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September deficit widens a shade under 60% to P179.5B
The budget deficit widened in September this year to P179.5 billion, just a shade under 60 percent from last year's P119.9 billion and the result of far more expenses this year than there were receipts generated, the Bureau of the Treasury said.
National Treasury plans to raiseP225 billion via bills, bond issue
The National Treasury plans to raise a total P225 billion through the issuance of treasury bills and bonds in November.The government issues treasury bills...
Inflation to dog world economy next year, postponing rate cuts
High inflation will dog the world economy next year, with three-quarters of over 200 economists polled by Reuters saying the main risk is that it turns out higher than they forecast, suggesting interest rates will also remain higher for longer.
MB heads off expanded price pressures with off-cycle policy rate adjustment to 6.5%
The regular meeting of the monetary board (MB) of the Bangko Sentral ng Pilipinas (BSP) on Thursday turned into a rate-setting meeting instead as the six-man MB raised the rate at which it lends to banks by 25 basis points to 6.5 percent, effective tomorrow, Friday, 27 October.
Manila gives up on Beijing as ODA source for rail project
The Department of Transportation (DOTr) on Wednesday ruled out looking immediately west of Malacanang as source of sub-market loans or official development assistance (ODA) for the Mindanao Railway Project that China has apparently abandoned.
