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Government debt inches up to 42.3% of GDP in third quarter of 2018

The share of the national government’s gross borrowings to the country’s gross domestic product slightly widened to 42.3 percent in the third quarter of the year with the continued rise in the government’s debt stock, according to the Department of Finance......»»

Category: financeSource: philstar philstarDec 7th, 2018

Outstanding NG debt hits P6.8T

Foreign exchange movements and the issuance of government securities saw the national government’s outstanding debt rise to P6.878 trillion in March, the Bureau of the Treasury reported. “The National Government’s (NG) outstanding debt settled at P6,878.89 billion as of end-first quarter 2018, P58.23 billion or 0.85 percent higher than the previous month due to currency [...] The post Outstanding NG debt hits P6.8T appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMay 1st, 2018

PH govt moves panda bond sale to Q1 2018

The Philippines' maiden sale of renminbi-denominated debt — or “panda bonds” — will be moved to the first quarter next year, the Finance chief said, as the government awaits approval by China’s central bank......»»

Category: newsSource:  interaksyonRelated NewsNov 30th, 2017

Gov’t moves panda bond sale to Q1 2018

THE PHILIPPINES’ maiden sale of renminbi-denominated debt — or “panda bonds” — will be moved to the first quarter next year, the Finance chief said, as the government awaits approval by China’s central bank. “Bu[reau] of [the] Treasury is awaiting final approval from the People’s Bank of China so the schedule for issuance has been […] The post Gov’t moves panda bond sale to Q1 2018 appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsNov 29th, 2017

Government debt inches down in Q1 of 2017

MANILA, Philippines — Higher settlements and a slightly stronger peso pushed the National Government's debt stock lower in the first quarter, latest data fro.....»»

Category: financeSource:  philstarRelated NewsMay 8th, 2017

Government debt inches down in Q1 of 2017

MANILA, Philippines — Higher settlements and a slightly stronger peso pushed the National Government's debt stock lower in the first quarter, latest data fro.....»»

Category: financeSource:  philstarRelated NewsMay 8th, 2017

[OPINION] Promises and pitfalls of cool Japan in Philippine geo-politics

In November, pollster Social Weather Stations (SWS) released its 2018 3rd Quarter Social Survey . Among its findings is increased opposition to government inaction on China's intrusion, the sentiment of 84% of Filipinos. The surey results also showed that 87% of Filipinos believe it's important for the Philippines to regais control of ........»»

Category: newsSource:  rapplerRelated NewsDec 9th, 2018

Palace sees improved business, consumer confidence in coming months despite Q4 drop

  MANILA, Philippines - Malacaang assured the public on Friday that the government was addressing the issues on inflation, weakening peso and higher interest rates among others, which contributed to the decline in business confidence in the country.   The Bangko Sentral ng Pilipinas has reported on Thursday that business and consumer confidence in the country continued to weaken in the fourth quarter of 2018.   The BSP said among the factors that contributed to the less optimistic outlook were soaring inflation, weakening peso, higher interest rates, lower volume of sales and orders and lack of raw materials supply.   "The public should understand...Keep on reading: Palace sees improved business, consumer confidence in coming months despite Q4 drop.....»»

Category: newsSource:  inquirerRelated NewsDec 7th, 2018

Foreign investment approvals hit P91B | The Manila Times Online

Foreign investment approvals rose in the third quarter of 2018, the government reported on Tuesday, despite only three out of seven monitored agencies having posted year-on-year gains. Philippine Stat.....»»

Category: newsSource:  manilanewsRelated NewsDec 7th, 2018

Foreign investment approvals hit P91B

Foreign investment approvals rose in the third quarter of 2018, the government reported on Tuesday, despite only three out of seven monitored agencies having posted year-on-year gains. Philippine Statistics Authority…READ The post Foreign investment approvals hit P91B appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsDec 6th, 2018

Government debt rises to record P7.17 trillion in October 2018

The national government’s debt pile rose to a new record high of P7.167 trillion as of end-October, driven largely by higher domestic borrowings, according to the Bureau of the Treasury......»»

