MANILA, Philippines — The government more than doubled its infrastructure spending in May to nearly P79 billion as construction activities resumed with the lifting of lockdown measures in Luzon, particularly in Metro Manila. Based on latest data from the Department of Budget and Management (DBM), the government increased its infrastructure expenditure in May to P78.9 […]
Read MoreMANILA, Philippines — The government lost more than P1.3 billion in revenue from the reduction in pork tariff as the Philippines imported at least 76 million kilos of pork from April 9 to June 11 to bring down prices of the commodity. The Bureau of Customs yesterday said 76.09 million kilos of pork were brought […]
Read MoreMANILA, Philippines — The still slow pace of COVID-19 vaccination in the country continues to dampen prospects for a strong economic recovery this year even as domestic activity is showing signs of a rebound. The Japan Center for Economic Research (JCER) has slashed its gross domestic product (GDP) forecast to 4.3 percent for 2021 from […]
Read MoreMANILA, Philippines — The country’s total debt stock hit a new record high in May, passing the P11-trillion mark as the government borrowed more from the domestic market to finance its pandemic response. The Bureau of the Treasury yesterday said total outstanding debt jumped to an all-time high of P11.07 trillion, adding P2.18 trillion or […]
Read MoreMANILA, Philippines (Update 2, 11:57 a.m.) — A slower increase in transportation fares tempered inflation in June, a welcome reprieve to consumers still reeling from pandemic-induced economic shocks and giving the central bank enough reasons to sustain its easy-money policy. After three straight months of steady reading, inflation, as measured by the consumer price index, eased to 4.1% […]
Read MoreMANILA, Philippines — The government’s outstanding debt sustained an uptrend in May to breach the P11-trillion mark amid the Duterte administration’s continued borrowing binge to fund ballooning pandemic expenses. The state’s debt burden stood at P11.07 trillion as of May, up 0.73% month-on-month, the Bureau of the Treasury reported Monday. Since the beginning of the […]
Read More
Thailand
