Wednesday, May 20, 2026
Today's Print

Tag: Debt

Citing high inflation, Fitch downgrades Turkey to ‘B+’

WASHINGTON, United States—Fitch Ratings on Friday downgraded Turkey’s debt from BB- to B+ with a negative outlook, citing high inflation and a lack of...

Despite looming P13-T debt, Isko to push projects

With the specter of inheriting an estimated P13-trillion debt, Manila Mayor Isko Moreno Domagoso on Friday said that if elected president, he will finance...

PhilHealth: We owe hospitals P16 billion, not P20 billion

State-run Philippine Health Insurance Corporation (PhilHealth) clarified Friday it owed private hospitals around P16 billion—and not P20 billion as claimed by the Private Hospitals...

Evergrande pays overdue interest on offshore bond

Beijing, China—China’s troubled property giant Evergrande has made a key offshore interest payment a day ahead of a weekend deadline, state media said Friday,...

Government debt climbed to P11.17 trillion as of June

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P11-trillion debt can be paid–Palace

Malacañang said Tuesday the government has the capacity to pay its P11.07-trillion debt, saying the Department of Finance has put in place some measures...

Gov’t debt reached nearly P11T in April

The total outstanding debt of the national government reached P10.991 trillion as of end-April, up by P217.49 billion or 2 percent from the end-March...

IMF, World Bank begin push to swap debt relief for green projects

The idea of forgiving debt held by poor countries in exchange for "green" investments gained ground this week during the spring meetings of the...

Petron to issue US dollar-denominated securities

Oil refiner Petron Corp.  said Thursday it plans to issue US-dollar senior perpetual capital securities as part of capital raising program. “Please be advised that,...

Phoenix board okays plan to sell assets to lower debt

Phoenix Petroleum Philippines Inc. said Wednesday its board granted an authority to the management to negotiate with third parties on the possible sale of...

PhilHealth to settle P265 million due to PRC

The Philippine Health Insurance Corporation (PhilHealth) will pay the Philippine Red Cross (PRC) P265 million in dues this week after its COVID-19 swab testing...

Debt of poorest countries hit record $744 billion in 2019: World Bank

The debt of the world's poorest countries hit a record $744 billion in 2019 prior to the coronavirus pandemic but debt relief is lagging,...

Roxas & Co. restructures P2.6-b debt

Roxas and Co. Inc., the listed holding company of the Roxas Group, said it restructured P2.6 billion worth of debt from three creditor banks. RCI...

Middle-class Chileans protest crushing debt

By Jordane Bertrand  It is not poverty that is driving Chile’s middle class into the streets to join massive protests: it is debt, brought on...
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