Category: financeSource:  philstarRelated NewsDec 4th, 2018

Government confident fiscal deficit to fall within target for 2018

The Department of Budget and Management yesterday gave assurance that the national government would not breach its 2018 fiscal deficit ceiling on the back of higher revenue in the fourth quarter of the year......»»

Category: financeSource:  philstarRelated NewsNov 20th, 2018

Finance dept: GDP likely rose 6.5% in third quarter

THE Philippines’ gross domestic product (GDP) likely grew by 6.5 percent in the third quarter of 2018 on the back of increases in government spending and manufacturing, the Department of...READ MORE The post Finance dept: GDP likely rose 6.5% in third quarter appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsNov 7th, 2018

DoF sees 6.5% GDP growth in Q3 

GOVERNMENT spending and manufacturing growth likely supported the Philippine economy to rise by 6.5 percent in the third quarter of 2018, the Department of Finance (DoF) said on Wednesday. “We...READ MORE The post DoF sees 6.5% GDP growth in Q3  appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsNov 7th, 2018

Philippines cuts 2018 GDP growth goal, raises inflation targets

MANILA — The Philippine government has shaved its economic growth target for this year and raised inflation forecasts for 2018 and 2019, reflecting caution as soaring consumer prices curb expansion in one of Asia’s fastest growing economies. The economy grew 6.0 percent in the second quarter, the slowest in almost three years, raising the challenge […] The post Philippines cuts 2018 GDP growth goal, raises inflation targets appeared first on Interaksyon......»»

Category: newsSource:  interaksyonRelated NewsOct 16th, 2018

ANZ sees inflation hovering above 7% as storm damage stokes price pressures

INFLATION will likely hover above seven percent in the remaining months of 2018, ANZ Research said, adding to mounting doubts about government expectations that overall price spikes could have peaked last quarter......»»

Category: newsSource:  bworldonlineRelated NewsOct 2nd, 2018

PH external debt ‘manageable,’ says BSP

The Philippines' outstanding external debt declined slightly at the end of the second quarter as the strong US dollar reduced the value of the country's obligations to other foreign creditors, the central bank said on Friday. In a press statement, the Bangko Sentral ng Pilipinas (BSP) said the country's total foreign debt stood at $72.2 billion as of end-June 2018, down by $997 million, or 1.4 percent from the end-March 2018 level of $73.2 billion. "The reduction in the debt stock during the second quarter was mainly driven by negative foreign exchange revaluation adjustments ($720 million) as the dollar strengthened against third currencies, particularly the Japanese yen ($454 mil...Keep on reading: PH external debt ‘manageable,’ says BSP.....»»

Category: newsSource:  inquirerRelated NewsSep 15th, 2018

National government debt inches up to P7.043 trillion in end-July

The Philippine government’s outstanding debt ballooned in end-July, the Bureau of the Treasury reported Friday......»»

Category: financeSource:  philstarRelated NewsAug 31st, 2018

Fitch Solutions cuts PH growth forecast

Another 25-bps policy rate hike expected before yearend A Fitch Group unit has cut its 2018 growth forecast for the Philippines following a substantial second-quarter slowdown, also warning of continued headwinds amid government claims of a production-led recovery in the months ahead. In a report released on Friday, Fitch Solutions (formerly BMI Research) said it now [...] The post Fitch Solutions cuts PH growth forecast appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsAug 11th, 2018

Philippine trade year-on-year performance (June 2018)

EXTERNAL TRADE in goods likely dragged economic growth in the second quarter as sales abroad of locally made products dipped in June while imports continue to grow, based on data released by the government yesterday. Read the full story. The post Philippine trade year-on-year performance (June 2018) appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsAug 9th, 2018

Analysts’ Q2 GDP growth estimates (2018)

ECONOMISTS expect the country’s economic growth to have stayed robust in the second quarter despite faster inflation, as increased government spending and private investment offset a possible slowdown in household spending, results of a BusinessWorld poll showed. Read the full story......»»

Category: financeSource:  bworldonlineRelated NewsAug 5th, 2018