Tag: debt
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Sen. Robin’s Bill to Punish Abusive Debt Collectors
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Sen. Robinhood “Robin” C. Padilla has filed a bill to punish abusive landing and financing companies that force borrowers to settle their debts through harassment, shaming and similar practices. Padilla filed Senate Bill 2882, after noting RA 9474 (the Lending Company Regulation Act) and RA 7394 (Consumer Act) do not…
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Economy on track to outgrow debt — DoF
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ECONOMIC GROWTH is on track to outpace the rise in the National Government’s (NG) debt, with borrowing costs expected to go down as global central banks cut interest rates, the Department of Finance (DoF) said on Monday. During the Development Budget Coordination Committee’s (DBCC) briefing before the House Committee on…
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ManoCap Energy Secures $20 Million Debt Funding from Mirova Gigaton Fund for West Africa Renewable Energy Projects
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Mirova Gigaton Fund has committed $20 million in long-term debt financing to ManoCap Energy, a commercial and industrial (C&I) market leader backed by Evolution II Fund, focused on West Africa. […] The post ManoCap Energy Secures $20 Million Debt Funding from Mirova Gigaton Fund for West Africa Renewable Energy Projects…
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NG debt hits new high of P15.48-T
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THE NATIONAL Government’s (NG) outstanding debt jumped to a fresh high of P15.48 trillion as of end-June, reflecting the impact of the peso depreciation against the US dollar, the Bureau of the Treasury (BTr) said.
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NG debt to rise to P17.35-T in 2025
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THE NATIONAL GOVERNMENT’S (NG) outstanding debt is projected to hit a record P17.35 trillion at the end of 2025, the Department of Budget and Management (DBM) said. The 2025 Budget of Expenditures and Sources of Financing showed the NG’s debt stock is expected to increase by 8.08% from the projected…
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External debt payments fall by 20%
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THE PHILIPPINES’ external debt service burden fell by 19.8% as of end-April as principal payments declined, data from the Bangko Sentral ng Pilipinas (BSP) showed. Preliminary data from the central bank showed that the country’s debt service burden on its external borrowings dropped to $4.64 billion in the January-April period…
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Debt service bill jumps in May
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THE NATIONAL GOVERNMENT’S (NG) debt service bill jumped year on year in May due to a surge in interest payments, the Bureau of the Treasury (BTr) said. Data from the Treasury bureau showed that debt payments rose by 40.64% to P68.98 billion in May from P49.05 billion in the same…
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NG debt hits record P15.35 trillion
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THE NATIONAL Government’s (NG) outstanding debt rose to a fresh high of P15.35 trillion as of end-May, reflecting the impact of the peso weakness on foreign currency-denominated debt, the Bureau of the Treasury (BTr) said.
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External debt hits $128.7B as of end-March
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THE PHILIPPINES’ outstanding external debt stood at a record $128.7 billion as of end-March, the Bangko Sentral ng Pilipinas (BSP) reported. Data from the central bank showed that external debt rose by 8.3% from $118.8 billion in the same period a year ago. It was also higher by 2.6% from…
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Debt service bill declines by 21% in April — Treasury
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THE NATIONAL Government’s (NG) debt service bill fell in April amid a drop in amortization payments, the Bureau of the Treasury (BTr) said. Data from the BTr showed that debt repayments declined by 21% to P161.695 billion in April from P204.763 billion in the same month a year ago. Month…