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After buying out US brand, Del Monte to cut debt

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SCREENGRAB from www.delmontepacific.com

Philippine food conglomerate Del Monte Pacific Ltd. (DMPL) plans to pare down debt related to its big US acquisition by $520 million through a series of public common stock, perpetual preferred shares and stock rights offering.

Posted: September 13th, 2014 in Headlines,Latest Business Stories | Read More »

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%

By
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 »

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