Gov’t borrowings reach P947 B in 2018 The national government’s total borrowings rose to P947.55 billion in 2018 as it increased its credit from foreign lenders and other development partners, according to the Bureau of […]
Foreign reserves rise to 28-month high of $82.9 billion The gross international reserves climbed to $82.9 billion in February, the highest in 28 months, boosted by the inflows from the foreign exchange operations of the […]
Fire leaves 450 families homeless in Quezon City, the Philippines Residents search for belongings from their charred homes after a fire at a residential area in Quezon City, the Philippines, March 6, 2019. Around 150 […]
Gov’t hits target with slower 3.8% inflation in February Philippine inflation further slowed to 3.8 percent in February 2019, the Philippine Statistics Authority said on Tuesday. — CNN Philippines 37 of 75 flagship infra projects […]
Government debt rose to P7.5 trillion as of January The government’s outstanding debt surged P768 billion or 11.4 percent to P7.494 trillion as of end-January from P6.726 trillion a year ago, data from the Bureau […]
Philippine measles epidemic tops 14,000 cases The number of cases of measles in the Philippines has exceeded more than 14,000 and the count is still rising even as the government steps up its campaign against […]
Foreign investment pledges surge in fourth quarter of 2018 Foreign investment pledges approved by the country’s seven investment promotion agencies rose by 322 percent year-on-year in the fourth quarter of 2018, with half of the […]
Metro Manila Subway breaks ground in Valenzuela The Metro Manila Subway Project, a 36-kilometer underground railway system dubbed as the “project of the century,” broke ground Wednesday. — Manilastandard.net In less than two months, measles […]
Duterte offers Filipino citizenship to Rohingya refugees President Rodrigo Duterte on Tuesday offered Filipino citizenship to Rohingya refugees as he reiterated his willingness to accept them into the country. — GMA News ‘Seeded in social […]
Govt eyes P4.25-T budget for ’20 on infra spending hike THE government is eyeing a P4.249-trillion national budget for 2020, as the Philippines continues to ramp up infrastructure spending, economic managers told Japanese business leaders. […]
Gov’t tax effort improved to 20-year high in 2018 The national government’s efficiency in collecting taxes accelerated to its highest level in two decades last year following the implementation of the Duterte administration’s first tax […]
2018 fiscal deficit hits P558.26 billion THE national government reported a budget deficit of P558.26 billion for 2018, as its expenditures of P3.408 trillion outpaced its revenues pegged at P2.85 trillion. — Business Mirror Jan. […]