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Category: economy

Gov’t debt service surged by 257% in Aug. to P664.7B

The government’s debt service burden more than tripled in August, driven by higher amortization payments following a mammoth settlement of maturing bonds. Debt payments surged by 257 percent year-on-year to P664.7 billion, according to the latest cash operation report of the Bureau of the Treasury. This brought the eight-month tally to P1.54 trillion, nearly flat

Japan’s Elderly Forced to Pay 20% of Medical Costs from October

From October, a new policy has come into effect requiring some people aged 75 and over to pay 20% of their medical costs at the counter, doubling the previous burden for many elderly patients. For those living on pensions, the increased costs are squeezing already tight household budgets and fueling concern about how to manage daily life.

Japan’s Elderly Forced to Pay 20% of Medical Costs from October

From October, a new policy has come into effect requiring some people aged 75 and over to pay 20% of their medical costs at the counter, doubling the previous burden for many elderly patients. For those living on pensions, the increased costs are squeezing already tight household budgets and fueling concern about how to manage daily life.

Japan’s Elderly Forced to Pay 20% of Medical Costs from October

From October, a new policy has come into effect requiring some people aged 75 and over to pay 20% of their medical costs at the counter, doubling the previous burden for many elderly patients. For those living on pensions, the increased costs are squeezing already tight household budgets and fueling concern about how to manage daily life.

Lawsuit seeks to stop Trump’s $100,000 fee for H-1B visas

SEATTLE, Washington — In what appears to be the first major challenge to the new $100,000 fee required for H-1B visa applications, a coalition of health care providers, religious groups, university professors and others filed a federal lawsuit Friday to stop the plan, saying it has “thrown employers, workers and federal agencies into chaos.” President Donald Trump

Philippines set to benefit as IFC invests $25M in infra fund

MANILA, Philippines — The Philippines is expected to benefit from a $25-million investment from the International Finance Corp. (IFC). The outlay is intended for an infrastructure fund launched by Singapore-based Seraya. Projects are related to digital networks and renewable energy. The private-sector focused unit of the World Bank Group disclosed this on Oct. 2. The