Revenue from marked fuel hits P324 billion
DUTIES AND TAXES collected from marked fuel products had reached P324.46 billion as of Nov. 25, counting back to 2019 when the program started, according to the Department of Finance (DoF).
December BoP surplus biggest in more than six years
THE PHILIPPINES’ balance of payments (BoP) posted the biggest surplus in more than six years in December, which also marked the second straight month of surfeit, the Bangko Sentral ng Pilipinas (BSP) reported on Friday, but it still ended 2018 with a wider deficit than in 2017.
From reluctant entrepreneur to a seasoned risk-taker
DEVELOPING and managing a successful business is a long, arduous process that requires patience, determination, hard work, and business acumen.
FDIs鈥 year-to-date fall persists despite May hike
FOREIGN direct investments (FDI) to the Philippines surged anew in May on the back of substantial lending to local affiliates, but they were still...
Q3 GDP growth likely slowed 鈥 poll
THE PHILIPPINE ECONOMY likely expanded at a slower pace in the third quarter, as high inflation, monetary policy tightening, and the peso depreciation dampened consumer spending.
GOCC subsidies surge in October
SUBSIDIES extended to government-owned and -controlled corporations (GOCCs) surged to P39.981 billion in October, the Bureau of the Treasury (BTr) said.
Philippine central bank says to stay hawkish for a while
Philippine central bank Governor Eli Remolona said monetary policy will remain 鈥渉awkish for a while鈥 and authorities could resume tightening if inflation comes in...
DEPDev seeks聽momentum for聽Marcos agenda
THE Department of Economy, Planning, and Development (DEPDev) wants the incoming Congress to prioritize key legislative measures that lawmakers failed to pass, including bills on national land use policy and a centralized water agency.
Philippine debt-to-GDP ratio at 60.2%
THE NATIONAL Government鈥檚 (NG) debt as a share of the gross domestic product (GDP) stood at 60.2% as of the first quarter, the Bureau...
Government spending to soften virus blow — analysts
HIGHER government spending will probably cushion the effects of a deadly coronavirus outbreak on the Philippine economy, according to analysts.
Customs bureau fails to hit 2019 revenue target
THE Bureau of Customs (BoC) fell short of its target revenue collections for 2019 by nearly five percent, amid lower import volume and a stronger peso against the US dollar, its top officials reported on Friday.
Fiscal gap steadies in 2017, but falls short of program
By Melissa Luz T. Lopez
Senior Reporter
THE PHILIPPINES incurred a slightly narrower budget deficit in 2017 that fell below program, with a double-digit pickup in...