National Government outstanding debt

Source: BusinessWorld

The national government’s outstanding debt stood at P13.42 trillion at the end of 2022, easing from the previous month’s record high and helped in part by the peso appreciation against the US dollar, the Bureau of the Treasury (BTr) said on Thursday...

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The United States and the Philippines announced a deal Thursday to give US troops access to four more local military bases...

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Strong domestic demand may help support Philippine economic growth this year despite a potential global recession, according to the United Nations (UN)...

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Filipinos may get some reprieve from the high cost of imports as the peso strengthened against the United States dollar on Thursday, according to data from the Bankers Association of the Philippines (BAP)...

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The Anti-Red Tape Authority (ARTA) will assist in the streamlining of processes and requirements to ease out regulatory constraints on importation and exportation in the processed food sector...
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Could humanity finally be gaining the upper hand in our age-old fight against cancer?..

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Newly appointed Social Welfare Secretary Rexlon T. Gatchalian on Thursday vowed to fix logistical issues affecting the government’s aid distribution, which he said should be further decentralized...

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The United States and the Philippines announced a deal Thursday to give US troops access to four more local military bases...

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The future of the Philippines will always involve the United States (US), President Ferdinand Marcos Jr. said Thursday, as he cited the "terribly complicated" geopolitical developments in the Asia-Pacific region...

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Chinese maritime militia vessels shadowed a Philippine Navy ship in areas in the West Philippine Sea that are well within the country's exclusive economic zone (EEZ), surveillance reports showed...

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Members of progressive organizations on Thursday protested against a military agreement between the Philippines and the United States that allows American troops to use Filipino military camps and called for its outright abolition...

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The Philippines has given the United States greater access to its military bases, their defense chiefs said on Thursday, amid mounting concern over China’s increasing assertiveness in the disputed South China Sea and tension over self-ruled Taiwan...

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The Philippine-United States (US) alliance is “rock solid,” Foreign Affairs Secretary Enrique Manalo said on Friday.

Manalo made the remark after he met with US Defense Secretary Lloyd Austin, who visited Manila...

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A committee of major oil producers recommended Wednesday to maintain OPEC's (Organization of Petroleum Exporting Countries) current reduced output strategy as the global economic outlook remains uncertain and the war in Ukraine drags on...

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The Pentagon said Thursday that it was tracking a Chinese spy balloon flying high over the United States that appeared to be surveilling highly sensitive nuclear weapons sites...

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The US Federal Reserve (Fed) slowed its pace of interest rate hikes Wednesday (Thursday, Manila time), tempering an aggressive campaign to rein in costs as inflation cools, but signaled the battle was not yet over...

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Ukrainian President Volodymyr Zelensky urged European leaders visiting Kyiv on Thursday to pile more sanctions on Russia, where President Vladimir Putin evoked a famous World War Two victory over the Nazis to rally his nation...

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Russian Foreign Minister Sergey Lavrov on Thursday accused the West of wanting to inflict a lasting defeat against Moscow and lashed out against European Union chief Ursula von der Leyen as she visited Kyiv...

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Ukrainian President Volodymyr Zelensky said Thursday his war-torn country deserved to start EU accession talks “this year”...

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Google and Apple on Thursday reported downbeat results for the last quarter of 2022 as Amazon beat expectations, but warned that the coming months would be uncertain in a difficult moment for Big Tech...

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The Chinese embassy in Manila issued the statement Thursday hours after visiting US Defense Secretary Lloyd Austin III said reaffirming commitment to the 1951 PH-US Mutual Defense Treaty was important as, “China continues to advance their illegitimate claims in the West Philippines Sea”...

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Chinese Foreign Minister Qin Gang and his Japanese counterpart Yoshimasa Hayashi discussed disputed islands in the East China Sea on Thursday, with both expressing concerns and Qin hoping Japan could stop “right-wing” provocations...

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China said on Friday that cross border travel between the mainland, Hong Kong and Macau would fully resume from Feb. 6, dropping existing quotas and scrapping a mandatory COVID-19 test that was required before traveling...

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Tesla Inc’s board had no obligation to review CEO Elon Musk‘s 2018 tweets announcing a bid to take the electric car maker private, which investors allege were fraudulent, two independent directors testified at trial on Wednesday...

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French railway worker Franck Viger-Brunet says he and his comrades have to count carefully the costs of going on strike to force President Emmanuel Macron to back down on plans to hike the retirement age by two years to 64...

