BoB keeps hawk-eye on household debts
Friday, August 29, 2014
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Statistics show that as at May this year, households owed P23.4 billion to commercial banks, rep- resenting 56.3 percent of the total credit.
In a review of the 2014 Monetary Policy Statement released this week, the central bank said the level of household debts is relatively high although default rates are still within satisfactory levels.
The BDP as a party known to have ample resources has always held its primaries well in time, but this time around that was not the case. The first leg of the primaries was held last weekend, with the final leg being billed for the coming weekend. This time around, the BDP failed to shine in its primary elections. The elections were chaotic; most if not all polling stations didn't open at the specified time of 6am. Loyal BDP members braved the...