Greeks rebuild lives after debt crisis wrecked dreams

AFP 08/19/2018

In 2010, Panagiota Kalliakmani had just secured her chemistry degree and dreamed of going into research. Then the Greek economic crisis struck. With the cash-strapped state forced into massive spending cuts, the plug was pulled on myriad…

Weaker peso raises gov’t debt to record high P6.417T at end-June 2017

Inquirer.net 07/26/2017

AS the peso slid to almost 11-year lows in June, the national government’s outstanding debt inched up to a record high P6.417 trillion at the end of the first six months of 2017. The latest Bureau of…

Warning sign on China debt reaches record level – report

09/20/2016

Beijing – A key gauge of China’s debt has reached its highest level on record, setting off alarm bells of imminent risk to the banking system, a Swiss banking watchdog reported. China’s credit-to-GDP gap reached 30.1 percent…

Cebu City owes Consolacion private landfill owner, haulers

Jose Santino S. Bunachita 09/08/2016

Cebu City Hall still owes the owner of the private landfill in Consolacion as well as private haulers for services rendered earlier this year. According to Cebu City Councilor Margarita Osmeña, who had a brief stint as…

Unpaid debt leads to man’s murder

Apple Ta-as 05/15/2016

A MAN who failed to pay a P15,000 debt died at the hands of armed men in Barangay Luz, Cebu City Sunday dawn. Kevin James Erin was shot while he was with friends at a convenience store…

SRP DEBT RISING

Jose Santino S. Bunachita 02/11/2016

The Cebu City government faces a penalty of nearly P2 million a day if it fails to pay the amortization for the South Road Properties (SRP) loan on Feb. 20. “There would be penalties and charges. It…

Council authorizes Rama to negotiate for SRP loan balance

Jose Santino S. Bunachita 08/27/2015

The Cebu City Council authorized Mayor Michael Rama to negotiate with the Land Bank of the Philippines (LBP) to pre-terminate the South Road Properties (SRP) loan. The city can save over P139 million a year if it…

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