PH external debt drops by 1.8% to $72.5 billion in Q2 2017

Sep 17, 2017 - 9:20 PM

The end-June 2017 level is also down by $5.2 billion from the same time last year

FDI net inflows down 61.1% to $874M in April

Jul 10, 2017 - 6:00 PM

The net inflows total 2 4 billion for January to April this year down 32 compared to the 3 6 billion in the same period a year ago

Devanadera cleared in P6-B graft case due to Ombudsman delay

May 17, 2017 - 3:38 PM

The dismissal of the case against the Arroyo time chief government corporate counsel adds to the list of cases dismissed by the anti graft court for probe delays

CLEARED. Former government counsel Agnes Devanadera escapes arraignment on April 20, 2017 due to her urgent motion to quash. She is cleared a little more than a month later. Photo by Lian Buan/Rappler

Duterte, Sison, cyberattack | Midday wRap

May 15, 2017 - 12:27 PM

Watch the midday newscast with David Lozada

Greece, creditors look to debt relief after provisional fiscal deal

May 02, 2017 - 12:39 PM

3rd UPDATE Greece reaches a preliminary deal with its creditors that should pave the way for long awaited debt relief talks the Greek finance minister says

A woman stands by European Union and Greek flags in central Athens on April 21, 2017. Louisa Gouliamaki/AFP

Devanadera also uses 'delay' doctrine in bid to drop P6B graft case

Apr 21, 2017 - 11:30 AM

The urgent motion of former government counsel Agnes Devanadera prompts a Sandiganbayan justice to quip: Are you a Johnny come lately?

Fitch affirms PH investment grade rating at BBB-

Mar 30, 2017 - 2:10 PM

The rating comes with a positive outlook that indicates an upward trend for credit ratings over a one to two year period

IMF says Greece debt 'explosive' in long term

Jan 28, 2017 - 10:49 AM

The pessimistic report though in keeping with the fund s repeated statements on the topic makes it more unlikely the IMF stays on the sidelines of any new European loan deal for Greece

A file photo dated 18 May 2011 showing the sign of the International Monetary Fund at the entrance of the Headquarters of the IMF, also known as building HQ2, in Washington, DC, USA. File photo by Jim Lo Scalzo/EPA

Historic first: 20 gov't loans worth P7.6B up for audit

Dec 23, 2016 - 3:25 PM

A special provision in the newly signed 2017 budget law allows this congressional audit and investigation – the first of its kind in the Philippines

Fitch keeps 'stable' outlook for PH banks in 2017

Dec 13, 2016 - 6:00 PM

Only the Philippines and Vietnam – where economic prospects are brighter – have stable sector outlooks the debt watcher says

WEATHER STORM. Fitch Ratings gives the Philippine banking system a stable 2017 outlook, with domestic demand to remain strong. Image from Shutterstock

Gov't debt drops further in September 2016

Dec 04, 2016 - 10:40 PM

Increased spending and a robust economy contribute to government debt dropping to 44 2 from 44 7 despite a drop in government collections

EU, IMF 'going in circles' on Greek debt relief

Dec 04, 2016 - 3:21 PM

Eurozone finance ministers meet Monday December 5 as far apart as ever on the debt relief measures demanded by the International Monetary Fund IMF for it to back their bailout program for Greece

A man withdraws cash from an ATM machine in Athens on July 19, 2016. Kostis Ntantamis/AFP

Were it not for Marcos, Filipinos today would have been richer

Nov 24, 2016 - 12:28 PM

Millennials earning a monthly income of say P30 000 could instead be earning somewhere between P90 000 to P120 000 today

Money tips for millennials

Oct 23, 2016 - 11:00 PM

Living in the moment doesn t mean going broke Here are tips for making the most of your money to make the most out of life

Duterte's pivot: Are we ready for China's imminent debt crisis?

Oct 22, 2016 - 4:14 PM

Before we embark on ever deeper ties with China it’s imperative that our leaders – starting with the President himself – have a good idea of who we’re dealing with and what exactly we’re signing up for

China flag from Wikimedia Commons

Foreign direct investments in PH up 7% in July

Oct 10, 2016 - 7:30 PM

Total FDI net inflows for the first 7 months of the year reach 4 7 billion according to the Bangko Sentral ng Pilipinas

Debt mountain, weak banks imperil global economy – IMF

Oct 06, 2016 - 7:00 PM

High debt levels are costly as they often end up in financial recessions that are deeper and longer than normal recessions warns IMF Fiscal Affairs Department chief Vitor Gaspar

A man withdraws cash from an ATM machine in Athens on July 19, 2016.  The European Union and Greece hope to reach a deal on the crisis-hit country's debt mountain by the end of the year, EU economic affairs chief Pierre Moscovici said on July 18. An upcoming review of the Greek bailout in the autumn will include bad bank loans and a labour relations overhaul likely to cause social unrest. / AFP PHOTO / Kostis Ntantamis

BNPP: Not about nuclear; it’s about trust and accountability

Sep 21, 2016 - 10:00 AM

The discussion on the Bataan Nuclear Power Plant should not be equated with the discussion of nuclear power feasibility

