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Philippines: Government hikes budget for debt payment

MANILA, Philippines — The government plans to increase the share of debt burden in the proposed record P5.768 trillion budget for next year. Based on the Budget of Expenditures and Sources of Financing (BESF), 12.1 percent of the budget or equivalent to P699.2 billion will be allocated to settle debts for 2024. This is slightly […]

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Thailand: Behind the power tariff decision

A lower power tariff scheduled to take effect from Sept 1 not only means cheaper electricity bills for households and businesses during the last four months of this year, but also helps the debt-ridden Electricity Generating Authority of Thailand (Egat) with its plan to settle its debt. The Explainer examines the new power tariff, which is […]

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Cambodia’s agricultural product exports at $2.6 billion

Cambodia exported 4.5 million tonnes of agricultural products in the first seven months of this year, earning around $2.6 billion in revenue, according to a report released by the Ministry of Agriculture, Forestry and Fisheries (MAFF) on Tuesday. The agricultural product exports decreased in volume by 19.2 percent compared to the same period last year, […]

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More Filipinos went jobless, sought more working hours in June

MANILA, Philippines — The proportion of unemployed Filipinos rose in June, while the quality of available jobs worsened, state statisticians reported Wednesday. There were 2.33 million Filipinos who were either jobless or out of business in June, higher than the 2.17 million unemployed persons recorded in May, data from the Philippine Statistics Authority showed. This […]

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