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Foreign debt reaches all-time high in 2023
The country’s foreign debt reached another record high in 2023, as both the national government and the private sector borrowed more from offshore creditors, the central bank said......»»
'Will not leave any stone unturned to repay this debt of affection': PM Modi in J-K
Srinagar (Jammu and Kashmir) [India], March 7 (ANI): Prime Minister Narendra Modi on Thursday extended gratitude to the people of Jammu and Kashmir for the affection he has received and said that he will not leave any stone unturned to repay this debt of affection. "Modi will not leave any stone unturned to repay this debt of affection. I am doing all this hard work to win your hearts and I believe that I am on the right.....»»
'Will not leave any stone unturned to repay this debt of affection': PM Modi in J-K
Srinagar (Jammu and Kashmir) [India], March 7 (ANI): Prime Minister Narendra Modi on Thursday extended gratitude to the people of Jammu and Kashmir for the affection he has received and said that he will not leave any stone unturned to repay this debt of affection. "Modi will not leave any stone unturned to repay this debt of affection. I am doing all this hard work to win your hearts and I believe that I am on the right.....»»
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......»»
New AES provider continues to face scrutiny despite award
The newly awarded provider for the 2025 national and local elections continues to face scrutiny despite securing the notice of award from the Commission on Elections. Digital Pinoys national campaigner Ronald Gustilo said that the group will continue to scrutinize the winning entities even though Miru Systems Co. Ltd. was already declared as the winning […].....»»
EDITORIAL — Pass-through fees
If the administration wants to tackle inflation and improve ease of doing business, it should scrutinize one of the contributors to high prices particularly of agricultural commodities, and a long-standing complaint of businessmen: pass-through fees collected from delivery trucks......»»
Duterte, PDP-Laban senators to visit Cebu City on April 19
CEBU CITY, Philippines — As the 2025 midterm elections draw near, candidates are now gearing up for strategic moves, especially considering that the filing of Certificates of Candidacy is in October this year. Former President Rodrigo Roa Duterte, alongside senators from Partido Demokratiko Pilipino–Lakas ng Bayan (PDP Laban), is set to visit Cebu City this.....»»
US senators seek $500 million aid for AFP
Two American senators have filed a measure seeking to boost the alliance of the Philippines and the US through a significant increase in military financing as concerns grow over China’s aggressive acts in the South China Sea......»»
PNP, senators clash on rifle ownership
The Philippine National Police and some senators yesterday aired opposing views on civilians owning semi-automatic rifles......»»
Senators defend P100 wage hike
Senators yesterday defended their legislated salary increase recently passed on second reading, following a comment from an Employers Confederation of the Philippines (ECOP) official who called the P100 wage hike a “catastrophe.”.....»»
Senators question P26.7 billion ‘ayuda’ fund
About P26.7 billion worth of financial assistance under the Department of Social Welfare and Development was questioned by senators yesterday during the continuation of a public hearing on the people’s initiative or PI......»»
Senators praise Comelec for suspending people’s initiative proceedings
MANILA, Philippines — Senators rejoiced at the decision of the Commission on Elections (Comelec) to suspend all proceedings related to a people’s initiative aimed at amending the 1987 Constitution, saying that it is nothing but a victory for the Filipino people. Senate Majority Leader Joel Villanueva, in a statement, said the Philippine government has finally.....»»
Speaker hits senators’ ‘very toxic rhetoric’ vs House
Speaker Martin Romualdez yesterday hit back at senators, asking them to “just focus on their jobs instead of attacking the lower chamber.”.....»»
No LEDAC; Marcos Jr. meets separately with senators, congressmen
Amid feuding over the people’s initiative to amend the Constitution, President Marcos met separately yesterday with congressmen and senators instead of convening the Legislative-Executive Development Advisory Council......»»
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......»»
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......»»