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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......»»
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......»»
Attorney General says she’ll seize Donald Trump’s property if he can’t pay $454 million civil fraud debt
Attorney General says she’ll seize Donald Trump’s property if he can’t pay $454 million civil fraud debt.....»»
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.....»»
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......»»
Xinhua Asia-Pacific news summary at 1600 GMT, April 15
KUALA LUMPUR -- The Malaysian government has agreed to establish Energy Exchange Malaysia (ENEGEM) for cross-border green electricity sales to neighboring countries. The Ministry of Energy Transition and Water Transformation (Petra) said in a statement on Monday that the move is in line with Malaysia's energy transition aspiration and commitment to support regional power integration via the ASEAN Power Grid Init.....»»
Progressive groups welcome SC’s ruling on red-tagging
By ANNE MARXZE D. UMIL Bulatlat.com MANILA — Progressive groups welcomed the Supreme Court’s ruling on the petition filed by former Bayan Muna representative Siegfred D. Deduro, declaring that red-tagging, labeling, and guilt by association threaten a person’s right to life, liberty or security. In a decision dated July 4, 2023 penned by Associate Justice… The post Progressive groups welcome SC’s ruling on red-tagging appeared first on Bulatlat......»»
Kuryente sumipa presyo sa red, yellow alert
Nagpatawag ng public hearing ang Senate committee on energy na pinamumunuan ni Senador Raffy Tulfo ukol sa nararanasan na mga red at yellow alert sanhi ng kakulangan ng suplay ng kuryente sa bansa. The post Kuryente sumipa presyo sa red, yellow alert first appeared on Abante......»»
6 coastal areas in Visayas, Mindanao test positive for red tide
MANILA, Philippines — Six coastal areas in the country have tested positive for red tide, the Bureau of Fisheries and Aquatic Resources (BFAR) said. BFAR said in its advisory on Friday, April 12, that the affected areas in Visayas and Mindanao listed below had paralytic shellfish poison or toxic red tide above the regulatory limit:.....»»
Red Boosters claim third place in EASL Final Four
CEBU CITY, Philippines — The Jung Kwan Jang Red Boosters of Korea claimed the third place honors of the East Asia Super League (EASL) Final Four after a thrilling Battle-for-Third, 78-76, against the New Taipei Kings of Taiwan on Sunday, March 10, at the Hoops Dome in Lapu-Lapu City. The Red Boosters banked on the.....»»
Remulla confirms Teves on Interpol red notice, target of global manhunt
MANILA, Philippines – Former Negros Oriental Rep. Arnolfo “Arnie” Teves Jr. is currently the target of an international manhunt following his inclusion in the red notice system of the International Criminal Police Organization (INTERPOL), Justice Secretary Jesus Crispin Remulla confirmed on Wednesday. Remulla said that Teves is already included in Interpol’s Red Notice System. An.....»»
Sweeten Every Celebration: Elevate Special Moments with Red Ribbon’s Round Dedication Cake
2024 has just arrived, which means it’s time for another year of creating new memories. Whether for big or small occasions, make them memorable with Red Ribbon’s ALL-NEW Round Dedication Cakes as delicious and special-looking centerpieces that everyone can enjoy. The new Red Ribbon Round Dedication Cakes feature classier, more elegant round designs suitable for […].....»»