Higher tax collection narrows budget deficit in 2023 to P1.512T
Increased tax collection last year narrowed the government’s budget deficit to P1.512 trillion from P1.614 trillion in 2022, albeit slightly wider than the P1.499 trillion deficit target for the year.
Forecast inflation seen averaging 3% in February
Food prices were to prove slightly elevated in February, likely averaging 3 percent for the month, based on latest forecast by analysts at Moody's Analytics.
NG debt rise to P14.79T in January on increased domestic borrowings
The total national government debt at the end of January reach P14.79 trillion, up P173.91 billion from the level at the end December 2023, nudged higher by an increase in domestic borrowings for budget support.
“Data is gold”
The Securities and Exchange Commission (SEC) has given law enforcement units and various agencies access to beneficial the ownership information of corporations as part of boosted efforts to combat money laundering and terrorist financing.
Lead acid smelters in Pampanga tangle with FPI, environmentalist group
The Federation of Philippine Industries (FPI) and activist group SEEDS PH are taking the recently shuttered smelters in San Simon, Pampanga to court for alleged violation of environmental laws.
