Gross borrowings hit P2.27 trillion as of end-July
GOVERNMENT BORROWINGS increased by 22% in the seven months to July from a year earlier, as the budget deficit continues to widen.
Nearly 800 IT-BPM projects endorsed to BoI
THE BOARD of Investments (BoI) said 786 information technology and business process management (IT-BPM) projects have been endorsed by the Philippine Economic Zone Authority...
BoP deficit widens to $2.3B in Sept.
THE PHILIPPINES posted its largest monthly balance of payments (BoP) deficit in four years in September, the Bangko Sentral ng Pilipinas (BSP) said on Wednesday.
Foreign debt inches up but still ‘prudent’ — BSP
THE COUNTRY’S outstanding external debt edged up last quarter from the preceding three months, but has remained manageable, the Bangko Sentral ng Pilipinas (BSP) said in a Sept. 13 media release e-mailed on Sunday.
Gov’t, PCCI to feel pulse on tax reform
THE GOVERNMENT has teamed up with the Philippine Chamber of Commerce and Industry (PCCI) for a nationwide road show this quarter designed to drum...
PHL eyes ODA from France to fund projects
THE PHILIPPINES and France have signed a government-to-government agreement to secure funding for the former’s priority projects, the Finance department said.
In a statement on...
Finance chief backs additional imports of rice, corn, sugar
THE DEPARTMENT of Finance (DoF) is recommending additional imports of rice, corn, sugar, pork, and other key commodities this year to address an expected...
Government approves 805,200 tons of rice imports under quota scheme
THE STATE grains procurement agency on Tuesday gave the go-ahead for local traders to import up to 805,200 tons of rice under an annual quota scheme, which should boost domestic supply and keep rising prices in check.
Proposed JV guidelines may turn off investors
A PROPOSAL to require joint ventures (JV) between the government and private entities to secure regulatory approval for any adjustments in tolls, tariffs and other fees may discourage investors, according to stakeholders and economists.
Marcos may allow food manufacturers to directly import sugar
PRESIDENT Ferdinand R. Marcos, Jr. is looking into the possibility of allowing food manufacturers to directly import sugar amid tight domestic supply and high...
DTI imposes safeguard duty on polyethylene imports
THE DEPARTMENT of Trade and Industry (DTI) ordered the imposition of safeguard duties on imports of high-density polyethylene (HDPE) pellets and granules for three years in a bid to protect the local industry.
Inflation further eased in May — BSP
HEADLINE INFLATION may have decelerated within the 5.8% to 6.6% range in May due to lower prices of fuel, poultry and fish, the Bangko Sentral ng Pilipinas (BSP) said on Wednesday.