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PH to tap $80-M loan from World Bank for disaster response

ABS-CBN News
Posted at Dec 23 03:35 PM

The Philippines will draw $80 million (P4 billion) from the World Bank for disaster relief and rehabilitation following the onslaught of typhoon Odette Read more »

France lending 250-M euros for PH disaster response

ABS-CBN News
Updated as of Dec 20 04:58 PM

France is lending the Philippines 250 million euros or around P14 billion to aid the country's disaster risk response, the Department of Finance said on Monday. Read more »

Gov’t to borrow P300-B from BSP next year

ABS-CBN News
Posted at Dec 08 05:22 PM

Finance Secretary Carlos Dominguez III said Wednesday the government will borrow P300 billion from the Bangko Sentral ng Pilipinas next year. Read more »

PH debt hits record P11.97 trillion in October

ABS-CBN News
Updated as of Dec 01 04:06 PM

Since October last year, the government has added P1.9 trillion to the national debt. Read more »

Budget deficit rises to P1.2 trillion in October

ABS-CBN News
Posted at Nov 25 02:02 PM

The Philippines’ budget deficit rose to P1.2 trillion at the end of October as spending continued to outstrip revenues, the Bureau of Treasury said on Thursday. Read more »

PH debt hits record P11.92 trillion in September

ABS-CBN News
Posted at Oct 29 04:21 PM

The Philippines' debt further climbed to P11.92 trillion at the end of September, up 27.2 percent from the same month last year. Read more »

Finance dept eyes 30 pct rise in budget

Bruce Rodriguez, ABS-CBN News
Posted at Sep 15 06:08 PM

The DOF is seeking a 30 percent increase in its budget next year, with the BIR again getting the lion’s share of the appropriations. Read more »

Lacson: Ambisyoso ang Oktubre 31 deadline ng pagbabakuna

Robert Mano, ABS-CBN News
Posted at Sep 09 09:50 PM

Tinawag ni Senador Panfilo Lacson na ambisyoso ang projection ng pamahalaan na pagdating ng Oktubre 31 ay bakunado na ang adult population sa buong bansa. Read more »

Philippine debt hits P11.61 trillion in July

ABS-CBN News
Updated as of Sep 02 07:30 AM

The Philippines’ debt climbed further hitting P11.61 trillion at the end of July, the Bureau of Treasury reported on Wednesday. Read more »

‘Secured’ doses kayang bakunahan lahat ng mga Pilipino

Joyce Balancio, ABS-CBN News
Posted at Aug 27 07:56 AM

Nasa 13.3 milyong mga Pilipino na aniya ang fully vaccinated, habang nasa higit 18 milyon ang natanggap na ng first dose ng COVID-19 vaccine. Read more »

DBM: Over 1,400 barangays to get P20-M each from NTF-ELCAC

RG Cruz, ABS-CBN News
Updated as of Aug 26 11:12 PM

A total of 1,406 barangays nationwide stand to get P20 million each under the P28.1 billion proposed NTF-ELCAC budget for 2022. Read more »

PH borrowings to drop to P2.25T in 2022: Finance chief

ABS-CBN News
Posted at Aug 26 03:49 PM

The Philippine government’s borrowings will drop in P2.25 trillion in 2022 from the P3 trillion expected this year. Read more »

PH finance body studying Delta variant's impact on financial system

Warren de Guzman, ABS-CBN News
Updated as of Jul 29 10:48 AM

A government body overseeing Philippine financial stability said Wednesday it is conducting stress tests to assess the possible effects of another lockdown on the country’s financial system.  Read more »

SC’s Court Administrator 'strongly' reminds courts to stick to deadlines

Mike Navallo, ABS-CBN News
Posted at Jul 28 07:20 PM

A letter from Finance Secretary Carlos Dominguez has prompted the Supreme Court Office of the Court Administrator to remind commercial courts to stick to the deadline for resolving cases. Read more »

Unemployment, underemployment further ease in May: PSA

ABS-CBN News
Updated as of Jul 01 02:56 PM

The Philippines’ unemployment rate further eased to 7.7 percent in May from 8.7 percent in April, while underemployment also declined to 12.3 percent from 17.2 percent in April, the state statistics bureau said on Thursday.  Read more »

Lacson sees P5-billion excess fund for COVID-19 vaccine procurement

Sherrie Ann Torres, ABS-CBN News
Posted at Jun 15 10:04 PM

The Duterte administration has enough funds to procure COVID-19 vaccines that can be used on up to 70 million individuals to be able to achieve herd immunity against the coronavirus, Sen. Panfilo Lacson said Tuesday. Read more »

Duterte: Gobyerno handang sagutin mga tanong hinggil sa pondong pambili ng bakuna

Joyce Balancio, ABS-CBN News
Posted at Jun 15 03:01 AM

Matatandang nais ng mga senador na alamin ang estado ng P82.5 billion na inilaan para pambili sa mga bakuna kontra COVID-19. Read more »

S&P Global Ratings affirms Philippines' investment grade BBB+ rating

ABS-CBN News
Posted at May 27 08:40 PM

Debt watcher S&P Global Ratings affirmed on Thursday the Philippines’ investment-grade credit rating of BBB+ with a stable outlook, saying the country’s economy was beginning to recover from the disruptions of the COVID-19 pandemic.    Read more »

Digitalization crucial for economy to 'remain viable': Finance chief

ABS-CBN News
Posted at May 26 11:50 AM

The economy should speed up the adaption of digitalization to "remain viable" as the old brick-and-mortar strategy is no longer enough to meet the changing needs of consumers, Finance Secretary Carlos Dominguez III said Wednesday.  Read more »

Philippines urges ADB to 'level up', expand loan portfolio to support recovery: DOF

ABS-CBN News
Updated as of May 04 10:20 PM

MANILA (UPDATE) - The Philippines is urging the Asian Development Bank to "substantially expand" its loan portfolio for the next 5 years to boost recovery of developing member-countries from the COVID-19 pandemic. Read more »