Debt

Read more here.

by Ian Nicolas Cigaral (Philstar.com), 2 Feb 2021 MANILA, Philippines — Soured consumer loans held by banks soared to their highest level in nearly a decade as of the third quarter last year, as several households struggled to pay debts after a pandemic-induced recession threw job markets into turmoil

By Ian Nicolas Cigaral(Philstar.com), 2 Feb 2021 MANILA, Philippines (UPDATE 7:56 a.m., Feb. 3) — Soured consumer loans held by banks soared to their highest level in nearly a decade as of the third quarter last year, as several households struggled to pay debts after a pandemic-induced recession threw job markets into turmoil.

by Lawrence Agcaoili (The Philippine Star), 24 Oct 2020 MANILA, Philippines — Foreign borrowings by the national government surged by 44.2 percent to $13.14 billion in the nine months to September as the country turned to the offshore debt market for more funds to bankroll key infrastructure projects and to control the COVID-19 pandemic.

by Lawrence Agcaoili (The Philippine Star), 30 Sep 2020 MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has approved the guidelines of a new law extending a 60-day grace period for the repayment of all existing loans to ease the burden of consumers and companies severely affected by the COVID-19 pandemic.

by Lawrence Agcaoili (The Philippine Star), 20 Sep 2020 MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has directed banks and other financial institutions to immediately comply with the provisions of a new law including the 60-day reprieve on loan payments amid the coronavirus disease 2019 or COVID-19 pandemic.

MANILA – Philippines companies racked up debt faster than their Asean peers in the last seven years. In a report released today, Standard and Poor’s (S&P) said 17 of the Philippines’ biggest companies nearly tripled their debt holdings between 2008 and the first quarter of 2014.

MANILA, Philippines – The country’s external debt rose to $59.8 billion as of end-September 2010, 4.4 percent higher than the $57.3 billion recorded as of end-June, Bangko Sentral ng Pilipinas Governor Amando M. Tetangco Jr. reported yesterday.