REOPENING? The administration of President Rodrigo Duterte is mulling reopening the mothballed Bataan Nuclear Power Plant. File photo by Rappler

PH external debt inches up to $77.7 B for H1 2016

Sep 19, 2016 - 5:28 PM

Despite the increase the BSP says the debt stock remains manageable due to substantial international reserves and consistent economic growth

Philippine peso coins and a bank note at a street store in Manila, 10 January 2008.  Jay Directo/AFP/File

PH foreign reserves hit record high of $85.9B in August

Sep 08, 2016 - 4:15 PM

The country s gross international reserves are up by 390 million from their July level due to income from the government s forex operations and income from investments abroad

IMF's Lagarde warns G20 to avoid 'low-growth trap'

Sep 02, 2016 - 12:00 AM

UPDATED Not since the early 1990s has the world economy been so weak for such a long time says the International Monetary Fund s Christine Lagarde

International Monetary Fund Managing Director Christine Lagarde speaks at the Center for Global Development in Washington, DC, July14, 2016, marking the 15th anniversary of the Center. / AFP PHOTO / JIM WATSON

Balanced budget 'impractical' for the PH until 2022 – Diokno

Aug 22, 2016 - 7:10 PM

Philippine economic managers flesh out the proposed P3 3 trillion national budget for 2017 – an amount seen to help free the country from high socioeconomic inequality

NOT FOR NOW. One thing is certain for the Philippine economy in the coming years: deficits are not going away, the economic team of President Rodrigo Duterte tells the House committee. Photos by Chrisee Dela Paz/Rappler

Gov't debt stands at P5.948 trillion in first half of 2016

Aug 08, 2016 - 9:30 PM

Foreign exchange fluctuations and new domestic borrowings push up the debt stock in June but total debt has decreased slightly from the start of the year

#OFWTips: Getting out of bad debt

Aug 03, 2016 - 5:50 PM

Burdened by debt? Here are some tips from wealth expert Vince Rapisura

Briones: PH must prove it deserves to spend more on education

Jul 29, 2016 - 6:55 PM

Even with the education department getting the biggest cut of the budget pie the country is spending only 3 of its GDP on education below international standards

EDUCATION SPENDING. Education Secretary Leonor Briones says the Philippines can only show it deserves to spend 6% of the GDP on education by catching up on commitments to deliver services. Screenshot from Rappler

Foreign direct investments hit $2.2B in April

Jul 11, 2016 - 7:00 PM

April s result means that FDI inflows have hit a combined 3 5 billion for the first 4 months of the year says the BSP

Brexit's direct effect on PH 'not substantial' – NEDA

Jun 28, 2016 - 6:20 PM

From trade to tourism direct Philippine exposure to the United Kingdom s economy is minimal

China's total debt is more than double GDP – gov't economist

Jun 16, 2016 - 7:15 PM

China s borrowings hit 168 48 trillion yuan 25 6 trillion at the end of 2015 equivalent to 249 of GDP according to Li Yang

epa05259576 A Chinese construction worker sits in front of a billboard displaying the China Central Television (CCTV) Tower outside a construction site in Beijing, China, 15 April 2016. China's economic growth slowed to 6.7% in the first quarter of the year compared to the same period last year, according to Gross Domestic Product (GDP) figures released by the government on 14 April. EPA/HOW HWEE YOUNG

Spain's public debt surpasses 100% in 20-year high

Jun 15, 2016 - 7:05 PM

The debt and public deficit are contentious issues as Spain s general elections draw near

epa04559779 (FILE) A file photo dated 08 December 2013 showing people passing Spanish department store El Corte Ingles in Calle Preciados, a popular shopping street in Madrid, Spain. The Spanish economy grew 1.4 per cent last year, Prime Minister Mariano Rajoy said on 14 January 2015, 0.1 per cent more than previous government figures. Spain returned to growth in 2014 for the first time in six years. The economy added 400,000 jobs last year, Rajoy said after meeting Greek Prime Minister Antonis Samaras in Athens. The government hopes the economy will grow more than 2 per cent this year. EPA/VICTOR LERENA

Desperate Indonesian migrant worker pleads for help online as bank chases her for debt

Jun 03, 2016 - 8:29 PM

An Indonesian migrant worker is being chased by a Taiwanese bank after her friend ran away from his debt

IMF: Greece needs 'unconditional' debt relief from EU creditors

May 24, 2016 - 12:50 PM

The International Monetary Fund says creditors should fix interest rates on Greek debt at no more than 1 5

epa05323683 Demonstrators stage a rally in front of the Greek Parliament during a protest in Athens, Greece, 22 May 2016. The demonstration was called by trade unions to oppose an omnibus bill tabled by the government that includes the prior actions required by Greece's lenders to close the program review. EPA/ORESTIS PANAGIOTOU

The time has come to break free from fossil fuel

May 17, 2016 - 3:06 PM

While we have been so active in climate change negotiations we have to match it with actually protecting and conserving our environment We have all the progressive laws and policies but the problem is implementation

PH foreign direct investments hit $936M in Jan-Feb 2016

May 11, 2016 - 12:35 AM

Net FDI inflows in the first two months of 2016 double from a year ago although a slowdown is recorded in February

Briones to candidates: How will you fund promised programs?

