Philippines (National)
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THE Philippines only raised P30.64 billion from its latest bond offering, according to the Bureau of the Treasury (BTr). The 20-year bonds, which have a remaining life of 4 years and 10 months, initially intended to fetch P35 billion for the government. National Treasurer Rosalia V. De Leon said the…
By: Cai Ordinario
The resumption of face-to-face (F-to-F) classes and increased mobility among the youth could threaten the gains in preventing adolescent pregnancy during the pandemic, according to the Commission on Population and Development (Popcom). Popcom said the Philippines can’t afford to let its guard down in terms of arresting teenage pregnancy. Data…
THE Bangko Sentral ng Pilipinas (BSP) has now standardized and streamlined the business loan application form to allow micro-size, small-scale and medium-scale enterprise (MSME) greater access to funding. BSP Circular 1156 provides a borrower-centric Standard Business Loan Application Form (SBLAF) that makes the MSME loan application process more transparent and…
THE country’s manufacturing output slowed 2.4 percent in September, according to the latest data released by the Philippine Statistics Authority (PSA). The PSA said the September Volume of Production Index (VoPI) was the slowest since June 2022 when it posted growth of only 0.2 percent. The VoPI was at 4.4…
WITH the extractive industries contributing billions to government coffers, the current administration is bent on turning it into a major growth driver of the economy in the medium term, Finance Secretary Benjamin Diokno said on Tuesday. According to him, the extractive industries posted a P363-billion contribution to government revenues from…
OVER a million Filipinos became underemployed in September, according to data released by the Philippine Statistics Authority (PSA), even as government economists touted the decline in the number of the jobless compared to August. The PSA data showed the number of jobless Filipinos reached 2.5 million in September 2022, a…
The Philippines’s pork imports is expected to rise by nearly 20 percent this year as animal diseases, such as African swine fever, continue to threaten domestic hog population, according to the latest report from the United Nations’ Food and Agriculture Organization (FAO). In its latest report titled “Food Outlook,” FAO…
BANGKO Sentral ng Pilipinas (BSP) Governor Felipe M. Medalla said voting for a 75-basis point increase in interest rates on Thursday’s Monetary Board (MB) meeting will increase the country’s likelihood of hitting its inflation target by 2024. In his message at the “EJAP-Ayala Business Journalism Awards” last Friday, the central…
AS the year comes to an end, the National Economic and Development Authority (Neda) expects government spending to continue to slow for the rest of the year. Private economists had mixed reactions to this, with some saying it is no cause for worry, while one expert deemed it a “grave…
THE country’s debt service payments continued to decline based on the January-September data released by the Bureau of the Treasury (BTr). The data showed government debt service contracted 7.67 percent to P889.85 billion in the January to September period from P963.78 billion in the same period last year. However, BTr…
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