MANILA, Philippines — The government may fail to meet its deficit ceiling for the year even as both revenues and spending are growing beyond their respective targets, according to the Department of Budget and Management (DBM). Budget Secretary Benjamin Diokno said the government’s fiscal deficit for 2018 may fall behind the P523.7 billion target, which […]
Read MoreMANILA, Philippines — The Philippines ranked lower in the World Bank’s Ease of Doing Business Report 2019, placing 124th out of 190 countries from 113th previously, largely due to higher business registration costs and increased time for imports inspection. The international finance institution’s report released Wednesday night actually showed the country’s overall ease of doing […]
Read MoreMANILA, Philippines — Factory gate prices continue to ease in September as producer prices in nine commodity groups contracted, the Philippine Statistics Authority (PSA) said. The PSA said the Producer Price Index (PPI) for manufacturing contracted at a slower rate of 0.2 percent in September from the revised 0.8 percent decline in August and 0.5 percent contraction in September […]
Read MoreMANILA, Philippines — The economy is expected to sustain its robust growth this year and the next because of strong government spending and investment, but stability must be prioritized amid strong inflationary pressures and external headwinds, according to the ASEAN+3 Macroeconomic Research Office. Results of AMRO’s preliminary assessment after its annual consultation visit to the […]
Read MoreMANILA, Philippines — The growth in domestic money supply decelerated in September amid a slowdown in bank lending expansion, according to the Bangko Sentral ng Pilipinas. Preliminary data from the BSP showed money supply, also known as M3, grew by 9.7 percent to P11.16 trillion as of end- September from the P10.17 trillion recorded in the […]
Read MoreMANILA, Philippines — Manila and Beijing are expected to close financing deals on two big-ticket infrastructure projects during Chinese President Xi Jinping’s visit to the country this November, the Department of Budget and Management (DBM) said yesterday. In a press briefing, Budget Secretary Benjamin Diokno said the government is preparing to sign with China the […]
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