Govt spent P571b for infra projects in first nine months Finance Secretary Carlos Dominguez III said Wednesday he welcomes the plan of Congress to conduct an inquiry on the alleged underspending by the Duterte administration, […]
Philippines, China set out 10-yr infra cooperation program The Philippines and China have set out a ten-year cooperation program on infrastructure that is hoped to outlive the term of President Rodrigo Duterte, according to a […]
Fiscal gap swells as spending surges in Oct 2018 The country’s fiscal deficit ballooned by 175 percent to P59.9 billion in October from only P21.8 billion a year ago as revenue failed to keep up […]
BSP plans P8-B sale of money printing complex The Bangko Sentral ng Pilipinas (BSP) is planning to sell its Security Plant Complex (SPC) in Quezon City where it prints banknotes, mint coins and refines gold. […]
PHL improves ranking in WB/PwC in study on ease of paying taxes THE PHILIPPINES placed 94th out of 190 economies on the ease of paying taxes, according to the World Bank and PricewaterhouseCoopers’ Paying Taxes […]
Government overspends on infrastructure, exceeds 9-month target Government spending on infrastructure exceeded its target in the first nine months with the Duterte administration’s massive infrastructure program already in full swing, according to the Department of […]
House okays P3.757-T 2019 national budget The House of Representatives on Tuesday approved on third and final reading the proposed PHP3.757-trillion 2019 national budget. — Philippine News Agency PH ranking in 2018 global talent survey […]
Balance of payments incurred $5.59-billion deficit in first ten months The balance of payments posted a deficit of $458 million in October, higher than the $368-million shortfall a year ago, as imports continued to outpace […]
NG gross borrowings hit nearly P44B in September GROSS borrowings of the national government for September have reached P43.979 billion, pushing government’s 9-month financing efforts to P683.284 billion, Bureau of the Treasury (BTr) data showed. […]
Remittances total $21.3B end-September – BSP Cash remittances sent by overseas Filipinos went up by 2.5 percent year-on-year to $21.3 billion, Bangko Sentral ng Pilipinas (BSP) Deputy Governor Maria Almasara Cyd N. Tuaño-Amador said Thursday. […]
Foreign direct investments for January to August 2018 up by 31% Investor confidence in the Philippine economy “remained strong” as foreign direct investments (FDIs) from January to August 2018 soared by 31% at $7.42 billion. […]
Fiscal deficit widens by 78% in 9 months The national government’s fiscal deficit widened by 78 percent to P378.2 billion in the nine months to September, already accounting for three percent of the country’s gross […]