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Inflation 3.4% in Feb; at higher end of BSP’s forecast range
Headline inflation in February accelerated to 3.4 percent after easing to its slowest pace more than three yeas in January, at the higher end of the forecast range of the Bangko Sentra ng Pilipinas due to increases in the prices of food, particularly rice, and the cost of transport and utilities.
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.
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.
P200-B solar project for delivery in 2026 requires foreign equity participation
SP New Energy Corp. (SPNEC) counts of foreign partners to help it raise the estimated P200 billion, roughly USD3.5 billion, needed to bring the...
Engine displacement makes all the difference for Taiwan’s battery-swapping Gogoro scooters
Gogoro Philippines, the local unit of the Taiwan-based mobility company distinguished by its battery-swapping electric scooters, said its units are exempt from the recent Metro Manila Development Authority (MMDA mandate banning a broad range of e-vehicles from the streets of Metro Manila.
