by the government......»»
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......»»