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China denies it may claim airport if Uganda defaults on loan

Elias Biryabarema, Reuters
Posted at Nov 29 05:28 PM

China has rejected allegations that it may grab Uganda's sole international airport if the east African country fails to service a $200 million loan for the expansion of the facility. 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 »

Robredo: Funds borrowed by PH must be used properly

ABS-CBN News
Posted at Nov 05 09:20 PM

Presidential aspirant Leni Robredo on Friday said money borrowed by the government from lenders must be used properly amid the COVID-19 pandemic. Read more »

THE DAY IN PHOTOS: November 3, 2021

ABS-CBN News
Posted at Nov 03 11:39 PM

Here are the day's top stories in photos. Read more »

Advocates demand payment of ‘climate debt’

Mark Demayo, ABS-CBN News
Posted at Nov 03 01:49 PM

Climate campaigners call on rich countries participating at the Climate Change Conference in Glasgow to pay their “climate debt." Read more »

Gov't says it has funds for PhilHealth debt to hospitals

ABS-CBN News
Posted at Nov 02 06:42 PM

The government said it has funds to settle PhilHealth's unpaid claims, which have prompted some private hospitals to consider cutting ties. Read more »

Beijing names, shames costly projects to curb debt

Frank Tang, South China Morning Post
Posted at Oct 30 10:36 AM

Beijing has named and shamed 8 local government projects in four western provinces as part of its push to rein in mounting local government debt and excessive borrowing in the property sector. 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 »

THE DAY IN PHOTOS: October 28, 2021

ABS-CBN News
Posted at Oct 29 12:08 AM

Here are the day's top stories in photos. Read more »

Health workers want higher budget for COVID response

Jonathan Cellona, ABS-CBN News
Posted at Oct 28 02:14 PM

Health workers demand for a higher budget for the health sector and more benefits for healthcare workers instead of prioritizing debt servicing. Read more »

Lucio Tan throwing $505 million lifeline to PAL

ABS-CBN News
Updated as of Oct 27 06:33 PM

Tycoon Lucio Tan’s Buona Sorte Holdings will infuse $255 million in fresh capital into PAL, and extend the ailing airline a $250 million loan. Read more »

Philippines books P1.14-T budget deficit from Jan-Sept

ABS-CBN News
Updated as of Oct 25 02:11 PM

From January to September, the government collected P2.24 trillion in revenues but spent P3.38 trillion. Read more »

No 'Squid Game': South Korea's real-life debt trap

Cynthia Kim, Reuters
Posted at Oct 22 08:04 AM

Many small business owners in South Korea recognize themselves in the cash-strapped characters of the wildly popular Netflix drama 'Squid Game.' Read more »

Hidden debt fears feed China's property woes

Samuel Shen, Marc Jones and Clare Jim, Reuters
Updated as of Oct 21 07:37 AM

Numbers don't lie, you just need to be looking at the right ones. Read more »

Utang ng PhilHealth sa mga pribadong ospital sa GenSan, higit P800M na

ABS-CBN News
Updated as of Oct 19 11:10 AM

Umabot na sa P834 milyon ang utang ng PhilHealth sa mga pribadong ospital sa General Santos City, ayon sa isang doktor. Read more »

BSP approves $4.66B public sector foreign borrowings in Q3

ABS-CBN News
Posted at Oct 12 11:21 AM

The Monetary Board has approved a total of $4.66 billion public sector foreign borrowings in the third quarter of 2021, the central bank said Tuesday. Read more »

Poor countries' debt rose 12 percent to record $860B in 2020: World Bank

ABS-CBN News
Posted at Oct 12 09:04 AM

World Bank President David Malpass told reporters the bank's International Debt Statistics 2022 report showed a dramatic increase in the debt vulnerabilities facing low- and middle-income countries; he also urged for comprehensive efforts to help countries reach more sustainable debt levels. Read more »

Governments urged to make fiscal plans to tame pandemic debt

David Lawder, Reuters
Posted at Oct 08 08:44 AM

Governments should start planning a return to more sustainable budgets with policies that win the trust of investors, after unprecedented fiscal stimulus to fight the COVID-19 pandemic, the International Monetary Fund said on Thursday Read more »

US Senate Democrats plan debt-limit vote

Andy Sullivan and Susan Cornwell, Reuters
Posted at Oct 06 09:07 PM

Senate Democrats are set to try again on Wednesday to extend the US government's borrowing authority to head off a catastrophic default. Read more »

Yellen warns US debt default could trigger recession

Agence France-Presse
Posted at Oct 05 08:58 PM

Yellen has warned previously that after Oct. 18, the US will not have the funds to pay creditors if Congress does not relax the legal debt ceiling. Read more »