philippine news

Dec 2, 20081

How long, how deep is the US recession?

Rob Lever
Agence France-Presse

WASHINGTON, United States — The United States officially joined the ranks of the recession-hit economies, but debate is still raging on how long and how deep the downturn will be.

The Business Cycle Dating Committee of … Read the rest

Nov 30, 20080

Financial markets: Growing unpaid debts

Aurelio O. Angeles
Philippine Daily Inquirer

(Conclusion)

WHAT DOES it mean to the people of the United States when their economy’s current account has been on deficit not just for a year, but for 31 years?

Here are thoughts that … Read the rest

Nov 30, 20080

Global crisis: Costs and responses

Cielito Habito
Philippine Daily Inquirer

THE THIRD QUARTER GDP growth figures are out, and the numbers are as everyone expected. The economy has slowed down in the face of the shocks from abroad, and what kept it from slowing down … Read the rest

Nov 20, 20080

Dividends remitted by state-run firms down to P5.41B in Jan-Oct

Iris C. Gonzales
Philippine Star

Dividends remitted by state-run firms to the National Government (NG) declined to P5.41 billion from January to October this year, a P3.46 billion decline from the P8.87 billion recorded in the same period last year, … Read the rest

Nov 15, 20080

Top 10 Tips for Digging Out of Debt

Union Debt Help

Paying off debt is a matter of making more money than you spend, and then allocating the extra funds to outstanding balances — easier said than done, right? To some it may be just that easy, but … Read the rest

Nov 10, 20080

Banks, credit card firms urged to scrap fees

Jess Diaz
Philippine Star

Cebu Rep. Eduardo Gullas urged credit card issuers, including banks, to immediately do away with annual membership fees and unnecessary charges.

“Issuers no longer have any excuses to continue penalizing credit cardholders with oppressive extra fees … Read the rest

Nov 10, 20080

Rate cut can trigger capital flight

Des Ferriols
Philippine Star

Monetary officials said cutting interest rates at this time could trigger capital flight that would further weaken the peso at a time when the central bank is also concerned with market liquidity, corporate solvency and economic … Read the rest

Oct 3, 20080

Teves sees P50-B budget deficit for this year

Updated October 03, 2008 12:00 AM

The government may have a budget deficit of P50 billion this year, lower than the target of P75 billion, if planned asset sales prove successful, the Finance Secretary Margarito Teves said yesterday.

“The best … Read the rest

Oct 1, 20080

Private loans push RP foreign debt stock up to $54.8 B

Des Ferriols
Philippine Star

The increase in the foreign borrowing of the private sector led to a slight increase in the country’s foreign debt to $54.8 billion as of end-June but the Bangko Sentral ng Pilipinas said the external debt … Read the rest

Oct 1, 20080

RP banks’ exposure to soured assets amounts to P60 B

Des Ferriols
Philippine Star

The total exposure of banks in assets that were hit by the US crisis amounts to roughly P60 billion, but monetary authorities said the amount is well within the capacity of the industry to handle.

The … Read the rest

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