MANILA, Philippines — The government continued to spend more than what it earned in October, pushing the budget deficit to P1.2 trillion from January to October, 28 percent higher than last year’s P940.58 billion, the Bureau of the Treasury (BTr) said yesterday. For October alone, the shortfall widened by five percent to P64.29 billion as […]
Read MoreMANILA, Philippines — The country’s rice inventory continued to drop in October, declining by 26.2 percent, according to the Philippine Statistics Authority (PSA). In its latest rice and corn stocks inventory report, the PSA said total rice stocks inventory stood at 1.95 million metric tons (MT) as of Oct. 1, lower than the 2.6 million […]
Read MoreMANILA, Philippines – Short-term foreign funds left the Philippines in droves in October as worries about elevated inflation and a possibility of US Federal Reserve taper prompted the exodus of investments. What’s new Data from the Bangko Sentral ng Pilipinas released Thursday showed foreign portfolio investments recorded a net outflow of $221 million last month. […]
Read MoreMANILA, Philippines — The Duterte administration will likely miss its budget deficit target this year as easing coronavirus restrictions boost revenue collections while economic managers continue to temper spending to avoid more borrowings. The government posted a budget deficit of P64.3 billion in October, up 10.90% year-on-year, the Bureau of the Treasury reported Thursday. This […]
Read MoreMANILA, Philippines — The National Privacy Commission (NPC) is summoning banks, telcos, and e-commerce companies to explain their measures to fight smishing amid a recent surge in spammy text messages in the country believed to be instigated by a global crime syndicate. In a statement on Tuesday, Privacy Commissioner Raymund Liboro said the NPC has […]
Read MoreMANILA, Philippines — Wholesale prices of building materials in Metro Manila continued its uptick amid more business activities as the alert level system in the capital was downgraded, the Philippine Statistics Authority (PSA) said. The latest Construction Materials Wholesale Price Index (CMWPI), which is used as a reference in the costing of government projects, slightly […]
Read More
Thailand
