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…
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 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…
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…
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…
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…
