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Philippine debt rises to P13.75 trillion in February

ABS-CBN News
Posted at Mar 30 10:55 AM

The Philippines' debt reached P13.75 trillion as of the end of February, higher by 0.4 percent compared to the previous month, the Bureau of Treasury said on Thursday. Read more »

BSP seen to hike rate 'one more time' as inflation remains elevated: economist

ABS-CBN News
Posted at Mar 28 12:06 PM

The BSP is seen to raise the country's benchmark interest rate by at least one more time as inflation remains elevated, an economist said. Read more »

PH books P378 billion budget deficit in December

ABS-CBN News
Posted at Mar 01 01:00 PM

The Bureau of Treasury however also noted the 2022 total was lower than the shortfall booked in 2021, and was within the programmed deficit of P1.65 trillion. Read more »

Bank lending expands at slower pace at 10.4 percent in January: BSP

ABS-CBN News
Posted at Mar 01 08:46 AM

Outstanding loans of universal and commercial banks, net of reverse repurchase (RRP) placements with the Bangko Sentral ng Pilipinas, expanded by 10.4 percent in January 2023, government data showed. Read more »

Philippine sovereign debt at P13.64 trillion in November

ABS-CBN News
Posted at Jan 03 11:31 AM

The national government's total outstanding debt reached P13.64 trillion as of the end of November, slightly higher than the previous month. Read more »

US Fed poised for smaller rate hike with eye on wage growth

Beiyi Seow, Agence France-Presse
Posted at Dec 12 08:42 AM

The US Federal Reserve is poised to slow its interest rate hikes, economists say, as central bankers' most forceful moves in decades to fight inflation ripple through the economy. Read more »

Bank lending grows 13.9 percent in October: BSP

ABS-CBN News
Posted at Nov 30 02:21 PM

Outstanding loans of universal and commercial banks, net of reverse repurchase placement with the BSP grew by 13.9 percent in October. Read more »

BSP hikes rate by 75-bps to match Fed, fight inflation

ABS-CBN News
Updated as of Nov 17 04:24 PM

The Bangko Sentral ng Pilipinas on Thursday hiked the benchmark interest rate by 75 basis points to 5 percent. Read more »

Consumers borrow despite higher interest rate to fight off inflation

Warren De Guzman, ABS-CBN News
Posted at Nov 02 04:03 PM

Filipino consumers continue to turn to personal loans and credit cards amid surging inflation despite the recent hikes in interest rates, analysts have said Wednesday. Read more »

PH debt rises to P13.02 trillion as of end-August

ABS-CBN News
Updated as of Sep 30 04:17 PM

The national government's total outstanding debt rose to P13.02 trillion as of the end of August, the Bureau of Treasury said. Read more »

Rate hikes: a double-edged sword for central banks

Ali Bekhtaoui, Agence France-Presse
Posted at Sep 20 08:42 AM

Central banks worldwide are using aggressive interest rate hikes to lasso galloping inflation, at the risk of pulling down the global economy with it. Read more »

PH debt slightly declines to P12.50 trillion in May

ABS-CBN News
Posted at Jul 01 11:04 AM

The Philippines' total national government outstanding debt settled at P12.50 trillion as of the end of May, the Bureau of Treasury said Friday. Read more »

Next BSP gov signals 2 new rate hikes, more 'if needed'

ABS-CBN News
Updated as of Jun 20 11:50 AM

The BSP will likely raise the interest rate on June 23 and August and more until 2023 if necessary to anchor inflation, incoming BSP Gov. Felipe Medalla said. Read more »

Revenge spending drives up credit card use: RCBC Bankard

ABS-CBN News
Updated as of Jun 15 12:27 PM

Credit card spending rose 45 percent during the first 5 months of the year driven by pent-up demand and increased e-commerce adoption, RCBC Bankard said. Read more »

GCash disburses over P2.5-B in cash loans in 10 months

ABS-CBN News
Posted at Jun 13 11:02 AM

GCash on Monday said it has released over P2.5 billion in cash loans within 10 months since the launch of its lending feature GLoan. Read more »

PH sovereign debt hits P12.76 trillion in April

ABS-CBN News
Updated as of Jun 02 07:25 PM

The national government's total outstanding debt reached P12.76 trillion as of the end of April from P12.68 trillion the previous month. Read more »

Filing says Elon Musk to borrow less in Twitter bid

Agence France-Presse
Posted at May 26 09:07 AM

Elon Musk notified US regulators that he will rely less on loans in his bid to buy Twitter, as he and partners put $33.5 billion into the deal. Read more »

'Too low for too long': Analyst backs interest rate hike in May

ABS-CBN News
Updated as of May 13 11:47 AM

It would be "wise" for the BSP to implement an interest rate hike in May, BPI lead economist Jun Neri said. Read more »

PH debt-to-GDP ratio balloons to 63.5 pct in March

ABS-CBN News
Updated as of May 13 10:06 AM

The Philippines' debt-to-GDP ratio ballooned to 63.5 percent in March from 60.4 percent in December, government data showed. Read more »

PH debt hits P12.68 trillion by end March 2022

ABS-CBN News
Updated as of May 05 02:23 PM

The Philippines' sovereign debt hit P12.68 trillion at the end of March 2022, the Bureau of Treasury said Thursday. Read more »