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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......»»
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:.....»»
Debt balloons to P14.8 trillion
The issuance of domestic securities and the weakening of the peso pushed the country’s outstanding debt to a fresh high of P14.79 trillion in January, latest data from the Bureau of the Treasury showed......»»
End-January Philippine debt balloons to P14.79 trillion — Treasury
The Philippines' outstanding debt climbed to a record of P14.79 trillion as of the end of January 2024 due to the net issuance of domestic securities and the effect of peso depreciation, the Bureau of Treasury (BTr) said on Friday......»»
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......»»
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......»»
SC: Lorraine Badoy guilty of indirect contempt for red tagging judge
MANILA, Philippines — Loraine Badoy-Partosa, former spokesperson of the government’s anti-insurgency task force, has been found guilty by the Supreme Court (SC) of indirect contempt for red-tagging a Manila Regional Trial Court (RTC) judge. Badoy was ordered to pay a fine of P30,000 and warned against repeating the same or similar acts in the future,.....»»
Palestinians fleeing Gaza for Egypt pay thousands to broker
Cross-Border Fleeing from Gaza Becoming More Difficult With rising death toll and the threat of a ground operation by Israel, escaping from Gaza has become.....»»
New wage rates for workers in BARMM set
A regional cross-section wage board and the Bangsamoro labor ministry are now finalizing a new pay scheme for workers in the autonomous region for enforcement by February......»»
Overtime pay, no admin tasks: Sara Duterte promises more benefits for teachers
(1st UPDATE) For two consecutive years, Vice President Sara Duterte puts a spotlight on teachers' welfare during her education report.....»»
Supreme Court disbars previously suspended lawyer
The Supreme Court has disbarred a previously suspended lawyer and slapped her with a P35,000 fine for issuing bouncing checks and failing to pay her debt. In a decision promulgated on Tuesday, the high court en banc found lawyer Elerizza Libiran-Meteoro guilty of gross misconduct and disbarred her from practicing law. According to the high tribunal, Meteoro’s issuance of.....»»
BOP swings to deficit in April 2024
The central bank attributed the outflows to the national government’s net foreign currency withdrawals from its deposits with the BSP to “settle its foreign currency debt obligations and pay for its various expenditures.”.....»»
Pia invited sa Cannes red carpet ng ‘Apprentice’
Muli na namang nagpa-wow sa netizens si Pia Wurtzbach nang rumampa ito sa red carpet ng Cannes Film Festival nitong Lunes. The post Pia invited sa Cannes red carpet ng ‘Apprentice’ first appeared on Abante......»»