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Entrepreneurship advocate Jose Maria "Joey" Concepcion 3rd on Thursday backed the decision of President Ferdinand Marcos Jr. to not extend the state of public health emergency in the country...

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Trust in the Bangko Sentral ng Pilipinas (BSP) and its effectiveness as a regulator will be put at risk if the government pushes through with its plan to establish a sovereign wealth fund, economists and businessmen said...

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The quality of education that future teachers are getting needs a lot of improvement as more than half of the schools training them fare poorly in the annual licensure exams for educators, a private sector-led advocacy group said on Thursday...

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A newly formed advocacy group on Wednesday is pushing for the expansion of the Department of Education’s voucher program for senior high school students to include those in kindergarten and elementary levels...

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Malacañang on Thursday said President Marcos has secured an investment commitment from ride-hailing service Grab that could translate into 500,000 jobs...

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Out of the 2.5 million new voters who signed up in the past seven weeks, less than 9,000 availed of the “Register Anywhere” system introduced by the Commission on Elections (Comelec)...

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Social Welfare Secretary Rex Gatchalian said he is looking at reviving the food stamps program to address the hunger problem among poor Filipinos..

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Residents of Sibuyan Island in Romblon province continued to barricade the port of a local mining firm on Thursday to stop its trucks from hauling nickel ore as antimining groups asked the national government to stop mineral extraction on the island...

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The Supreme Court (SC) has upheld an appeals court decision that rejecting a seafarer’s claim for permanent disability benefits after he was diagnosed with sleep apnea, hypertension, diabetes and tonsilitis...

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The National Economic and Development Authority (NEDA) board has approved a plan to build a P6-billion Cancer Center in the Philippine capital — the first public-private partnership (PPP) under the Marcos government, according to the presidential palace...

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The Bureau of Internal Revenue (BIR) on Thursday filed 74 tax evasion complaints totaling P3.5 billion against several companies before the Department of Justice (DoJ)...

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The Anti-Red Tape Authority (ARTA) will help streamline the processing of permits required to export and import processed food, addressing concerns raised by a public-private trade council...

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The head of the Department of Environment and Natural Resources (DENR) on Thursday said the agency lacks the budget and manpower needed to mitigate the impact of climate change and boost environmental protection efforts across the country...

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The Asian Development Bank (ADB), in partnership with Department of Trade and Industry, launched SkillsUpNet Philippines (SUNPh), which gave grants to five enterprises based in Bicol, Davao and Cebu as part of the government's National Employment Recovery Strategy 2021-2022...

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The National Economic Development Authority (Neda) Board, which is chaired by President Ferdinand “Bongbong” Marcos Jr., has approved seven “high-impact” projects under the Marcos administration...

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Onion farmers were able to sell P2.6 million worth of their harvests as the Department of Agriculture (DA) directly linked them to consumers and institutional buyers since September last year...

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The Department of Agriculture-Cordillera Administrative Region (DA-CAR) is yet to receive significant damage reports on crops amid the presence of frost starting this week, particularly in the higher elevations of the provinces of Benguet and Mountain Province as shared on social media...

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The Philippine property sector’s recovery is expected to continue this year, as business process outsourcing (BPO) companies drive office space demand, Colliers said on Thursday.

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The Philippines could generate about 500,000 jobs after getting an investment commitment from Grab Holdings, Inc., according to the presidential palace...

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The peso yesterday pierced the 53 to $1 mark to hit its strongest level in more than seven months as it joined other currencies in cheering the softer 25-basis-point hike delivered by the US Federal Reserve that signals a possible end to the interest rate hiking cycle...

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A P29-billion budget is needed to deliver electricity in all households nationwide in the next five years, the National Electrification Administration (NEA) said on Thursday...

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The Bangko Sentral ng Pilipinas (BSP) on Thursday said it is pursuing several reforms, including a simplified licensing framework for unit investment trust funds (UITFs) to support the fund and asset management sector...

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MUFG Global Markets Research expects the peso to continue strengthening against the dollar throughout the year with import bills less likely to weigh it down and a reduction in commodity prices...

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The Asian Development Bank (ADB) and the National Government on Thursday awarded service-training grants to five networks of enterprises through the SkillsUpNet Philippines (SUNPh) program...

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Nearly 7 million Filipinos owned cryptocurrency accounts nationwide, placing the country eighth among the number of crypto owners, according to London-based research firm CoinJournal...

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