National Government outstanding debt

Source BusinessWorld

The National Government’s (NG) outstanding debt rose to a record-high P12.76 trillion at the end of April, as it continued to ramp up borrowings to support economic recovery from the pandemic...

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The Philippines is likely to lose investment opportunities to other Southeast Asian countries if it continues to delay the ratification of the Regional Comprehensive Economic Partnership (RCEP), Trade Secretary Ramon M. Lopez said on Thursday...

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The Department of Trade and Industry (DTI) is hopeful that the Regional Comprehensive Economic Partnership (RCEP) agreement will be ratified at the next Congress...

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With the Philippines now placed by the US Centers for Disease Control and Prevention (CDC) under the lowest travel risk classification, the government should lift the state of public health emergency that has been in effect since the early stages of the pandemic...

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New York-based GlobalSource Partners now expects the Philippines to book faster economic growth this year after emerging strongly from the pandemic-induced recession...

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The Philippines is seen as one of the least vulnerable to stagflation among emerging markets (EMs), even as the country continues to deal with rising commodity prices...

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A Food Safety Regulatory Administration (FSRA) has been proposed that will maintain a registry of agricultural imports configures to deter smuggling...

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An alliance of child rights advocacy groups applauded the 18th Philippine Congress for the passage of seven key bills, and at the same time reminded the incoming legislature that several other measures are needed to strengthen child protection in the country...

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Sen. Christopher Lawrence "Bong" Go lauded the passage in the Senate of the proposed "Philippine Digital Workforce Competitiveness Act" which seeks to promote the development of the country's digital workforce by providing Filipinos with digital skills...

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The Senate ratified the bicameral conference committee report on the bill repealing Republic Act No. 10000 or the Agri-Agra Reform Credit Act of 2009 to boost the access of agricultural communities to financial services and programs...

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The Department of Trade and Industry (DTI) said it introduced an improved version of its e-Presyo online price monitoring system...

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Vietnam has developed an African swine fever vaccine for pigs in partnership with the United States, and is aiming to become the first global commercial exporter, an official said...

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A US medical team said Thursday they had reconstructed a human ear using the patient's own tissue to create a 3D bioimplant, a pioneering procedure they hope can be used to treat people with a rare birth defect...

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Trade disruptions from China’s lockdowns and the war in Ukraine are seen doing for Southeast Asia what the US’ spat with Beijing couldn’t meaningfully do — redistribute supply chains...

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China has rejected the Philippines’ protest against its yearly fishing ban in the South China Sea, saying the four-month moratorium is meant to protect marine resources in waters under its jurisdiction...

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The Philippines has fallen behind its Asean peers in terms of achieving the 17 Sustainable Development Goals (SDGs), according to the latest report from the Sustainable Development Solutions Network (SDSN)...

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Amid the latest diplomatic protest lobbed by the Department of Foreign Affairs (DFA) against China over its imposition of a fishing ban extending to the West Philippine Sea (WPS), its envoy to Manila paid the Philippine Coast Guard (PCG) a visit Thursday...

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The United States on Thursday backed the Philippines in criticizing a unilateral seasonal ban on fishing declared by Beijing in the dispute-rife South China Sea...

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The Philippines will send one of its two guided-missile frigates to the world’s largest naval exercise involving about 25,000 personnel from 26 countries at the end of the month...

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Major oil producers led by Saudi Arabia and Russia were to hold talks on Thursday on whether to adjust output, hard on the heels of a European Union ban on most of Moscow's oil imports...

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Saudi Arabia is prepared to raise its oil production if Russia’s output falls substantially because of the western sanctions imposed on it, the Financial Times reported on Wednesday, citing sources...

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US President Joe Biden will visit Saudi Arabia this month, reports said Thursday, a stark reversal for a leader who once called for the kingdom to be made a pariah...

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North Korea on Thursday skipped the diplomatic niceties for a combative tone when it took the helm of the Conference on Disarmament...

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Ukraine marked 100 days since Moscow’s invasion on Friday with Russian forces hammering the Donbas in their push to capture the country’s east...

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Russian forces were attempting to extend and consolidate their hold on Ukraine’s industrial city of Severodonetsk on Thursday, edging closer to claiming a big prize in their offensive in the eastern Donbas region...

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U.S. President Joe Biden announced on Wednesday a new $700 million weapons package for Ukraine that will include high mobility artillery rocket systems, which can accurately hit targets as far away as 80 km (50 miles)...

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China “firmly” opposes the launch of the U.S.-Taiwan Initiative on 21st Century Trade, the commerce ministry said on Thursday, adding that the Chinese government opposed any form of official contact between Taiwan and other countries...

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The persistent elevated prices of commodities is seen impeding tourism recovery in the Philippines and the rest of Asia, even as economies reopen from the pandemic...

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The European Union's drug watchdog is in talks with the maker of a vaccine against deadly smallpox to extend its use to monkeypox, a senior official said Thursday...

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As cases of monkeypox in wealthier Western nations spark a flurry of scientific research to combat the outbreak, scientists are urging the world to make sure lower-income nations benefit from the fruits of that labor as well...

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A new approach to viewing viral evolution could help predict whether and when a new coronavirus variant is likely to outcompete currently dominant versions, researchers say...

