PH debt soared to P15.89 trillion as of September

Mariedel Irish U. Catilogo 10/31/2024

The Philippine government’s debt reached a record P15.89 trillion at the end of September, as officials borrowed more locally and internationally to cover the budget deficit. The Bureau of the Treasury reported on Wednesday that this marked…

Duterte to face Senate amid scrutiny over his drug war tactics

Inquirer Research, Krixia Subingsubing, TIna Santos 10/28/2024

MANILA, Philippines — Former President Rodrigo Duterte’s past calls to kill drug suspects and “ninja cops” loom over his expected Senate appearance today, where he may face questions about the violent tactics of his drug war. Senator…

PH stock market surges past 7,400 mark amid positive economic outlook

Meg Adonis 09/27/2024

The local stock market regained the 7,400 level on Thursday, boosted by positive expectations for the country’s economic growth. By the end of the day, the Philippine Stock Exchange Index (PSEi) rose 1.31%, or 96.12 points, to…

Davao police chief named acting CIDG head after leading Quiboloy arrest operation

Francis Mangosing 09/26/2024

MANILA, Philippines — Police Brig. Gen. Nicolas Torre III, the Davao regional police director who led the operation to capture Apollo Quiboloy, has been appointed acting director of the Philippine National Police’s Criminal Investigation and Detection Group…

Marcos set to sign landmark law protecting rights of 500,000 Filipino seafarers

TIna Santos 09/23/2024

MANILA, Philippines — President Marcos is set to sign a bill on Monday that will protect the rights and welfare of about 500,000 Filipino seafarers, Senate President Francis Escudero said. “This law ensures that no Filipino seafarer…

Alice Guo posts P540,000 bail for graft charges in Valenzuela court

Tech Torres-Tupas 09/21/2024

MANILA, Philippines — Dismissed Bamban Mayor Alice Guo posted bail for graft on Friday in the Valenzuela Court. Her lawyer, Atty. Stephen David, confirmed the bail amount was P540,000. However, the arraignment was postponed due to a…

PH stocks flat as economic slowdown fears weigh on markets

Meg Adonis 09/05/2024

The Philippine Stock Exchange Index (PSEi) closed nearly unchanged on Wednesday at 6,882.12, down 0.01% (0.80 points), following a sharp drop in US markets as investors worried about a potential global economic slowdown. The broader All Shares…

PH gov’t debt hits record P15.69 trillion in July

Mariedel Irish U. Catilogo 09/04/2024

Government debt reached a new high of P15.69 trillion at the end of July, mainly due to new government securities and project loans. The increase was slightly offset by a stronger peso, according to the Bureau of…

Fuel prices to go up P1 per liter effective Tuesday 

Lisbet K. Esmael 08/19/2024

Motorists will face higher fuel prices starting Tuesday. After several rollbacks, oil companies announced on Monday that they will raise prices by about P1 per liter this week. READ: Fuel price hike seen next week In separate…

Bato believes Marcos admin, ‘yellows’ team up vs. Duterte allies

Charie Abarca 08/17/2024

MANILA, Philippines — Sen. Bato dela Rosa said he feels like members of President Ferdinand Marcos Jr.’s administration are working with “leftists” and “yellows” to target former President Rodrigo Duterte and his allies. He added that it…

Foreign investment pledges soar to P189.5B in Q2

Mariedel Irish U. Catilogo 08/16/2024

Foreign investment pledges approved by investment promotion agencies (IPAs) jumped by 220.07 percent in the second quarter compared to the same period last year, showing a strong rise in investor confidence, according to the Philippine Statistics Authority…

PH gains 2nd ‘A’ credit rating from Japan’s credit watcher, citing strong economic growth

Mariedel Irish U. Catilogo 08/15/2024

Japan’s Rating and Investment Information Inc. (R&I) has upgraded the Philippines’ credit rating to ‘A-’ with a stable outlook, citing strong economic growth and a better fiscal position. This is the country’s second ‘A-‘ credit rating, following…

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