MANILA, Philippines — Government financing surged by 47.4 percent to P50.27 billion in October from P34.1 billion a year ago as the country continued to borrow more from domestic and foreign sources to fill in the funding gap, according to the Bureau of Treasury. Gross domestic financing through the issuance of Treasury bills and bonds […]
Read MoreMANILA, Philippines — The government is intensifying the regulation of small-scale mining operations in the country, particularly in monitoring undisposed residual stockpiles outside mining sites as it continues to revamp the extractive industry. The Department of Environment and Natural Resources, through attached agency Mines and Geosciences Bureau (MGB), recently issued an administrative order that will […]
Read MoreMANILA, Philippines — No hike in air fares is seen for the first two months of 2020 as fuel surcharge level for the said period would remain at current level. In its latest advisory, the Civil Aeronautics Board (CAB) said passenger fuel surcharge for domestic and international flights from Jan. 1 to Feb 29, 2020 […]
Read MoreMANILA, Philippines — The country recorded a balance of payments surplus (BOP) of $541 million in November, the biggest in six months as more dollars continued to flow into the country, according to the Bangko Sentral ng Pilipinas (BSP). The country has been enjoying surpluses in its BOP for five straight months and last month’s […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) expects inflation at between two and four percent for 2022 as inflationary pressures from international commodities are expected to remain modest. BSP Governor Benjamin Diokno said the two to four percent inflation target for 2020 – 2022 continues to be an appropriate quantitative representation of the […]
Read MoreMANILA, Philippines — The Philippines is now relying more on food imports to ensure sufficient supply and stabilize prices, according to recently released data by the Philippine Statistics Authority (PSA). The Food Balance Sheets (FBS) for 2016-2018 showed that the import dependency ratio (IDR) for food has risen steadily to 29.16 percent in 2018 from […]
Read More
Thailand
