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BSP notes moderate price pressures in August; inflation forecast as low as 3.2%
The monetary authorities project inflation, or the rate of change in prices, to moderate in August from a low of 3.2 percent to no more than 4 percent. This compares with headline inflation averaging 4.4 percent in July.
NEDA Board extends Laguindingan Airport challenge period by a month
The National Economic and Development Authority (NEDA) Board has extended by a month the submission of comparative proposals for the upgrade, expansion, and operations and maintenance of the Laguindingan International Airport.
DA starts controlled inoculation to combat ASF
The Department of Agriculture on Friday kicked off the controlled trial of a Vietnam-developed African swine fever live vaccine in Lobo, Batangas—a municipality with one of the highest cases of ASF.
Government selling triple-tranche global bonds for budget support
The government has started its second external issuance of 2024, seeking to raise at least USD500 million from a triple-tranche fixed-rate US dollar global bond with maturities of 5.5 years, 10.5 years, and 25 years, primarily for budget support.
Budget deficit narrows in July on strong revenue growth
The budget deficit of the national government narrowed in July to P28.8 billion from P47.8 billion in the same month last year, helped by a robust 11 percent increase in revenue that outpaced the 5.8 percent increase in expenditures
