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Budget shortfall unlikely to return to pre-COVID-19 level — DBCC
Nearly two years into the term of the Marcos administration, government economists acknowledged that reducing the country’s budget deficit would take longer than initially projected amid the need to still support key programs despite a limited fiscal space, with returning to pre-COVID levels unlikely to happen in the short-term......»»
Budget shortfall unlikely to return to pre-COVID-19 level — DBCC
Nearly two years into the term of the Marcos administration, government economists acknowledged that reducing the country’s budget deficit would take longer than initially projected amid the need to still support key programs despite a limited fiscal space, with returning to pre-COVID levels unlikely to happen in the short-term......»»
Xinhua world economic news summary at 0900 GMT, April 1
MANILA -- The Philippine government's budget deficit increased to 164.7 billion pesos (2.93 billion U.S. dollars) in February, the country's Bureau of the Treasury said Monday. "The wider budget gap stemmed from the 22.14 percent year-over-year increase in expenditures, matched with moderate revenue growth of 5.73 percent," the bureau said. With the February turnout, the bureau said the year-to-date fiscal balan.....»»
BSP prodded to build up forex reserves
The Bangko Sentral ng Pilipinas should continue rebuilding its gross international reserves amid the wide current account deficit and heavy reliance on debt funding, according to Bank of America Global Research......»»
Government posts P88 billion surplus
The Marcos administration snapped eight consecutive months of budget deficit after it recorded a surplus of P88 billion in January as revenue collections outpaced spending......»»
Rare 4-shot swing keys Ababa’s rise to the top
Sarah Ababa staged an amazing comeback, erasing a daunting four-stroke deficit in just one-hole and leveraging that pivotal moment to propel herself to victory in the ICTSI Apo Golf Classic, ending a prolonged drought on the Ladies Philippine Golf Tour with a closing 73......»»
Ababa rules ICTSI Apo Golf Classic after rare 4-shot swing
Sarah Ababa staged an amazing comeback, erasing a daunting four-stroke deficit in just one-hole and leveraging that pivotal moment to propel herself to victory in the ICTSI Apo Golf Classic......»»
Philippines external trade drops 2.1 pct in January
MANILA, March 12 (Xinhua) -- The Philippines' total external trade in goods declined 2.1 percent year-on-year in January to 16.09 billion U.S. dollars, the Philippine Statistics Authority (PSA) said on Tuesday. Of the total external trade in January, 63.1 percent were imported goods, while the rest were exported goods, the agency said. The PSA said trade deficit in January amounted to 4.22 billion dollars.....»»
Chan tops Q-School
Amateur standout Aidrid Chan marked his transition to the professional ranks with a remarkable victory in the Philippine Golf Tour Q-School, overhauling a four-stroke deficit with a 68 and securing the low medal honors by three at the South Pacific Golf and Leisure Estates here yesterday......»»
‘Lucky to have Bolick’: NLEX guard takes over late in comeback win
Robert Bolick erupts for 16 points in the fourth quarter as NLEX erases a double-digit deficit in the fourth quarter to turn back Meralco.....»»
Peso underperformance likely to continue – MUFG
The Philippine peso may continue to underperform against the dollar this quarter amid the country’s wide current account deficit and expensive foreign exchange valuations, Tokyo-based MUFG Bank said......»»
Southwoods rallies to rule PAL Interclub
Manila Southwoods rode on a hot start to overcome a five-point deficit and cruise to a 13-point victory in the 75th Philippine Airlines Men’s Regular Invitational at the Pueblo de Oro Golf and Country Club yesterday......»»
Manila Southwoods roars back, claims 9th Interclub crown
Manila Southwoods battled back from a five-point deficit with a strong start then concluded with a stronger finish for 111 points, fashioning out an imposing 13-point triumph over Eastridge in the PAL Interclub Men’s regular tournament......»»
Not out of the woods
Magnolia avoided a delicate predicament by pulling the rug from under San Miguel Beer in Game Three of the PBA Commissioner’s Cup Finals at the Smart Araneta Coliseum last Wednesday but the shock reversal from a 0-2 deficit will go for naught if the Chicken Timplados Hotshots don’t even the series in Game Four at the same venue tonight......»»
EDITORIAL - Trust deficit
Even President Marcos has acknowledged that the latest people’s initiative to amend the Constitution has become so politicized it is no longer looking like a viable route to lift economic restrictions in.....»»
100th win: Phoenix solves Magnolia puzzle to extend PBA campaign
Facing elimination, Phoenix shows steely resolve and overcomes a huge deficit to end its years-long skid against Magnolia and stay alive in the PBA Commissioner's Cup.....»»
Phoenix rises from 21-point hole to stay alive vs Hotshots
The Phoenix Fuel Masters flipped the script in the second half and successfully clawed back from a 21-point second quarter deficit to force a Game 4 in the PBA Commissioner’s Cup semifinals against the Magnolia Hotshots, 103-85, Sunday at the Mall of Asia Arena in Pasay City......»»
Ginebra’s Bishop confident of turning things around vs Beermen
Despite Barangay Ginebra facing a 0-2 deficit, Gin Kings import Tony Bishop said he still likes the team's chances of getting into the PBA Commissioner's Cup finals......»»
TCC Invitational: Lascuña seizes lead from Tabuena with last-hole birdie for 72
Tony Lascuña took charge in a gripping turn of events in another punishing day at The Country Club, overcoming a huge deficit and snatching the lead from Miguel Tabuena with a clutch two-shot swing on the last hole in the third round......»»
Last-hole birdie shoves Lascuña ahead in TCC Invitational
Tony Lascuña took charge in a gripping turn of events in another punishing day at The Country Club, overcoming a huge deficit and snatching the lead from Miguel Tabuena with a clutch two-shot swing on the last hole in the third round of the TCC Invitational here yesterday......»»