MANILA, Philippines — The government generated a P2.6 billion fiscal surplus in May, a reversal of the deficit incurred last year as the growth in revenues outpaced the increase in public expenditures, according to the Bureau of the Treasury. According to the latest cash operations report of the BTr, the national government’s fiscal balance settled […]
Read MoreMANILA, Philippines — Growth in consumer prices for the bottom 30 percent of households in the country went faster in May as prices of food, housing and utilities registered an uptick in areas outside Metro Manila, the Philippine Statistics Authority (PSA) reported yesterday. Inflation for the income subgroup accelerated to 4.6 percent in May after […]
Read MoreMANILA, Philippines — The International Finance Corp. (IFC), the private sector arm of the World Bank Group, is pushing for the creation of a robust green buildings industry in the country because of mass market potential and the possibility of greater engagement with banks on green finance. In line with its ongoing efforts to groom […]
Read MoreMANILA, Philippines — State-run Power Sector Assets and Liabilities Management Corp. is proposing to recover P10.8 billion from consumers to cover the stranded contract costs (SCC) and stranded debts (SD) of National Power Corp. The company will be filing applications with the Energy Regulatory Commission within the week for the recovery of P6.12 billion in […]
Read MoreMANILA, Philippines — The national government’s spending for debt payments almost doubled in April as both amortization and interest payments increased during the month, according to the Bureau of the Treasury. According to the latest cash operations report of the BTr, the national government settled P53.84 billion of its debt last April, 93.35 percent higher […]
Read MoreMANILA, Philippines — Debt watchers S&P Global Ratings and Moody’s Investors Service said the Philippine economy would continue to provide sound growth opportunities for Philippine banks. S&P said the Philippine economy’s strong growth trajectory would drive constructive development outcomes and close infrastructure gaps, while supportive fiscal policies and an improving investment climate would aid growth. […]
Read More
Thailand
