MANILA, Philippines — Filipino borrowers prefer installment payment plans for their transactions with corresponding interest rates instead of cash payments, according to data from the Credit Information Corp. (CIC). CIC president and chief executive officer Jaime Casto Jose Garchitorena said installment transactions remain significant as it accounted for 65.2 percent or 36.83 million of the […]
Read MoreBudget catch-up plan to help meet 6% GDP MANILA, Philippines — Dutch financial giant ING Bank said the catch-up plan for government spending continues to work with the goal of meeting the lower end of the revised six to 6.5 percent gross domestic product (GDP) growth target. Nicholas Mapa, senior economist at ING Bank Manila, […]
Read MoreMANILA, Philippines — The Philippine hotel market is still lagging in comparison to its Asian neighbors mainly caused by lower foreign arrivals, a property services firm said. “We still pale in comparison,” Colliers International Research manager Joey Roi Bondoc said when asked on the Philippine hotel sector’s performance in the region. “In the first 10 […]
Read MoreMANILA, Philippines — The government’s fiscal deficit widened in November as the government showed a strong double digit growth in spending, the Bureau of the Treasury (BTr) reported yesterday. According to the latest cash operations report of the Treasury, the national government incurred a budget deficit of P60.9 billion in November, 55.64 percent higher than […]
Read MoreMANILA, Philippines — The government settled P25.2 billion in debt last October as both interest payments and amortization declined year-on-year, according to the Bureau of the Treasury (BTr). According to the latest data from the Treasury, the national government’s debt payments dropped by 13.63 to P25.2 billion last October from P29.18 billion in the same […]
Read MoreMANILA, Philippines — Unemployment eased in 2019 as more Filipinos joined the workforce, the Philippine Statistics Authority (PSA) reported. Preliminary results of the 2019 Annual Estimates of Labor Force Survey showed that based on the average of the four LFS rounds – January, April, July and October – the country’s labor force population – Filipinos […]
Read More
Thailand
