DBM to push through with cash-based budgeting in 2019 The Department of Budget and Management (DBM) will push through with the cash budgeting system this year despite Congress’ scrapping of provisions on cash-based budgeting in […]
BoP surplus hits 6-year high in Jan The country’s balance of payments (BoP) surplus hit a six-year high in January, the Bangko Sentral ng Pilipinas (BSP) reported on Tuesday. — The Manila Times DOH Eastern […]
External debt service up 6% in November The Philippines’ external debt service burden as of end-November 2018 was up six percent to $7.199 billion compared to $6.786 billion same time in 2017 on account of […]
Solon: OFWs set remittances record in 2018; highest monthly transfer in December Overseas Filipino workers (OFWs) sent home a record-high $3.2 billion in the month of December alone, bringing the total remittances for 2018 to […]
‘Hot money’ inflows hit $762.8 million in January POSITIVE sentiment flowed into the Philippines at the start of the year, as short-term investments made by foreign players surged in January, according to the latest data […]
Rappler CEO Maria Ressa arrested for cyber libel Officers from the National Bureau of Investigation (NBI) arrested Rappler CEO and executive editor Maria Ressa early Wednesday evening, February 13, in connection with a cyber libel […]
PH trade deficit tops $41 billion in 2018 The Philippines’ trade gap increased by half last year as imports continued to outpace country’s exports, data from the Philippine Statistics Authority (PSA) showed yesterday. — Manila […]
Philippines in fourth straight month of weaker long-term investment inflows Long term equity capital entering the Philippines from overseas slowed for the fourth straight month in a row in November 2018 — a trend reversal […]
BIR eyes $7.3-million Korean grant for invoice system The government plans to tap a $7.3-million grant from the Korea International Cooperation Agency to implement the first phase of the electronic invoicing system mandated under the […]
Philippines set to pass budget on Friday after monthlong impasse The Philippines’ 2019 budget is set to be ratified on Friday, ending a monthlong impasse and limiting the damage to one of Southeast Asia’s fastest-growing […]
Congress fails to pass budget bill LAWMAKERS missed their self-imposed Wednesday deadline to approve the much-delayed 2019 national budget bill. — The Manila Times 3 public-private partnerships projects secure preparation funding Funding has been approved […]
January 2019 inflation eases to 10-month low of 4.4% The increase in consumer prices nationwide eased for a third straight month last January as food and beverage costs grew slower while the full effect of […]