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MANILA, Philippines — The government’s outstanding debt rose in January due to a weak peso and after the Marcos administration borrowed more from local creditors than what it paid for its maturing liabilities, the Bureau of the Treasury (BTr)…
MANILA, Philippines — The government’s debt reached a new record high of P14.51 trillion in November 2023, increasing by P27.92 billion from the previous month. This rise was influenced by higher borrowing costs and increased inflation, leading…
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…
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,…
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…
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…
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.…
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…
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,…
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. 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…
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…
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