The stock market’s performance this week will likely depend on corporate earnings and dividend payouts announced by listed firms, analysts said. With October 31 and November 1 having been declared by the government as special non-working holidays, they said investors could also be looking for catalysts from aboard. “As participants heed [third quarter]numbers, the decision […]
Read MoreMANILA, Philippines — The government spent P142.1 billion for infrastructure projects in the third quarter, up 15.4 percent from P123.2 billion in the same period last year, the Department of Budget and Management (DBM) reported yesterday. The amount also exceeded by 3.1 percent the government’s quarterly infrastructure spending program of P137.8 billion. For the first […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is set to issue tighter regulations requiring financial institutions, particularly banks, to elevate the level of their cybersecurity standards. “We are set to issue in a few weeks enhanced standards with regard to BSP’s expectation on cybersecurity arrangements in a financial institution,” BSP Governor Nestor Espenilla […]
Read MoreMANILA, Philippines — The government settled in August P73.17 billion in debt, comprising of interest payments and amortization, the Bureau of the Treasury (BTr) reported yesterday. According to data from the Treasury, the government’s debt payments in August jumped 162.41 percent to P73.17 billion from P27.88 billion in the same month last year. This brought […]
Read MoreThe government will stick to its target of a wider budget deficit even if Congress decides to pass a watered-down version of tax reforms deemed crucial for a massive infrastructure program. “Hopefully the Congress bicameral conference [committee]will pass a Train (Tax Reform for Acceleration and Inclusion) version that will yield revenues that will allow the […]
Read MoreMANILA, Philippines — The national government incurred a fiscal deficit of P36.9 billion in September as revenue performance improved and expenditures declined, latest data from the Bureau of the Treasury show. September saw a 51 percent decline in fiscal deficit or P38.4 billion compared to last year. Meanwhile, the January-September deficit of P213.1 billion was […]
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