Philippines vows no default on debt payments
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The Philippine presidential palace vowed Tuesday there would be no default on debt payments although President Gloria Macapagal-Arroyo admitted the country was in the midst of a &quot;fiscal crisis.
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SANTIAGO, Chile (Dow Jones) - The Philippine government is poised to tap debt markets to raise money for loss-making National Power Corp.
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President Arroyo acknowledged for the first time yesterday that the Philippines is in a &quot;fiscal crisis&quot; and urged the public to prepare for &quot;pain,&quot; as economists warned of debt default within three years.
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Philippine President Gloria Arroyo vowed the country will never default on its debt repayments, as she found herself embroiled in a public row with key economic advisers following her declaration that Manila was in a "fiscal crisis".
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President Gloria Arroyo acknowledged for the first time Monday that the Philippines was now in a &quot;fiscal crisis&quot;, as economists warned of an Argentinian-type debt default within the next three years.
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The Bank of Japan opts to keep interest rates unchanged at 0.5% for the seventh month in a row.
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President Arroyo has asked her economic managers to lay the groundwork for the declaration of an âunsustainable public deficitâ which will allow the national government
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Philippine President Gloria Arroyo said the country would not default on its debt repayments even if the country were in the midst of a fiscal crisis.
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BUENOS AIRES, Argentina  - On the cusp of  Argentina's historic $102.6 billion debt restructuring, the  government on Wednesday warned investors the offer is final and  will never be improved or repeated.
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Philippine President Gloria Macapagal-Arroyo Thursday expressed confidence in the country&#39;s economy outlook and called all sectors not to be off the track in the major economic reforms.
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Philippine government officials strongly dismissed allegations on Monday that a witness in a controversial multi-million dollar telecoms deal was "kidnapped" to stop him from testifying in a Senate inquiry.
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TOKYO (CBS.MW) -- Moody&#39;s Investors Service said Tuesday it has placed on review for possible downgrade the Philippines&#39; long-term foreign- and local currency ceilings and ratings due to concerns over the sustainability of the government&#39;s fiscal and debt
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The Philippines is likely to call off the search for bodies from a sunken passenger ferry after military divers found no corpses in the hull, an army official said on Sunday.
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The president vowed on Tuesday to forge ahead with a major military offensive against Muslim militants in the southern Philippines that is believed to have been the motivation for deadly bombings in three cities.
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Argentina will issue up to $41.8 billion in new bonds as part of its world-record swap of $100 billion in defaulted debt, Economy Minister Roberto Lavagna told reporters on Monday.
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The government of the Philippines  cannot appeal a victims' class-action settlement against the  estate of former ruler Ferdinand Marcos, the U.S. federal  appeals court ruled on Tuesday.
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MALACAÃANG said on Monday that it was holding on to former President Joseph Estrada&#39;s words that he would return to the country and would not use his trip to Hong Kong to escape prosecution.