60-day debt moratorium backed | Inquirer Business
MANILA, Philippines — Business groups lauded the compromise both houses of Congress reached on the moratorium on debt payments to ease the difficulties of Filipinos during the COVID-19 quarantine in…
Group bucks 1-year moratorium on all debt payments
The Management Association of the Philippines (MAP) warned lawmakers against a year-long freeze on debt payments, fearing good intentions might lead to worse problems since most of the country’s bank…
PH debt now 48.1 percent of GDP and growing
MANILA, Philippines—The share of the national government’s debt to gross domestic product (GDP) climbed to 48.1 percent at the end of the first half of the year as the economy…
P83,329: Each Filipino’s share of P9.05T debt as of end-June
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…
SM group raising funds via 18-month debt note issuance
The country’s largest conglomerate, SM Investments Corp. (SMIC), is raising P5.6 billion through the issuance of debt notes to selected institutional investors. The 18-month fixed-rate notes were priced to yield…
Corporate debt funds eyed to prevent financial crunch amid COVID-19 crisis
SEC chair Emilio Aquino The Securities and Exchange Commission seeks to help prevent the coronavirus (COVID-19) pandemic from spawning local financial crunch by soon allowing the creation of new investment…
Metrobank raises $500M from offshore debt deal
Metropolitan Bank & Trust Co. (Metrobank) Ty family-led Metropolitan Bank and Trust Co. has raised $500 million from its first offshore debt market foray in nearly two decades. Metrobank priced…
UK think tank: PH can tolerate higher debt to fight COVID-19
MANILA, Philippines — The Philippines can afford to borrow more in order to finance the bigger costs in fighting the health and socioeconomic crises caused by COVID-19, London-based Capital Economics…
PH debt further rose to new high of P8.89 trillion in May
MANILA, Philippines — With more foreign loans and domestic borrowings availed in May to finance the fight against COVID-19, the national government’s outstanding debt stock further climbed to a fresh…
PH foreign debt steady in Q1 as pandemic caps overseas borrowings
MANILA, Philippines – The outbreak of the coronavirus pandemic helped cap foreign borrowings by public and private entities in the first quarter, resulting in only a small uptick of the…