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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…
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…
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…
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…
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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