Impasse on proposed 2019 budget ends; Congress sends spending bill to Palace The deadlock on the proposed ₱3.757-trillion 2019 budget was finally broken on Tuesday, with Senate President Vicente “Tito” Sotto III signing the enrolled […]
External debt service up 5.4% in 2018 at $7.7 B The Philippines’ external debt service burden rose by 5.4 percent in 2018 to $7.704 billion from $7.309 billion in 2017 as public sector borrowing to […]
China could seize gas in Reed Bank if PH can’t pay loans – Carpio The Philippines should be wary about the Chico River Pump Irrigation Loan Agreement because it could potentially allow China to take […]
Ex-PH officials bring China’s Xi to Int’l Criminal Court Two former Philippine officials and a group of fishermen filed a complaint against Chinese President Xi Jinping before the International Criminal Court (ICC) for crimes against […]
House clears 2019 budget hurdle THE LEGISLATIVE DEADLOCK over the P3.757-trillion national budget for 2019 appears finally headed for resolution, with the House of Representatives “physically retrieving” on Wednesday the copy it transmitted to the […]
PHL posts BOP surplus of $467 million in February THE Philippine economy continued to earn dollars in February due mainly to gains from the foreign-exchange operations of the Bangko Sentral ng Pilipinas (BSP), the government […]
Budget surplus reaches P44.5b as spending falls The government posted a budget surplus of P44.5 billion in January, or more than four times higher than the P10.2-billion surplus recorded a year ago, as revenues rose […]
Philippines out of ICC amid drug war inquiry The Philippines was officially out of the International Criminal Court on Sunday, though the beleaguered tribunal has pledged to pursue its examination of alleged illegal killings in […]
‘Hot money’ flowed into PHL for second straight month FOREIGN investors continued to place “hot money” in the Philippines in February, as the latest data from the Bangko Sentral ng Pilipinas (BSP) showed sustained foreign […]
Philippines cuts 2019 GDP growth target, cites budget squabble The Philippines on Wednesday cut its 2019 GDP growth target to 6-7%, from 7-8%, citing a delay in final legislative approval of the budget, and the […]
Palace: Duterte, Congress leaders to resolve budget CONGRESS LEADERS were scheduled to meet last night with President Rodrigo R. Duterte to discuss the impasse between the Senate and the House of Representatives on the proposed […]
Philippines gets $9.8 billion FDI in 2018, posts first drop in three years Foreign direct investment (FDI) in the Philippines fell for the first time in three years in 2018 to $9.8 billion, nearly 4.5 […]