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Duterte administration is borrowing responsibly

Undersecretary Mark Dennis Joven, Department of Finance
Updated as of Nov 07 01:24 PM

Even with the spike in borrowings, the Philippines is confident that it will weather the effects of the COVID-19 pandemic with its financial capacity to repay its loans Read more »

Loans for COVID-19 response reach P392.94 billion

ABS-CBN Investigative and Research Group
Posted at Sep 03 06:22 PM

The running total will be paid from 2023–2049, with an average repayment period of 15 years for each loan, based on the amortization schedules indicated in the loan agreement documents available on the DOF website as of Aug. 5. Read more »

PH debt hits P9.16 trillion in July, as gov't borrowings continue to rise

ABS-CBN News
Posted at Sep 02 10:10 PM

This was higher by P1.36 trillion or 17.4 percent compared to the same month last year, and P1.43 trillion or 18.5 percent higher than at the end of December 2019. Read more »

Bangko Sentral says PH foreign debt remains manageable

ABS-CBN News
Posted at Aug 13 05:49 PM

The Bangko Sentral ng Pilipinas said the country’s external debt remains manageable despite the increase in borrowings this year to finance the Philippines’ COVID-19 response.    Read more »

Philippine debt breaches P9 trillion in June as gov’t borrowings rise due to virus response

ABS-CBN News
Posted at Jul 29 02:30 PM

The Bureau of Treasury said the total Philippine debt stood at P9.054 trillion at the end of June, which was 16.9 percent higher than the debt stock in the same month last year.    Read more »

Philippines' debt rises to P8.6 trillion in April

ABS-CBN News
Posted at Jun 03 05:52 PM

This was 10.4 percent higher than the P7.787 trillion debt posted in April 2019, and 1.5 percent higher than the P8.477 trillion posted in March.   Read more »

Top creditors to suspend poorest countries' debt payments, France says

Leigh Thomas, Reuters
Posted at Apr 14 11:23 PM

PARIS - Major international creditors have agreed to suspend debt payments owed by the poorest countries this year, throwing a financial lifeline to help cope with the coronavirus crisis, France's finance minister said on Tuesday.   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 »

China seeks to allay Belt and Road debt concerns

Kevin Yao, Reuters
Posted at Apr 25 12:18 PM

The policy championed by Chinese President Xi Jinping has become mired in controversy, with some partner nations bemoaning the high cost of projects, though China has repeatedly said it is not seeking to trap anyone with debt. Read more »

OPINYON: Karagdagang kaalaman sa larangan ng sports at pagbubuwis

Buddy Gomez -- Cyberbuddy
Updated as of Aug 04 01:40 AM

Nabalitang si Cristiano Ronaldo ay naparusahan ng multa sa halagang US$3.7 milyong dahil may pagkakamali siya sa kanyang isinumeteng “income tax returns.” Agad-agad namang ito ay inamin at nagbayad si Ronaldo. Tapos ang kuwento! Read more »

OPINION: What the Filipino people ought to hear from the President

Jose Galang — Your Business
Posted at Jul 23 12:59 AM

The Filipino people deserve more than cuss words and grandiose plans that will entail more taxes. Read more »

OPINION: Sen. Leila de Lima’s “Debt Trap” Resolutions

Buddy Gomez -- Cyberbuddy
Updated as of Jun 30 09:45 AM

Indeed, there is much wisdom in what the former American President John Adams (successor to George Washington) said in 1826, long after his term. “There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt.” Read more »

OPINION: ‘Build, Build, Build’ ambition morphing into a folly

Jose Galang -- Your Business
Posted at Jun 28 07:58 PM

The Duterte administration's tax reform is now threatening to turn Philippine economic growth into a domestic crisis.   Read more »

Scrutinize those loans, please

Jose Galang — YOUR BUSINESS
Posted at Jun 20 11:26 PM

Financing deals for the so-called “Build, Build, Build” scheme warrant a serious review in the wake of their growing negative effects on the local economy as well as the unfavorable record of similar undertakings in many developing countries involving development assistance from China. Read more »

ANALYSIS: Signs of an unsustainable economic growth

Jose Galang — YOUR BUSINESS
Posted at Jun 08 07:03 PM

Newly released government data show a few bright spots in the economy but high rates of inflation and industries straining at high capacity usage put sustained robust growth under a cloud. Read more »

ANALYSIS: No fun coping with Asia’s fastest-rising consumer prices

Jose Galang -- Your Business
Posted at Apr 05 01:52 PM

Inflation in the Philippines is now fastest among Asian economies.  Read more »

Duterte government sells $2 billion in 10-year bonds

ABS-CBN News
Posted at Jan 19 09:53 AM

The Philippines on Friday sold $2 billion in 10-year bonds, reflecting the international market's "strong support" for President Rodrigo Duterte's government, the head of his economic team said. Read more »