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PH debt rises to P13.64 trillion in October

ABS-CBN News
Posted at Dec 07 03:54 PM

The Philippines’ debt further climbed to P13.64 trillion in October from P13.51 trillion in September as the government continued to borrow. Read more »

ADB OKs $100M loan to help PH modernize technical, vocational education

ABS-CBN News
Posted at Dec 06 11:21 AM

The Asian Development Bank said on Tuesday it has approved a $100 million loan to help modernize the Philippines' technical and vocational education training (TVET) ecosystem to prepare for new labor demands. Read more »

Gov't offers MSMEs loans for 13th month pay

Vivienne Gulla, ABS-CBN News
Posted at Dec 02 06:24 PM

Labor Secretary Bienvenido Laguesma said there's no interest and collateral needed for the loans. Read more »

DOH says it 'proactively' sought special audit on COVID deals

Davinci Maru, ABS-CBN News
Updated as of Nov 30 04:09 PM

The DOH supports a special audit of the multibillion-peso loan granted by lending institutions for the purchase of COVID-19 vaccines. 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 »

S&P affirms PH investment-grade rating, stable outlook

ABS-CBN News
Updated as of Nov 21 10:46 AM

S&P Global Ratings said it has affirmed the Philippines' investment-grade long-term BBB+ rating and short-term sovereign A-2 credit rating as the economy recovers. Read more »

'Mga Pinoy nangungutang kahit may banta ng mas mataas na interes'

ABS-CBN News
Posted at Nov 03 08:34 PM

Sa kabila ng mataas na inflation at banta ng pagtaas ng interes sa pautang ng mga bangko, tuloy pa rin sa pag-utang ang maraming Pilipino. Read more »

BPI posts P10.1-B net income in third quarter

ABS-CBN News
Posted at Oct 20 09:39 AM

The Bank of the Philippine Islands said on Thursday it has posted a net income of P10.1 billion in the third quarter due to higher revenues. Read more »

Interes sa mga pautang inaasahang tataas dahil sa inflation

ABS-CBN News
Posted at Oct 17 08:47 PM

Dahil patuloy na tumataas ang inflation, asahang tataas din ang interes sa mga pautang, ayon sa mga eksperto. Read more »

Bad loans decline even as credit card use rises: BSP

Warren de Guzman, ABS-CBN News
Updated as of Oct 17 02:43 PM

Philippine banks have reported fewer bad loans in spite of the increase in credit card use in the past year, the Bangko Sentral ng Pilipinas said on Monday. Read more »

Transport chief Baustista backs PPP for 10 airport projects

Jekki Pascual , ABS-CBN News
Posted at Oct 10 04:44 PM

Transportation Secretary Jaime Bautista on Monday said he is pushing for Public Private Partnership (PPP) deals for many transport projects in the country, especially airports. Read more »

31 pct of 2023 nat'l budget to come from loans: House

RG Cruz, ABS-CBN News
Updated as of Sep 20 08:11 PM

The government will be funding 31 percent of the 2023 national budget from loans, the chairman of the House committee dealing with the matter said. Read more »

'Utang-tagging' sa mga guro, kinondena ng kongresista

ABS-CBN News
Posted at Sep 13 08:12 PM

Pinahihirapan ang mga gurong may utang sa pag-renew ng kanilang lisensiya sa Professional Regulatory Commission. Read more »

Laptops, bicycles top items for Home Credit loans

Warren de Guzman, ABS-CBN News
Updated as of Aug 30 10:22 PM

Consumer finance company Home Credit on Tuesday said laptops and bicycles have recently become the top items for customers applying for loans. Read more »

DOF denies debt payments eating a third of 2023 budget

ABS-CBN News
Updated as of Aug 25 04:22 PM

Debt service makes up just 11.6 percent of the proposed P5.268 trillion national budget for 2023, Finance Secretary Benjamin Diokno said Thursday. Read more »

BPI unfazed by competition with digital banks

ABS-CBN News
Updated as of Aug 22 11:00 AM

The Bank of the Philippine Islands can compete head-to-head with digital banks, its president Jose Teodoro Limcaoco said Monday. Read more »

Maliliit na negosyo aaray sa pagtaas ng interest rates - grupo

ABS-CBN News
Posted at Aug 19 09:19 PM

Sunod-sunod na ang pagtaas ng interest rate ng Bangko Sentral ng Pilipinas para mapigilan ang pagsirit ng presyo ng mga bilihin. Read more »

PH's gross international reserves decline to $98.8 billion in July

ABS-CBN News
Updated as of Aug 08 09:16 AM

The Philippines' gross international reserves (GIR) level slightly declined to $98.8 billion as of the end of July, data from the Bangko Sentral ng Pilipinas showed. Read more »

PH national debt at P12.79 trillion as of end-June

ABS-CBN News
Posted at Aug 05 02:54 PM

The Philippine national government's total outstanding debt reached P12.79 trillion as of the end of June, data from the Bureau of Treasury showed. Read more »

Landbank income hits P20.3-B in first half of 2022

ABS-CBN News
Updated as of Aug 03 02:04 PM

Land Bank of the Philippines on Wednesday said its net income grew 93.5 percent to P20.3 billion in the first half of 2022 from P10.3. billion the previous year. Read more »