Apr 24, 2016 - 8:00 AM

Roxas will not have a problem funding his programs as part of Daang Matuwid But other bets will sure have

CANDIDATE WATCH. Former National Treasurer and Social Watch lead convenor Leonor Briones asks how presidential bets will fund their programs. Photo by Social Watch

Obama issues stark trade warning against Brexit

Apr 23, 2016 - 9:03 AM

US President Barack Obama says Britain is at its best when it is helping to lead a strong Europe

Obama in Britain with royal lunch, Brexit on the menu

Apr 22, 2016 - 8:30 AM

Britain s departure from the EU – a so called Brexit – could have deep ramifications for Washington s special relationship with London

OBAMA IN BRITAIN. US President Barack Obama disembarks from Air Force One at London Stansted Airport, Britain, April 21, 2016. Photo by Hannah Mckay/EPA

Greece says 'close' to deal with creditors

Apr 13, 2016 - 8:44 AM

Greece says it is very close to clinching a deal with its international creditors despite a suspension in a tough round of talks on the country s latest reforms

European Union and Greek flags fly in central Athens on July 4, 2015. Louisa Gouliamaki/AFP

Puerto Rico lawmakers vote to stop loan repayments

Apr 06, 2016 - 3:52 PM

Governor Alejandro Garcia Padilla backs the bill to stop the loan payments as what he sees as the best way to guarantee services for the 3 5 million residents of the US territory in the Caribbean in the absence of a US bailout

Argentina passes bill to end 15-year debt battle

Mar 31, 2016 - 3:32 PM

The vote clears the final legislative hurdle for the deal and paves the way for the government to pay off creditors that rejected Argentina s efforts to restructure its mountain of defaulted debt

DISCUSSING DEBT. Argentine senators debate the status of debt with several creditors in Buenos Aires, Argentina, March 30, 2016. Sturla Fernando/EPA

PH external debt rises to $77.5 billion as of end-2015

Mar 21, 2016 - 8:50 PM

Despite the increase key external debt indicators remain at comfortable levels at the close of the year says the BSP

Filipinos good short-term savers, but rank high in debt – poll

Mar 07, 2016 - 2:10 PM

Despite being cautious in managing their finances around 4 in 10 Filipino investors carry debt

MOST INDEBTED. More than 80% of Filipino investors have high levels of personal debt. Shutterstock photo

Indian banks petition court for liquor baron's arrest

Mar 05, 2016 - 7:23 PM

Indian banks are after Vijay Mallya who owes more than 1 billion to state run banks and creditors

DEBT. A group of banks is set to sue Vijay Mallya – once known as 'India's Richard Branson' – for defaulting on his debts. Photo by Jagadeesh Nv/EPA

Marcos years marked 'golden age' of PH economy? Look at the data

Mar 05, 2016 - 5:27 PM

The notion of a golden age of the Philippine economy under the Marcos regime especially during its latter years is a big fat lie

Improving efficiency in infra key to PH growth – economist

Mar 02, 2016 - 4:38 PM

An IMF economist says the Philippines could see significant growth if it ensures better public investment efficiency

#AskTheTaxWhiz: How passive income is better than compensation income

Mar 02, 2016 - 2:30 PM

Learn more about taxes on documents new rules for financial statements and how being an entrepreneur or investing means being taxed less in the long run

HABIT. People often go back to their usual habit of living paycheck to paycheck because they do not follow a saving plan. Shutterstock photo

Argentina, 'vulture' funds end 15-year debt battle

Mar 01, 2016 - 11:02 AM

UPDATED The deal opens the door for the South American country to escape financial pariah status

Argentine bank notes pictured on December 7, 2011 in Buenos Aires. Daniel Garcia/AFP

Purisima to critics: PH debt position 'best in 18 years'

Feb 21, 2016 - 12:31 AM

By virtually any sensible measure we are much better off today than we were 6 or even 18 years ago with the earliest comparable annual debt data says the finance secretary

FDC calls Aquino 'biggest loan addict' among leaders since 1986

Feb 20, 2016 - 8:59 AM

3rd UPDATE An official of the Department of Finance however refutes the civic group s claims saying that debt indicators are at the best they have ever been since 1986

'BIGGEST BORROWER.' Activist Freedom from Debt Coalition says Aquino's social debt in education and health alone already amounts to P7 trillion ($146.99 billion). Photo by Benhur Arcayan / Malacañang Photo Bureau

PH election surveys, Pacquiao’s retirement, Kobe Bryant | 6PM wRap

Feb 15, 2016 - 8:19 PM

Watch Rappler s 6PM newscast with Zak Yuson

National debt at P5.954 trillion, up 3.8% from 2014 levels

Feb 04, 2016 - 6:51 PM

Despite the nominal increase debt in proportion to the country s GDP declined to 44 8 in 2015 from 45 4 in the previous year