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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:.....»»

Category: newsSource:  inquirerRelated NewsMar 2nd, 2024

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......»»

Category: financeSource:  philstarRelated NewsFeb 3rd, 2024

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......»»

Category: financeSource:  philstarRelated NewsMar 20th, 2024

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......»»

Category: financeSource:  philstarRelated NewsFeb 9th, 2024

Philippines debt declines to P14.9 trillion in March

The country’s outstanding debt declined by nearly two percent to P14.93 trillion as of end-March from a record P15.18 trillion a month ago as the government settled its obligations to both local and foreign lenders, according to the Bureau of the Treasury......»»

Category: financeSource:  philstarRelated News20 hr. 5 min. ago

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......»»

Category: financeSource:  philstarRelated NewsMar 18th, 2024

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......»»

Category: financeSource:  philstarRelated NewsMar 1st, 2024

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......»»

Category: newsSource:  philstarRelated NewsMar 1st, 2024

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......»»

Category: financeSource:  philstarRelated NewsFeb 27th, 2024

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......»»

Category: financeSource:  philstarRelated NewsFeb 25th, 2024

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......»»

Category: financeSource:  philstarRelated NewsFeb 20th, 2024

ICTSI Caliraya tees off

After a strong start in the Philippine Golf Tour, Guido van der Valk is ready to slug it out with the country’s top pros and rising stars and a host of foreign players in the ICTSI Caliraya Springs Championship slated April 9-12 in Cavinti, Laguna......»»

Category: sportsSource:  philstarRelated NewsApr 6th, 2024

Van der Valk seeks top spot in ICTSI Caliraya golf tilt

Guido van der Valk is gearing up to leverage his strong start in the first two legs of the Philippine Golf Tour in Davao as he prepares to slug it out with the country’s top pros and rising stars and a host of foreign players in the ICTSI Caliraya Springs Championship slated April 9-12 in Cavinti, Laguna......»»

Category: sportsSource:  philstarRelated NewsApr 5th, 2024

In Asia Pacific, rise in public debt is hurting women’s access to social services

Regular check ups, particularly those related to reproductive health, are not covered by the free services provided by village health centers, as per the Philippine law on universal health care. Fabella wishes that the government can allocate more funds for the basic services but this has not improved over the years. The post In Asia Pacific, rise in public debt is hurting women’s access to social services appeared first on Bulatlat......»»

Category: newsSource:  bulatlatRelated NewsMay 2nd, 2024

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......»»

Category: financeSource:  philstarRelated NewsMar 11th, 2024

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......»»

Category: financeSource:  philstarRelated NewsMar 1st, 2024

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.....»»

Category: newsSource:  sunstarRelated NewsFeb 22nd, 2024

PH debt rose to P14.62 trillion in 2023

PH debt rose to P14.62 trillion in 2023.....»»

Category: sportsSource:  abscbnRelated NewsFeb 2nd, 2024

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......»»

Category: financeSource:  philstarRelated NewsJan 31st, 2024

Elite bets slug it out in Ironman 70.3 Lapu-Lapu

The upcoming IRONMAN 70.3 Lapu-Lapu will not only commemorate its 10th anniversary with a dazzling return to Cebu on April 21 but also showcase a formidable assembly of global triathlon talents......»»

Category: sportsSource:  philstarRelated NewsApr 11th, 2024