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PSA estimates palay, corn output in 1Q likely higher due to drier weather caused by El Nino
The country's palay output in the first three months of 2024 could reach 4.83 million metric tons, higher by 1.1 percent compared to the actual production of 4.78 million metric tons, with the drier weather caused by El Nino likely boosting yield.
Government records wider budget surplus of P88B in January aided by tax gains
The National Government recorded a wider budget surplus of P88.0 billion in January, aided by stronger tax collection during the month.
Ph foreign debt remains prudent
The country's foreign currency denominated debt total USD125.4 billion as at end-December 2023, higher by USD6.6 billion or 5.5 percent more than three months earlier.
Philippines gets $5-B investment pledges from German, US companies
The Philippines secured about $5 billion worth of investment pledges from German and American firms this week in sectors such as healthcare and energy, potentially big wins for the country as it competes with others in the region for foreign capital.
Trade deficit narrows in January to USD4.22 billion as exports rise
The country's trade deficit in January narrowed to USD4.22 billion from USD5.56 billion in the year-earlier period, helped by the increase in exports and the decline in imports.
