MANILA, Philippines — Rising global commodity prices continue to pose a risk to fiscal consolidation in several Asia-Pacific countries including the Philippines this year, according to Fitch Ratings. In a report, the debt watcher said the sharp rise in commodity prices over the past month poses a rising risk to fiscal consolidation in 2022. “Some […]
Read MoreMANILA, Philippines — Consumers can expect higher fuel prices this week following reports of a drone attack on a refinery based in the oil-rich Saudi Arabia as well as several developments affecting the global oil market, where the Philippines mainly gets its supply. Starting Tuesday, pump prices will experience another round of hikes. In an advisory, local […]
Read MoreMANILA: The Philippine central bank may consider raising its key interest rate in June, according to governor Benjamin Diokno. Policy makers may wait for another cycle after the May 19 meeting if the nation’s economy grew around 6% to 7% in the first quarter, Diokno said in a Bloomberg Television interview with Kathleen Hays, Shery […]
Read MoreMANILA, Philippines — The government slashed its budget deficit by more than one percent to about P317 billion in the first quarter as the growth in revenues outpaced the rise in expenditures. The Bureau of the Treasury yesterday reported that the deficit fell to P316.85 billion in the three months to March, from P321.47 billion […]
Read MoreMANILA, Philippines — The government’s budget shortfall narrowed in March as revenue collections improved amid looser mobility curbs. What’s new Data released by the Bureau of Treasury on Wednesday revealed that the budget deficit shrank 1.97% year-on-year to P187.7 billion in March. In the first quarter, the deficit amounted to P316.8 billion, 1.44% smaller compared […]
Read MoreMANILA, Philippines — The Trade Union Congress of the Philippines (TUCP) filed another petition for minimum wage hikes, this time in Calabarzon and the Bicol region, in a bid to keep wages at par with sharp increase in prices of consumer goods and services. In a statement on Tuesday, the labor group submitted their pay […]
Read More
Thailand