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A monkeypox outbreak continues to grow in countries where the virus isn't normally found, putting global health officials on high alert. Now with more than 643 cases of monkeypox in dozens of countries where the virus is not endemic, "the sudden appearance of monkeypox in many countries at the same time suggests there may have been undetected transmission for some time," World Health Organization Director-General Tedros Adhanom Ghebreyesus said Wednesday...

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Presidential Adviser for Entrepreneurship Jose Maria “Joey” A. Concepcion III said the Philippines should lift the state of public health emergency to promote confidence among the population after the country was classified under the lowest travel-risk classification by the Centers for Disease Control and Prevention (CDC)...

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Incoming Budget secretary Amenah Pangandaman said she was instructed by President-elect Ferdinand Marcos Jr. to ensure that his priority initiatives and projects are included in the 2023 National Expenditure Program (NEP)...

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Ports and gaming billionaire Enrique Razon Jr. is coming to the aid of Davao-based businessman Dennis Uy by acquiring the controlling stake of the presidential ally in the Malampaya deepwater gas-to-power project in offshore Palawan...

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The Department of Health (DOH) on Thursday saw “little to no risk” of the Crimean-Congo hemorrhagic fever virus reaching the country...

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The Senate on Thursday ordered the release of two detained executives of Pharmally Pharmaceuticals Corp., the severely undercapitalized company which its blue ribbon committee found to have won the lion’s share of contracts from a P42-billion pandemic response fund of the Department of Health...

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Information technology experts on Thursday urged the Commission on Elections (Comelec) to shift to a hybrid form of election system for the next national elections...

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Libel or defamation? They’re basically the same, human rights lawyer Chel Diokno said on Thursday...

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The Land Transportation Franchising and Regulatory Board (LTFRB) on Thursday said that it had already disbursed an estimated total of P1,170,396,500 to over 180,000 public utility vehicle (PUV) operators...

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About 70 percent of provinces, highly urbanized cities, and independent component cities showed an increase in cases, but the Philippines remains at a low-risk classification for COVID-19, the Department of Health (DOH) said Thursday...

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The Land Transportation Franchising and Regulatory Board (LTFRB) is set to deploy “mystery riders” on transport network vehicle services (TNVS) following complaints of overcharging passengers...

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Incoming Budget Secretary Amenah Pangandaman said she would heed President-elect Ferdinand “Bongbong” R. Marcos Jr.’s order to ensure that the proposed 2023 national budget would be focused on his priority programs and projects, including the country’s economic recovery...

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There remains no indication of a community transmission of the Omicron subvariants BA.2.12.1 and BA.4 in the country as of this time, the Department of Health (DOH) said...

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Recognizing the importance of looking at the future of education in the country and establishing a more holistic and comprehensive approach to planning, the Department of Education (DepEd) will launch its Basic Education Development Plan (BEDP) 2030...

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The Quezon City government has devised an early warning system that can detect and analyze "signals" of a possible Covid-19 surge, the City Epidemiology and Disease Surveillance Unit (CESU) said on Thursday...

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Justice Secretary Menardo Guevarra said Friday that the Department of Justice (DOJ) “upheld the law” and “respected human rights” under his watch...

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Some P10 billion would be needed to lease nearly 100,000 vote counting machines (VCMs) to be used in the national and local polls, Commission on Elections (Comelec) Commissioner George Garcia said Thursday...

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A consumer group has renewed its call for the government to explore ways to cut power rates in the country – this time, asking the incoming Marcos administration to examine closely electricity costs...

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Before stepping down from office, President Duterte was urged yesterday to leave the legacy of setting the P750 national minimum wage...

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A House leader on Thursday vowed to push for a stronger, more attractive framework for public-private partnerships (PPPs) in the 19th Congress, saying that such agreements “will be crucial in building modern and efficient public services during a time of tough fiscal conditions.”...

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The Bureau of Customs (BoC) on Thursday said it exceeded its May collection target by a fifth due to improved valuation and collection efforts as the economy continues to rebound...

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The value of the country's nickel, gold, copper and chromite reserves reached P378.04 billion in 2021, a 32.3-percent increase from the P285.81 billion recorded value in 2020, the Philippine Statistics Authority (PSA) said...

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Local meat processors have urged the Department of Agriculture (DA) to again extend the validity of their import clearances to 90 days from 60, citing worsening global supply chain woes...

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Local mobile network operators could save up to $1.15 billion in terms of capital and operational expenditures until 2025 through infrastructure sharing under the common tower policy, according to a study...

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The Department of Trade and Industry (DTI) expects another round of price hikes in the third quarter as companies file petitions for increases in the suggested retail price (SRP) of their products...

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A senior legislator said public-private partnership (PPP) schemes for infrastructure require more attractive terms to ensure private-sector participation, and promised to reorganize the government’s offerings to help it pursue its public-works agenda in fiscally unfavorable conditions...

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The Financial Stability Coordination Council (FSCC) said it will move to preempt the disruptive effects of emerging systemic risks, especially those caused by any negative developments on the global scene...

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The Philippine Association Of Flour Millers, Inc. (PAFMIL) on Thursday said the increase in the price of bread is due to the higher cost of ingredients and not flour shortage...

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Trade Secretary Ramon Lopez has urged local producers to step up amid the global supply chain disruptions...

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The Federation of Free Farmers (FFF) on Thursday lauded the Senate for deferring its decision to ratify the Regional Comprehensive Economic Partnership (RCEP) to the next Congress...

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