Congress fails to pass 2019 budget bill Lawmakers adjourned their session for their month-long Christmas vacation without approving the proposed P3.757-trillion national budget for next year. — The Philippine Star 7.2-M foreign tourists seen by […]
Infra spending up 50% in 10 months Construction of more roads, health facilities, school buildings as well as local projects in Mindanao nearly doubled the national government’s infrastructure expenditures in October to P94.4 billion, Budget […]
FDI net inflows climbed 24.2% to $8b in 3 quarters Net inflows of foreign direct investments climbed 24.2 percent in the first three quarters to $8 billion from $6.5 billion a year ago, as investors […]
ADB agrees to lend $7.5 billions in loans to Philippines over 3 years Multilateral lender Asian Development Bank said Monday it will extend loans of up to $2.5 billion annually to the Philippines, or a […]
External debt service up 10.46% The country’s external debt service burden increased by 10.46 percent year-on-year to $5.238 billion as of end-August from $4.742 billion same time in 2017, according to data from the Bangko […]
Foreign investment pledges rise 6.5% to P45.9 billion in Q3 Foreign investment pledges approved by the country’s investment promotion agencies rose 6.5 percent in the third quarter, the Philippine Statistics Authority (PSA) reported yesterday. — […]
November inflation eased to 4-month low of 6%—PSA Inflation eased to a four-month low of 6 percent in November from a nine-year high of 6.7 percent in October, on slower increases in food and fuel […]
‘Philippines to miss growth targets in 2018 and 2019’ Sun Life of Canada (Philippines) Inc. expects the Philippines to miss its economic growth target for this year and next. — The Philippine Star Recto bares […]
Treasury: National government debt jumped P666b to P7.17t in October Outstanding national government debt jumped P666 billion or 10.2 percent over a 12-month period to P7.17 trillion as of October, data from the Treasury show. […]
MCIA-T2: $330 bln terminal boosts visitor arrivals and airport experience (video) A spectacular second terminal at Cebu airport not only raises Philippines’ airport infrastructure to world-class standards, but is also driving international and domestic tourism […]
Philippines gets $300 million PPP infrastructure loan The Asian Development Bank (ADB) approved a $300 million loan on August 20 to support the Philippines’ efforts to strengthen private sector participation in the government’s “Build, Build, […]
Govt spent P571b for infra projects in first nine months Finance Secretary Carlos Dominguez III said Wednesday he welcomes the plan of Congress to conduct an inquiry on the alleged underspending by the Duterte administration, […]