National Government borrowings reach P624 billion in 1st quarter The national government’s borrowings in the first quarter tripled to P623.6 billion following the issuance of Retail Treasury Bonds (RTBs) to small investors last March, according […]
NG debt hits P7.79T as of April The national government’s outstanding debt stood at P7.79 trillion as of end-April 2019, 13.3 percent up from its year ago level due to higher domestic and foreign loans. […]
PH, Japan bare 26 business deals amounting to ₱288-B The Philippines and Japan have announced 26 deals amounting to ₱288.8 billion in estimated investments during President Rodrigo Duterte’s visit to the East Asian country. — […]
Gov’t maps out financial strategy vs global shocks An inter-agency council has prepared a roadmap that would allow the Philippines to survive external shocks brought about by the possible global growth slowdown. — The Philippine […]
ADB approves 300 mln USD loan to support Philippine education The Asian Development Bank (ADB) has approved a 300-million-U.S. dollar loan to support the Philippine government’s efforts to achieve inclusive growth by improving access to […]
Govt set to submit record P4.1-t budget to Congress The Budget Department plans to submit to Congress a record P4.1-trillion national government budget for 2020 on the same day President Rodrigo Duterte delivers his fourth […]
‘Hot money’ outflows dip to $299M in April FOREIGN portfolio investments or “hot money” net outflows reached $298.83 million in April, lower than March’s $739 million and reversing the $279.29-million inflow posted a year ago, […]
Bulwark against Duterte falls in Philippines vote: Final results Allies of President Rodrigo Duterte stormed to a landslide victory in midterm polls, final results showed Wednesday, dissolving a last bulwark against his controversial rule. — […]
Neda committee changes scopes of 3 infra projects The National Economic and Development Authority Board’s Investment Coordination Committee-Cabinet Committee chaired by Finance Secretary Carlos Dominguez III approved on May 17 the changes in three infrastructure […]
BoP swung to a surplus of $4.27b in four months The country’s balance of payments posted a surplus of $467 million in April, a reversal of the $270-million deficit recorded a year ago, buoyed by […]
Malacanang nixes foreign funding of PH media Malacañang is opposed to the foreign funding of some media entities especially when such resources are supposedly used to “demonize” the government. — Tempo Economic cluster to review […]
Powering up & switching on: TFSEP2019 to focus on Philippines energy security Like many other Asean member states the Philippines is rapidly running out of electricity. Demand is expected to more than double to more […]