VIGAN CITY, Ilocos Sur – A woman collecting debt was gunned down in Barangay III here on New Year’s Eve. Police Lt. Col. Reynante Pitpitan, Vigan police chief, identified the victim as Rhona Osalvo, 36, of Shelterville, Barangay San Julian, this city. Investigation said Osalvo was collecting...
The Department of Finance (DOF) is looking into a proposal setting a debt ceiling that would determine whether the national government should increase or decrease its borrowing. Finance Secretary Benjamin E. Diokno said the DOF will consider the International Monetary Fund's (IMF) proposal to adopt...
Government debt swelled in October even as the peso's depreciation against the US dollar provided some relief, data from the Bureau of the Treasury showed. The government's outstanding debt as of end-November stood at P14.48 trillion, an increase of P212.13 billion compared to the September figure...
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...
The national government's debt service bill accelerated in the first nine-months of the year, primarily driven by higher amortization payments, data from the Bureau of the Treasury showed. Between January and September, the Marcos administration's debt payments surged by 57 percent to reach P1.4...
BACOLOD CITY – A barber was shot dead by an 18-year-old construction worker over an unpaid debt in Barangay 27 here on Wednesday night, November 8. POLICE respond to a shooting incident in which a barber was killed over unpaid debt in Barangay 27, Bacolod City on Wednesday, November 8. (Photo...
The Bureau of the Treasury said the Marcos administration has recorded a slight decrease in its foreign and local borrowings in the first nine months of the year. From January to September 2023, gross financing totaled P1.782 trillion, a two percent drop compared to the same period last year when...
The national government's debt stock had decreased in September compared to the previous month due to repayments made to both local and foreign creditors, the Bureau of the Treasury reported on Tuesday, Oct. 31. The government's outstanding debt as of September stood at P14.269 trillion, a decline...
As it continues to traverse rough financial terrain on its operations, Uy-led Phoenix Petroleum Philippines Inc. indicated that it will be pursuing a sale-and-lease back arrangement for its assets with Sy-controlled BDO, which has been its long term go-to bank for credit line. According to Phoenix...
Government borrowing declined in August with fewer loans borrowed from local lenders, data from the Bureau of the Treasury showed. According to the Bureau of the Treasury, government borrowing in August amounted to P124.06 billion, lower by 7 percent than the P133.34 billion recorded in the same...
The Marcos administration's July borrowings dropped by almost a quarter, mainly due to a reduction in loans acquired from local creditors. According to the Bureau of the Treasury, government borrowing in July amounted to P131.94 billion, a 24 percent decrease from the P174.95 billion recorded in...
