Expenditure to be even higher in H2 – DBM Infrastructure and other capital spending rose sharply in May mainly on priority public works projects and the modernization of the armed forces, the Department of Budget and Management (DBM) said on Thursday. Analysts saw the surge in spending as an indication of the Duterte government’s political […]
Read MoreSINGAPORE: Southeast Asian markets trod with caution on Thursday after minutes from the U.S. Federal Reserve’s last meeting showed policymakers were split on the outlook for inflation and how it might affect the future pace of interestrate rises. The minutes of the Fed’s June policy meeting released on Wednesday also showed that several officials wanted […]
Read MoreMANILA, Philippines – The national government’s outstanding debt may reach P6.47 trillion by end-2017, corresponding to about 40.76 percent of the country’s gross domestic product, the Bureau of the Treasury said. National Treasurer Rosalia De Leon said the country’s outstanding debt for 2017 may increase 6.24 percent to P6.47 trillion from the P6.09 trillion recorded […]
Read MoreMANILA, Philippines – Investments registered at the Philippine Economic Zone Authority (PEZA) continue to pour in, surging 71 percent in the first half of the year on the back of sustained investor confidence in the current administration, the country’s ecozone regulator said. PEZA director general Charito Plaza said investment pledges approved by the agency from […]
Read MoreNATIONAL government debt rose 7.8 percent year-on-year to P6.34 trillion in May, but fell from April after the government redeemed some of its securities and a stronger peso cut the value of the try’s dollar bonds, the Bureau of the Treasury (BTr) said on Monday. The Treasury did not offer any explanation for the year-on-year […]
Read MoreJune PMI slips to 53.9 from 54.3 in May, 55.5 a yr earlier PHILIPPINE manufacturing expanded further in June but at a slower pace than in May and in June last year as output and new orders lost momentum amid a fall in backlogs, results of a survey sponsored by Nikkei and produced by IHS […]
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