House to resume budget work
THE HOUSE of Representatives is scheduled to proceed with hearings on the Executive’s proposed 2019 national budget when it reconvenes on Aug. 28, despite confusion on a compromise with economic managers.
Philippine officials off to Beijing for dev’t funding
A HIGH-LEVEL Philippine delegation will visit Beijing this week to ink bilateral deals on China-funded infrastructure projects, the Department of Finance (DoF) said in a statement over the weekend.
Emerging mart turmoil revives dreaded old OPEC ghost
LONDON -- For more than two decades, the Organization of Petroleum Exporting Countries (OPEC) has tried to avoid repeating a mistake that cost it dearly.
Spain offering $300-M three-year ODA — DoF
THE SPANISH GOVERNMENT has offered the Philippines $300 million in official development assistance (ODA), according to a senior official the Department of Finance (DoF).
Central bank sees inflation closer to 6% this month
THE OVERALL RISE in prices of widely used goods can be expected to creep closer to six percent this month before peaking in September, the head of the Bangko Sentral ng Pilipinas (BSP) said in a forum on Friday.
FEMSA exits PHL, sells back stake in Coca-Cola bottling operations
MEXICO’s Coca-Cola FEMSA will sell its controlling stake in its Philippine operations to the Coca-Cola Co., which will take over operations here via its Bottling Investments Group (BIG), the Coca-Cola Co. said.
NEDA body endorsing MRT-3 rehab deal to Duterte for approval
USERS of the Metro Rail Transit Line 3 (MRT-3) can expect relatively trouble-free commuting along this railway by 2021, under the timetable of a rehabilitation project that edged closer to final approval late this week.
LGUs edge each other out in index
METRO MANILA cities led by the likes of Quezon City and the City of Manila have continued to dominate an annual list of local government units (LGU) gauged on competitiveness, though the picture is mixed when localities are ranked in each of the development pillars of economic dynamism, government efficiency, infrastructure and resilience, according to the Cities and Municipalities Competitiveness Index 2018 released on Thursday.
July marked by ‘hot money’ net inflows — central bank
MORE FOREIGN FUNDS entered the Philippines in July compared to the preceding month, although the latest flows were a third smaller than a year ago, latest central bank data showed.
Duterte to meet economic managers on possible budget 'compromise'
STATE economic managers will meet with President Rodrigo R. Duterte on Friday to discuss a “compromise” between the Executive’s original P3.757-trillion cash-based budget and a “hybrid” system that will include funds that can be disbursed for more than a year.
Executive, House break budget deadlock
TALKS in Malacañan Palace last Tuesday between President Rodrigo R. Duterte and Speaker Gloria M. Arroyo broke the deadlock over the Executive’s proposed national budget for next year, with a leader in the House of Representatives saying the chamber will likely resume deliberations and should be able to meet the deadline for the spending plan’s approval.
Cash remittances up in 1st half despite June fall amid smaller Mideast flows
CASH remittances slipped to a two-month low in June due to smaller flows from the Middle East, the Bangko Sentral ng Pilipinas (BSP) reported on Tuesday.
