News: PH debt hit fresh record high

Tuesday, September 3, 2024

PH debt hit fresh record high

September 4, 2024

ECONOMY

PH debt hit fresh record high of P 15.69T in July

Government debt rose to a new high of P15.69 trillion at the end of July, primarily driven by the issuance of new government securities and project loans. The growth, however, was partially offset by a stronger peso, the Bureau of the Treasury (BTr) said on Tuesday.

By Mariedel Irish U. Catilogo

MONEY MATTERS

Why Biblical stewardship is a good financial decision

Many are looking for ways to make sound financial decisions, seeking advice from financial advisors, reading numerous books on wealth creation, watching a lot of videos and investing in various schemes. While these approaches may offer valuable insights, there is an ancient source of wisdom that provides timeless financial guidance: the Bible.

By Randell Tiongson

ECONOMY

S&P keeps 5.8% PH GDP growth forecast for 2024

Debt watcher S&P Global Ratings has kept its forecast of a 5.8-percent growth in the Philippines' gross domestic product (GDP) this year and 6.1 percent in 2025, on hopes private consumption will pick up. Both forecasts, however, are still below the government's 6 to 7 percent and 6.5 to 7.5 percent growth targets for 2024 and 2025, respectively.

By Mariedel Irish U. Catilogo

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BIZ BUZZ

UnionBank-Citi honeymoon 'better than expected'

Two years since taking over Citibank Philippines' consumer and retail banking businesses—for which a P45-billion premium was paid —incoming Union Bank of the Philippines CEO Ana Maria Aboitiz-Delgado is happy with how the proverbial knot has been tied.

By Doris Dumlao-Abadilla

INQUIRER PLUS-EXCLUSIVE

Direct Manila-Paris flights eyed before end of 2024

Filipinos may be able to hop on a direct flight to Paris before the year ends as the Philippine government finalizes its talks with the French counterpart—a move that is seen to beef up tourism between the country and Europe. Transportation Secretary Jaime Bautista, in an event at the French Residence in Makati on Tuesday, said they would "make some announcements maybe in a few weeks."

By Tyrone Jasper C. Piad

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