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Gov’t borrowings down 20% in first 9 months

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Borrowings by the national government dropped in the first three quarters from the year-ago level, aided largely by the decline in maturing debts that it had to pay.

Posted: November 3rd, 2013 in Headlines | Read More »

Dollar down as debt default looms

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The dollar weakened in Asian trade Monday as lawmakers in Washington struggle to agree a budget deal that will avoid a damaging debt default.

Posted: October 14th, 2013 in Latest Business Stories | Read More »

BTr may shorten retail bond offer period

The Bureau of the Treasury may cut short the ongoing offer period for retail treasury bonds (RTBs), which is supposed to end on August13, to avoid over borrowing given the strong demand for the debt paper.

Posted: August 3rd, 2013 in Editor's Pick,Headlines | Read More »

IN THE KNOW: top 3 major credit rating agencies

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The top three major credit rating agencies—Moody’s Investors Service, Standard & Poor’s and Fitch Ratings—assess the ability of a country to manage its debts.

Posted: March 28th, 2013 in Latest Business Stories | Read More »

Gov’t borrowings rise, payments decline

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FILE PHOTO

The government’s financing position in the 11 months to November showed a net borrowing of P477 billion, or about five times the P99.7 billion registered in the same period last year, according to the Bureau of Treasury (BTr).   From January to November, the government borrowed more at a faster rate, while its payments declined, [...]

Posted: December 30th, 2012 in Editor's Pick,Headlines | Read More »

Credit card debts surge 13% to P137B in 1st semester

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Mastercard

Outstanding credit card debts of consumers in the country grew by a double-digit pace in the first semester as the robust appetite of Filipinos to spend triggered more credit-aided purchases.

Posted: October 29th, 2012 in Latest Business Stories | Read More »

PSALM pays electric co-ops’ debts worth P12.85B

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State-run Power Sector Assets and Liabilities Management Corp., or PSALM, has paid some P12.85 billion in obligations of several rural electric cooperatives to the National Electrification Administration (NEA), local governments and other government agencies. The amount represents more than 71 percent of the P18.07 billion in rural cooperatives’ debts assumed by PSALM, according to the [...]

Posted: June 11th, 2012 in Headlines | Read More »

Gov’t debt payment down 19%

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The Philippine government spent P195.1 billion in the two months to February to pay its debts, down 19 percent from the P242.3 billion settled in the same period last year, according to the Bureau of the Treasury.

Posted: April 12th, 2012 in Headlines | Read More »

New framework said to pose no risk to banks

The Bangko Sentral ng Pilipinas believes that the country’s banking sector will be able to manage its exposure to bad debts even with the implementation of a new reserve requirement framework.

Posted: February 15th, 2012 in Headlines | Read More »

3-step approach to solving debt problems

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Question: I am drowning in debt. My income is simply not enough to pay the monthly amortizations, even the minimum required payments. Many times, I get a headache just thinking about the next payment due date. What can I do?—Plant Worker

Posted: February 9th, 2012 in Headlines,Personal Finance | Read More »

Euro eases losses as debt worries recede

The euro erased some of its recent losses against the dollar on Tuesday, as solid European manufacturing data helped put concerns about debt on the back burner, at least for a time.

Posted: January 4th, 2012 in Latest Business Stories | Read More »

Government to refinance NFA debts

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DEBT REFINANCING  NFA debts that are scheduled to mature this year, estimated at P150 billion, might be refinanced to convert them to longer-termed obligations, according to the Department of Finance.

The Department of Finance is looking at ways of refinancing the bulk of the National Food Authority’s outstanding debt, estimated at P150 billion, amid efforts to overhaul the agency’s functions. Finance Undersecretary Rosalia V. de Leon told reporters that most of these obligations were short-term and would fall due this year. Ms. De Leon said [...]

Posted: August 31st, 2011 in Editor's Pick,Featured Gallery,Headlines | Read More »

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