ZAMBOANGA CITY – A man was stabbed to death in Barangay Tumaga here last Sunday over a P50 debt he was unable to pay. The victim, Randy Adanza Nuhasan, 40, was at home when the suspect, Arnel Momo Baguio, 42, arrived and demanded that he pay his obligation. The conversation escalated into a...
The Philippines’ external debt service burden declined by 34.8 percent to $1.59 billion as of end-February 2025 from $2.44 billion in the same period in 2024, data from the central bank showed. The latest data from the Bangko Sentral ng Pilipinas (BSP) showed that the decline in the country’s...
The Marcos administration has successfully borrowed ₱25 billion from domestic lenders through short-dated debt papers, with creditor appetite remaining relatively high despite the drop in interest rates following the peaceful results of the midterm elections. At Tuesday’s auction on May 13, the...
The Marcos administration’s total debt payments declined by 65.3 percent in the first quarter of 2025, as it settled significantly smaller amounts of principal payments to domestic lenders, offsetting the relatively negligible increase in interest payments. Data from the Bureau of the Treasury...
While the share of the Philippine government's budget deficit and debt to the economy are going down and "stabilizing," respectively, the ASEAN+3 Macroeconomic Research Office (AMRO) is urging fiscal authorities across the region to remain prudent in spending on public goods and services as a...
Former DA secretary Manny Piñol (left), former president Rodrigo Duterte (Facebook) A House "Young Guns" bloc member reminded Manny Piñol of his supposed shortcomings--and by extension, that of the previous Duterte...
The Marcos administration’s debt payments declined by over 80 percent in February as it suspended its multi-billion-peso principal payments to domestic creditors, offsetting the relatively negligible increase in interest payments. Data from the Bureau of the Treasury (BTr) showed that the...
The national government's debt soared to a new record high of ₱16.63 trillion at the end of the first two months of 2025, putting pressure on its capability to repay obligations. The latest Bureau of the Treasury (BTr) data released on Tuesday, April 1, showed that outstanding obligations as...
FOR MONDAY The Marcos administration's debt payments dropped in the first months of the year, primarily attributed to a substantial decline in principal payments, which offset the rise in interest expenses. Data from the Bureau of the Treasury (BTr) revealed that the Philippine government's total...
Double-digit increases in both principal and interest payments drove the Philippines’ external debt service burden up by $2.31 billion in 2024, reaching $17.16 billion. According to the Bangko Sentral ng Pilipinas (BSP), it reflects a nearly 16 percent increase from $14.85 billion in the...
The Philippines' foreign debt climbed by almost a tenth year-on-year to $137.63 billion as of end-2024, as both the government and private firms borrowed more from foreign sources for their productive activities, the Bangko Sentral ng Pilipinas (BSP) reported. In a statement on Friday, March...
Amid record-high borrowings, the Marcos administration increased debt payments by over ₱400 billion in 2024, bringing total settlements to a record high, too, driven largely by higher amortization. Data from the Bureau of the Treasury (BTr) showed that the government’s debt payments climbed by...
