General government debt decreased to 37.6% of GDP as of June
December 27, 2019
Consolidated General Government (GG) debt stood at P6.8 trillion in the second quarter, an increase of 0.7 percent from the first quarter level of P6.7 trillion and 13.4 percent increase from the same period last year. Of the total, 62.9
PSE index cuts losses
December 26, 2019
The main Philippine index reduced its losses as trading resumed after Christmas break on Thursday. The Philippine Stock Exchange (PSE) index closed 30.32 points lower to 7,842.38 points. The index lost 99.63 points 10 minutes after trading began. In the
DOF taps JICA in crafting Subic masterplan
December 25, 2019
The government has engaged the expertise of the Japan International Cooperation Agency (JICA) in updating the masterplan for the development of the Subic Bay and its surrounding areas, the Department of Finance (DOF) informed senators recently. Finance Secretary Carlos Dominguez
BARMM to set stage for rapid Mindanao development – Dominguez
December 25, 2019
Finance Secretary Carlos Dominguez III has expressed the hope that the new Bangsamoro autonomous region will “light up the pathway for rapid development” for the people of Mindanao, especially those from communities once torn by conflict. Dominguez said the inaugural meeting in Davao City last Dec. 16 of
PSE index ends higher
December 23, 2019
The main Philippine share index closed higher on Monday. The peso closed at P50.83 against the US dollar from P50.815 on Friday. Volume at the foreign exchange portal of the Bankers Association of the Philippines (BAP) reached $757 million from
TRAIN revenues exceed January-September estimates: DOF
December 22, 2019
Preliminary data from the Bureaus of Internal Revenue (BIR) and of Customs (BOC) show that their combined revenues from the Tax Reform for Acceleration and Inclusion (TRAIN) Law exceeded estimates for the period January to September. Total revenues from TRAIN
PSE index rallies to close higher
December 20, 2019
The Philippines’ main share index rallied to close higher after falling steeply on Friday. The peso finished at P50.815 against the US dollar from P50.635 on Thursday. Volume at the foreign exchange portal of the Bankers Association of the Philippines
PSE index ends lower
December 19, 2019
The main Philippine share index ended lower on Thursday. The peso closed at P50.635 against the US dollar from P50.631 on Wednesday. Volume at the foreign exchange portal of the Bankers Association of the Philippines reached $998.7 million from the
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