Hot money posts November net inflow of $832M SHORT-TERM investments made by foreign investors to the Philippines turned positive in November this year, indicating a resurgence of favorable global investor sentiment toward the country for […]
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, […]