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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......»»
Batangas sugar refinery stops operations
Listed sugar and ethanol producer Roxas Holdings Inc. yesterday said it permanently ceased the operations of its wholly owned subsidiary Central Azucarera Don Pedro Inc. Sugar in Batangas to slash its losses......»»
Larry Summers warns that the war vs inflation might not be over
Larry Summers, the former US Treasury Secretary (under President Bill Clinton) and former Chief Economist of the World Bank, said that the US Federal Reserve may still need to raise rates before it can declare victory in the war against inflation......»»
Government eyes P30 billion from 30th RTB issue
The government is borrowing at least P30 billion from small creditors as the Marcos administration sets its third offering of retail Treasury bonds (RTBs) to expand state coffers and finance various projects......»»
US Senate panel urges Treasury Dept to make tech firms comply with sanctions
US Senator Mark Warner says tech companies like Alphabet and Meta have continued to provide adtech services to sanctioned entities with ties to 'foreign adversaries'.....»»
FACT CHECK | VP Sara Duterte did not return her 2022 confidential fund
Vice President Sara Duterte has not returned her confidential fund to government treasury, contrary to a video posted on YouTube. Reports that Duterte spent in just 11 days in December 2022 a confidential fund amounting to P125 million from the contingency fund of the Office of the President drew widespread criticisms and demands for an […].....»»
Third retail bond issue eyed in Q1
The government will borrow from small creditors in the first quarter as the Marcos administration sets its third offering of retail Treasury bonds in a bid to boost state coffers and finance various projects......»»
FACT CHECK | VP Sara Duterte did not return her 2022 confidential fund
Vice President Sara Duterte has not returned any confidential funds to the government treasury, contrary to a video posted on YouTube. Reports that Duterte spent in just 11 days in December 2022 a confidential fund amounting to P125 million from the contingency fund of the Office of the President drew widespread criticisms and demands for […].....»»
Phoenix lacks the retained earnings to pay PNX4 and PNX3B divs
The PSE sought an update from Dennis Uy’s Phoenix Petroleum on the non-payment of dividends to shareholders of its PNX4 preferred shares and PNX3B preferred shares......»»
PFDA commits to increased dividend payments to Treasury
Department of Agriculture’s Philippine Fisheries Development Authority announced in a statement that it would remit 75% of its dividend payouts coming from the prior 50% after Finance Secretary Ralph Recto requested the government firm to increase its remittances to the government. .....»»
Xinhua world economic news summary at 0900 GMT, April 1
MANILA -- The Philippine government's budget deficit increased to 164.7 billion pesos (2.93 billion U.S. dollars) in February, the country's Bureau of the Treasury said Monday. "The wider budget gap stemmed from the 22.14 percent year-over-year increase in expenditures, matched with moderate revenue growth of 5.73 percent," the bureau said. With the February turnout, the bureau said the year-to-date fiscal balan.....»»
Hot money returns to net inflow in February
More foreign portfolio investments flowed into the Philippines in February, snapping two straight months of net outflows, amid the government’s retail Treasury bond offering......»»
Angelu de Leon wish na magkaayos sila ni Claudine Barretto
BUKAS ang actress-politician na si Angelu de Leon sa pakikipag-ayos sa kapwa aktres na si Claudine Barretto. Hindi naman kaila sa madla na tila mayroong hindi pagkakaunawaan sa pagitan ng dalawa. Matatandaang noong 20th anniversary celebration nina Christopher Roxas at Gladys Reyes ay umusbong na tila may alitan between Angelu at Claudine. Nang imbitahan kasi.....»»
SLAP AGAINST CHACHA
With her hand painted red, a protester symbolically slaps the face of President Bongbong Marcos Jr on a tarpaulin during a rally commemorating the 114th International Women’s Day at Freedom Park, Roxas Avenue, where various groups protest the Marcos’ push for charter change. (Kath Cortez/davaotoday.com).....»»
Davao’s resilient rising artist
Meet Shahanie S. Panonce, a 19-year-old artist known as "Hanie," who captured viral attention by showcasing her artworks on the streets of Roxas Avenue in Davao City......»»
‘Suspend all mining ops’: Groups demanding accountability for Masara landslide
SEVERAL progressive groups gathered at Roxas Avenue in Davao City on February 20, 2024, aiming to hold a prominent mining company accountable for a significant landslide incident in Masara, Municipality of Maco, Davao de Oro......»»
Beating cancer scourge
“The battle against cancer needs a whole-of-society approach,” Dr. Roxas urged......»»
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......»»
Mga hugot ni Angelu tungkol sa pagpapatawad patama kay Claudine?
PARA nga kaya kay Claudine Barretto ang mga quote cards na ipinost ni Angelu de Leon sa kanyang social media account? Feeling kasi ng mga netizens, ito ang resbak ni Angelu sa umano’y pagmamalditang ginawa sa kanya ni Claudine nang dumalo siya sa 20th wedding anniversary celebration nina Gladys Reyes at Christopher Roxas. Naganap ito.....»»