by Teuvo Tuomi | Dec 14, 2024 | News, Business, Economy, Thailand
Thailand’s Finance Ministry plans to launch an ambitious debt relief initiative titled “You Fight, We Help”, targeting retail debtors, homeowners, car owners, and small businesses. The project has already been approved by the Cabinet. “We recognize the...
by Teuvo Tuomi | Jul 9, 2023 | Economy, News, Philippines
Philippine President Ferdinand Marcos has written off $1.04 billion in land-related debt owed by more than half a million farmers. The “New Agrarian Emancipation Act” waives all property-related debt owed by farmers who had been given land on 30-year payment terms...
by Teuvo Tuomi | Mar 20, 2023 | Philippines, Business, Economy, News
The external debt of the Philippines rose by 4.5% and hit a record high of $111.27 billion last year, as both the national government and the private sector borrowed more from offshore creditors, according to the Bangko Sentral ng Pilipinas. BSP Governor Felipe...
