P13 trillion debt and how to pay it: The monster awaiting Bongbong Marcos
Think tank Ibon Foundation said the government has to choose from borrowing more, spending less and increasing taxes to generate income and pay off debts.
Philippines
Philippine restaurants struggle to source supply, meet demand
Industry experts propose this may persist as pandemic lockdowns in China – a critical trans-shipment hub – disrupt logistics while the Ukraine invasion cuts access to food…
Philippines protests China’s fishing ban extending to Philippine waters
China’s annual summer fishing prohibition covers waters down to the 12th parallel of the South China Sea, including the Paracel Islands near Vietnam and Panatag (Scarborough)…
Students back to campuses by August: Education department
The Philippines was the last country to reopen its schools in November last year for the conduct of physical classes amid the Covid-19 pandemic.
Marcos stand on West Philippine Sea a ‘welcome sea change’: Carpio
The South China Sea, which includes the West Philippine Sea and parts of the country’s EEZ, straddles one of the world’s busiest sea lanes atop what is believed to be large…
Investors anticipating Philippines growth blueprint from new economic team
incoming Finance Secretary Benjamin Diokno has said he would prioritize the implementation of existing tax measures over pushing for new tax laws when he takes over as Secretary…
Marcos to assert Hague ruling against China’s claim on South China Sea
Rresident-elect Ferdinand Marcos Jr. also said that he would not “allow a single millimeter of our maritime coastal rights to be trampled upon.”
Philippines to sink 250 billion pesos deeper in debt in last days of Duterte presidency
Of the Philippines’ record-high debt pile of P12.68 trillion as of end-March, 69.9 percent of total, or P8.87-trillion, were domestic obligations.
Marcos Jr. admin’s first full-year budget: A record P5.268 trillion in 2023
The Budget Officer-in-Charge Secretary also approved a bigger 2023 budget, stating it was considering that economic activity will continue to pick up over the coming years.
Commission of Human Rights stands by ‘drug war’ report: We only fulfilled our mandate
Earlier, the government’s anti-insurgency task force accused the commission of “demonizing” the government while presenting an “incomplete” picture of the anti-illegal…