Infrastructure spending expected to accelerate after election pause
INFRASTRUCTURE spending is expected to pick up in the third quarter after a pause during the run-up to the May elections, the Department of...
Peso climbs as oil prices continue to drop
THE peso climbed against the greenback on Monday on the back of a continued drop in global oil prices due to falling demand caused by the coronavirus disease 2019 (COVID-19) as well as a decrease in Treasury purchases by the US Federal Reserve.
Metro Pacific plans to delist from PSE
METRO PACIFIC Investments Corp. (MPIC) is planning to delist from the stock exchange, as First Pacific Co. Ltd., GT Capital Holdings, Inc. and Japan’s Mitsui & Co. Ltd. announced on Thursday a tender offer to buy a minority stake in the infrastructure conglomerate.
Gov’t debt service bill reaches P962B
THE NATIONAL GOVERNMENT’S debt service bill went up by 14.2% to P962.47 billion in 2020, driven by increased amortization payments, data from the Bureau of the Treasury (BTr) showed.
PHL fruit competitiveness may be key to expanding agri exports
THE GOVERNMENT should focus on expanding production of crops where it enjoys a competitive advantage, such as fruit, to boost agricultural exports, analysts said.
“There...
MCWD says desalination plant, Mananga Dam to address Metro Cebu’s future water demand
A DESALINATION plant in Mactan and the development of the Mananga Dam as a water source will address the supply shortage in Metro Cebu, currently made worse by the prevailing dry spell, an official of the Metropolitan Cebu Water District (MCWD) told the Cebu City council.
March deficit spending balloons
THE National Government’s budget deficit widened to P191.4 billion in March, as spending grew by double digits and revenues slipped amid a stricter lockdown, the Bureau of the Treasury (BTr) reported on Tuesday.
Water firms to apply average billing during lockdown
THE Metropolitan Waterworks and Sewerage System Regulatory Office (MWSS-RO) has authorized water concessionaires to apply average billing to their customers, as community quarantine measures on Luzon prevent them from sending out meter readers.
High inflation fails to dampen vehicle sales in July
THE PHILIPPINE auto industry recorded a 33% increase in vehicle sales in July, even as elevated inflation dampens overall consumer spending.
A joint report by...
Peso weakens as budget deficit widens in July
THE PESO weakened slightly on Wednesday on data showing that the country’s budget deficit widened in July.
Local gov’t units face fiscal stress
LOCAL GOVERNMENT UNITS (LGUs) will likely face substantial fiscal stress over the short to medium term, as tax collections continue to decline due to the coronavirus disease 2019 (COVID-19) pandemic, the Development Budget Coordination Committee (DBCC) said.
PHL-US civil nuclear deal enters into force
A CIVIL NUCLEAR cooperation agreement between the United States and the Philippines, which will pave the way for US companies to export nuclear technology...