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How to get rid of personal debt

ABS-CBN News
Updated as of Dec 29 07:11 AM

A financial advisor reminds the public the cycle of borrowing can be overcome.    Read more »

Massive debt wave could crash on developing countries, World Bank warns

Heather Scott, Agence France-Presse
Posted at Dec 20 09:08 AM

The World Bank and International Monetary Fund have been sounding the warning about growing global debt for years, but the latest report is even more stark and turned up the volume on its calls for governments to take steps to prevent a debt crisis. Read more »

Massive debt wave could crash on developing countries, World Bank warns

Heather Scott, Agence France-Presse
Posted at Dec 20 03:51 AM

A wave of debt in emerging and developing nations has grown faster and larger than in any period of the last five decades and could end with another crisis, the World Bank warned Thursday.   Read more »

Canada predicts slower growth, deficit to climb in 2020

Agence France-Presse
Posted at Dec 17 07:03 AM

Canada's finance minister predicted on Monday that growth will come in at 1.6 percent in 2020, the best of any G7 country besides the United States, but the deficit will also increase.  Read more »

New money-saving credit card hacks that work

Moneymax.ph
Posted at Nov 27 06:07 PM

A credit card can either save you money or burden you with a large debt if you don’t manage your purchases.  Read more »

Pay debt or save? What to do first with your holiday bonus

Aneth Ng-Lim
Posted at Nov 26 08:57 AM

Bonuses are a welcome relief when you have been living from paycheck to paycheck but that breather will last longer if you pay down your debts and have a wallet-responsible holiday season. Read more »

How bad is China's debt? A city hospital is asking nurses for loans

Alexandra Stevenson and Cao Li, The New York Times
Posted at Nov 11 01:16 PM

Ruzhou, a city of 1 million people in central China, urgently needed a new hospital, their bosses said. To pay for it, administrators were asking health care workers for loans. If employees didn’t have the money, they were pointed to banks where they could borrow it and then turn it over to the hospital. Read more »

Global debt reaches record-high $188 trillion: IMF

Kyodo News
Posted at Nov 08 03:51 AM

Global debt has reached a record high $188 trillion, or about 230 percent of the world's economic output, International Monetary Fund chief Kristalina Georgieva said Thursday, while warning of the risks such debt poses to financial stability.   Read more »

PH debt rises to P7.9-T in September, up 10.4 pct from last year

ABS-CBN News
Updated as of Nov 04 04:51 PM

The national government's debt reached P7.9 trillion at the end of September, which was 10.4 percent higher compared to the same month last year, the Bureau of Treasury (BTr) said on Monday.  Read more »

PhilHealth says private hospital claims 'fully paid'

ABS-CBN News
Posted at Oct 21 03:19 PM

The Philippine Health Insurance Corporation said Monday that it had "fully paid" the reimbursement claims of private hospitals, some of which threatened not to renew its accreditation with the agency over its alleged debt.    Read more »

SEC tells more online lending firms to stop operations

ABS-CBN News
Updated as of Oct 14 11:02 AM

It was the third set of companies to be served with a "cease and desist" order from the SEC, as the regulator responded to consumer complaints. Read more »

SEC asks Google to ban firms behind lending apps shut down in PH

ABS-CBN News
Updated as of Sep 24 11:43 AM

If any of the apps continue to operate, their operators will be held liable, the SEC warned. Read more »

Rice farmers in Nueva Ecija in a time of 'salot'

Jonathan Cellona, ABS-CBN News
Updated as of Sep 14 08:02 AM

“Ito na nga yung sinasabi ng mga magsasaka, na ito na iyung salot sa mga magsasaka.” Read more »

From regular to super saver: How to fortify your finances

ING
Updated as of Sep 12 05:11 PM

Want to take control of your finances? Make small but meaningful changes so it becomes more doable and less painful. Read more »

Malaysian rescued, 3 Chinese arrested in another casino-linked kidnapping

Maan Macapagal, ABS-CBN News
Posted at Sep 06 08:35 PM

A Malaysian was rescued from 3 Chinese nationals who allegedly kidnapped him in Parañaque City after he was unable to pay off his casino debt. Read more »

Online lenders warned against 'debt-shaming'

Warren de Guzman, ABS-CBN News
Updated as of Sep 06 04:52 PM

Creditors who violate data privacy laws through "debt-shaming" may face up to 7 years in jail and may be asked to pay fines of up to P5 million, NPC commissioner Raymund Liboro said. Read more »

Philippine debt hits P7.8 trillion in July

ABS-CBN News
Posted at Sep 03 10:09 PM

The national debt stood at P7.8 trillion at the end of July, 10.8 percent higher than the same month last year, the Bureau of Treasury said Tuesday.  Read more »

Japan warns Africa about debt as China grows presence

Agence France-Presse
Posted at Aug 29 01:35 PM

YOKOHAMA - Japan's prime minister on Thursday warned African leaders against accumulating too much debt, in an apparent reference to Chinese infrastructure projects that some blame for damaging the finances of developing nations.   Read more »

Family members always asking for money? Help yourself first

Aneth Ng-Lim
Updated as of Aug 26 09:22 AM

For the graduates of 2019, let’s hope they have landed jobs by this time and are cashing their first or second pay checks. Sadly, not all will be responsible about handling their money and there can be many reasons for this.  Read more »

Phoenix Petroleum's initiatives cited here and abroad

Phoenix
Updated as of Aug 21 08:03 PM

The company known for high-grade fuels also excels in both marketing campaigns and corporate performance. Read more »