The target ratio for the country’s debt as a share of the gross domestic product (GDP) for the medium term is attainable, Department of Finance Secretary Benjamin E. Diokno said. In a panel discussion with the Philippines’ economic managers, Diokno said that the government’s target ratio will...
Department of Finance (DOF) Secretary Benjamin E. Diokno said that the government is firm on reducing the country’s budget deficit-to-gross domestic product (GDP) to three percent by 2028. This after credit rating agency Fitch Ratings noted the country’s general government deficit to narrow to...
Economists and financial experts have emphasized the importance of the debt-to-GDP ratio as a crucial economic indicator, surpassing the significance of the nominal amount of debt held by the government. Traditionally, the focus has been on the nominal amount of debt, which simply measures...
Singapore’s largest lifestyle event unveils top attractions that ignite creativity and connectivity Following the announcement of its return in February after a three year-hiatus, Singapore’s largest lifestyle event Artbox recently unveiled its lineup of multifaceted activities that ignite...
Kuala Lumpur, Malaysia — AirAsia Philippines is increasing its current fleet from 14 to 24 aircraft, expecting to double its passenger load as it re-starts more international routes in 2023. The budget airline will receive 10 additional aircraft this year to boost both passenger and cargo...
The country's debt ratio climbed to a 17-year high in the third-quarter this year as new government loans continued to pile up, data from the Bureau of the Treasury revealed. As of September 2022, the outstanding obligations of the national government as a share of gross domestic product (GDP) hit...
The World Bank said the Philippine government’s debt load remains manageable despite recent acceleration amid the prolonged pandemic. Even it has ballooned, Kevin Chua, World Bank senior economist noted that the government’s debts are mostly held by Filipino creditors, long-dated IOUs and...
The national government incurred more loans in January, bringing its debt above the P12-trillion mark for the first time, as the Philippines bogged down by prolonged Covid-19 pandemic. The Bureau of Treasury reported on Friday, March 4, that the government’s outstanding debt stood at P12.03...
State-run Home Development Mutual Fund, commonly known as Pag-IBIG Fund, is banking on the country’s economic recovery in bringing down its soured loans to single-digit within one year. Acmad Rizaldy P. Moti, Pag-IBIG Fund chief executive officer, said the company’s non-performing loan (NPL)...
Big banks in the country remained well-capitalized despite the prolonged pandemic-induced crisis, the Bangko Sentral ng Pilipinas (BSP) said. BSP Governor Benjamin E. Diokno said that big banks’ capital adequacy ratio (CAR), a measure of lenders’ solvency, improved to 17.6 percent in the first...
Just be careful, and wear your face shields. (Photos from Malacañang, Unsplash) President Duterte gave these reminders to Filipinos as he appeared to acknowledge more and more the rapidly increasing coronavirus disease (COVID-19) figures in the country. "Let me just also give my own take. Simply...
The Golden Ellipse, marrying ancient and modern With its divine proportions, the case of the Golden Ellipse, launched in 1968, has, no doubt, inspired one of the most beautiful chapters of horological history. All thanks to its unique blend of bold simplicity and formal purity, this watch has...
