Bouncing back

Cielito F. Habito - @inquirerdotnet 05/24/2022

Now that the first-quarter growth figures are out, I thought I’d take a closer look at how the economy is growing. The report was a surprise to many, as most analysts had expected the gross domestic product…

E-sabong’s social costs: Debt, possibly, even death

Kurt dela Peña 05/04/2022

MANILA, Philippines—As sabong (cockfight) went online in 2018, the House of Representatives already expressed its concerns, but as COVID-19 lockdowns were implemented in 2020, the craze even went wilder. It was in 2020 when Mike Tabelina, 32,…

Dreading debt

Cielito F. Habito - @inquirerdotnet 12/14/2021

As of today, our government owes money equivalent to nearly two-thirds of all incomes generated in the economy in a year. The total debt owed by the national government as of the third quarter stood at P11.92…

PH ‘sinking deeper and deeper’ into debt

Ben O. de Vera - Reporter / @bendeveraINQ 02/06/2021

MANILA, Philippines — As presidential spokesperson Harry Roque Jr. wished rigor mortis on critics of the Duterte administration, the country’s economic managers scrambled to stop the economy itself from “sinking deeper and deeper” as President Duterte himself…

Some Sinulog choreographers deep in debt, depressed

Doris C. Bongcac 01/12/2021

MANDAUE CITY, Cebu — Contingents that signed up for the January 17 ritual showdown of the Sinulog 2021 were already looking forward to the competition when the announcement for its postponement was made on Saturday, January 9.…

Dark night of martial law

Philippine Daily Inquirer 09/21/2020

Filipinos of a certain age make it a ceremony to remember Sept. 21, 1972, for the imposition of martial law, which the dictator Ferdinand Marcos formally announced two days later. Far from being a tedious chore, the…

P83,239: Each Filipino’s share of P9.05T debt as of end-June

Ben O. de Vera - Reporter / @bendeveraINQ 07/30/2020

Each of the estimated 108.7 million Filipinos carries the burden of paying the national government’s growing debt, which amounted to a new record-high of P9.05 trillion as of June which means if we wanted to pay now,…

A new world order (1)

Peter Wallace - @inquirerdotnet 07/16/2020

  They’re calling it the “new normal.” A world in upheaval. What will that new world look like? Let me suggest a few of the changes we may see. The first thing to recognize is that, of…

Millennials: The Debt Generation

Miracle Oyedeji 08/23/2019

Millennials: The Debt Generation. No other generation has suffered from debt than the Gen Y, also known as the echo boomers. We as a generation need to be aware of the financial burden on us and the…

Fake heiress’ life of luxury left others footing big bills

AP 03/28/2019

NEW YORK (AP) — Anna Sorokin traveled in celebrity circles and tossed $100 tips — all the more reason to believe she was the German heiress she said she was. But behind the jet-set lifestyle and pricey…

Philippine debt further up to record P7.17 T in Oct

Inquirer.net 12/03/2018

As the Philippine government continued to borrow heavily from domestic sources, its debt stock further rose to P7.17 trillion in October. The national government’s outstanding obligations at the end of the first 10 months inched up 0.1…

China’s ‘new Silk Road’ project runs into debt jam

AFP 09/02/2018

China’s massive and expanding “Belt and Road” trade infrastructure project is running into speed bumps as some countries begin to grumble about being buried under Chinese debt. First announced in 2013 by President Xi Jinping, the initiative…

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