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Public sector debt declines

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The government’s debt stock declined in September last year, latest data showed, as state-owned banks and corporations continued to clean up their books.

Posted: May 5th, 2014 in Headlines | Read More »

Public sector debt-to-GDP ratio down to 39.7%

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Finance Secretary Cesar Purisima. INQUIRER FILE PHOTO

The country’s public sector debt as a proportion of its gross domestic product declined further in the third quarter of 2013, supporting views that the credit worthiness of the Philippines has improved over the past few years.

Posted: March 6th, 2014 in Latest Business Stories,Nation | Read More »

Victorias Milling debt reduced

Sugar miller Victorias Milling Corp. has obtained board approval to slash its debt stock by P1.42 billion, thus gaining some leeway in debt management.

Posted: February 25th, 2014 in Headlines | Read More »

Gov’t debt rose in 2013 to P5.68T, says DOF

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Total government debt increased by 4.5 percent in 2013 to P5.68 trillion as it continued to rely on domestic and foreign borrowings to help fund its expenditures, according to the Department of Finance.

Posted: February 19th, 2014 in Headlines | Read More »

Ortigas group set to raise P6B in ’14 via debt issue

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The Ortigas family’s OCLP Holdings is considering raising about P6 billion in long-term debt this year to finance ongoing expansion programs and refinance loans, a company official said on Monday.

Posted: January 28th, 2014 in Headlines | Read More »

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