MANILA, Philippines — Households and businesses in areas served by Manila Electric Co. (Meralco) can expect higher electricity bills in December after the power distributor completed one of its mandated refunds to customers, which tempered benefits from lower generation charges. In a statement on Friday, the largest power distributor in the country said the overall […]
Read MoreMANILA, Philippines — The Philippines was among the countries in Southeast Asia that saw the highest growth in greenfield investments in the first three quarters of the year, the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) said. In its Foreign Direct Investment Trends and Outlook in Asia and the Pacific 2022/2023 […]
Read MoreMANILA, Philippines — The national government’s debt stock increased in October and has already exceeded the expected pile by the end of the year, as the Marcos Jr. administration took on new debts to finance its programs. The Bureau of the Treasury revealed Wednesday that government liabilities hit P13.64 trillion in October, inching up 0.92% month-on-month. […]
Read MoreMANILA, Philippines — Philippine manufacturing output picked up in October from the previous month with 14 industry divisions registering increases, according to the Philippine Statistics Authority (PSA). Preliminary results of the Monthly Integrated Survey of Selected Industries released by the PSA yesterday showed manufacturing output, as measured by the Volume of Production Index (VoPI), registered […]
Read MoreMANILA, Philippines — The government is strongly pushing for the creation of the Maharlika Wealth Fund as it faces constraints to finance new projects, especially after the country’s outstanding debt jumped to a new record high P13.64 trillion in October. Based on the Bureau of the Treasury (BTr) data, the government increased the debt stock […]
Read MoreFastest in 14 years MANILA, Philippines — Inflation rose to a 14 year-high in November largely due to faster food price upticks, the Philippine Statistics Authority (PSA) reported yesterday. In a briefing, deputy national statistician Divina Gracia del Prado said headline inflation – the rate of increase in prices of consumer goods and services – […]
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