Gov’t spending jumps by 28% in October: DBM
December 6, 2017
National government disbursements posted a 28.2 percent increase in the month of October, the highest growth recorded so far in the year, as spending reached P226.9 billion, the Department of Budget and Management (DBM) said in a statement Wednesday. This
Dominguez orders Lapeña to verify import-export data gap with China
December 6, 2017
Finance Secretary Carlos Dominguez III has ordered Customs Commissioner Isidro Lapeña to meet “right away” with his counterpart in the Chinese government to check the narrowing but still significant gap between that country’s registered export volumes to the Philippines and import figures
ADB hikes assistance to Philippine infra investments in 2018-2020
December 5, 2017
The Asian Development Bank (ADB) has increased available funding for the Philippines’ infrastructure-related investments from 34 percent of actual lending approvals covering the 2011-2016 period to 48 percent over the next three years. On top of these available funds under the
Inflation declined in November after rising for four months
December 5, 2017
Lower food prices slowed inflation in November 2017 following four consecutive months of acceleration, the National Economic and Development Authority (NEDA) said Tuesday. Based on a report of NEDA-attached agency Philippine Statistics Authority (PSA), headline inflation rate for November reached
Stocks, peso end lower
December 4, 2017
Stocks cut early losses but still ended lower while the peso slipped to its lowest in nearly two months on Monday. The Philippine Stock Exchange index finished 59.57 points lower to 8,084.45. In the broader market, there were 119 decliners,
Brazil Coffee Arabica
December 4, 2017
BRAZIL- A farmer harvests coffee beans on his family farm located in Forquilha do Rio, municipality of Dores do Rio Preto, Espirito Santo, Brazil, on November 23, 2017. At an altitude of 1,180 meters on the flanks of the Caparao
Community-based ecozones eyed to revive Marawi economy
December 3, 2017
The Philippine government plans to put up a community-based economic zone in Marawi City to help its economy bounce back from ruin and create jobs plus livelihood opportunities for its returning residents, according to Finance Secretary Carlos Dominguez III. Dominguez
Bitcoin currency
December 1, 2017
TOKYO- Pedestrians walk past a Bitcoin currency poster at the entrance of a Bic Camera electronics retailers store in central Tokyo, Japan, 01 June 2017 (reissued 01 December 2017). Finance experts have warned of a possible Bitcoin bubble after the
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