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NG debt service brought down GIR by $500 million
The country’s gross international reserves (GIR), a measure of capacity to pay for foreign loans and external trade obligations, stood at USD102.5 billion, the...
Economic managers remain vigilant over inflation risks despite December deceleration
Inflation in December decelerated to 3.9 percent, its slowest pace since February 2022, but economic managers remain on their toes, with risks posed by El Nino weather event on prices agricultural commodities, particularly rice.
December inflation proves lower than forecast and slows to only 3.9 percent
Inflation, or the rate of change in prices, slowed to only 3.9 percent in December from 4.1 percent the previous November, according to the Philippine Statistics Authority.
Advocates support removing economic restrictions under 1987 Constitution
Heavyweight advocates and thought leaders at the Foundation for Economic Freedom (FEF) called on government on Thursday to lift decades-old Constitutional prohibitions they assert serve only as binding constraints to the economic growth and development of the country.
11-month NG debt rises to P14.51 trillion
The outstanding debt of the national government in November stood at P14.51 trillion, up P27.92 billion from the level in October due mainly to the net issuance of treasury debt papers in the domestic capital market for budget support.
