MANILA, Philippines — The share of the country’s debt to gross domestic product (GDP) expanded to 54.5 percent in 2020 as the government ramped up its borrowings to address the debilitating effects of the coronavirus pandemic on the economy, the Bureau of the Treasury (BTr) reported yesterday. Data from the BTr showed the national government’s […]
Read MoreWhile the laws on investment, enterprises, and funding under the public-private partnership model are appreciated by local and foreign stakeholders. They also await additional guiding documents to manoeuvre their projects effectively and safely through the legal landscape. The new laws on enterprises, investment, and investment under the public-private partnership model, passed by the National Assembly […]
Read MoreJanuary inflation at 1.6% with demand pressures muted Price pressures remained subdued in early 2021 with demand pressures muted by the ongoing economic recession and January inflation settling at 1.6%, slightly below market expectations. Economic activity slowed further in January after a spate of natural calamities while a spike in Covid-19 infections forced the authorities […]
Read MoreThe Investor Confidence Index (ICI) survey for January, which measures February to April 2021, remains in the bullish zone for the second consecutive month, spurred by the prospect of Covid-19 vaccines, foreign inflows and higher earnings among listed companies. The index rose by 1.5% to 132.55 from December’s 130.63, according to the monthly survey by […]
Read MoreMANILA, Philippines — Reissued 10-year Treasury bonds (T-bonds) yesterday fetched higher rates amid expectations of an elevated inflation figure in January, the Bureau of the Treasury (BTr) said. The BTr fully awarded P30 billion worth of securities maturing in nine years and five months at an average rate of 3.066 percent, 34.2 basis points higher […]
Read MoreThe Council for the Development of Cambodia (CDC) has announced that four new projects worth a total of $16.2 million were approved over the weekend. Among the companies given the go-ahead were Taperite Plastic Co Ltd, Xin Yunfeng (Cambodia) Fashion Co Ltd, Unicorn Footwear Co Ltd and Laurence Footwear Co Ltd. The investment projects cover […]
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