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GOCC subsidies drop to P24 billion in April

Subsidies extended by the national government to state-owned corporations reached P23.9 billion in April, lower than the funding support provided in the same period last year, data from the Bureau of the Treasury showed......»»

Category: financeSource: philstar philstarJun 7th, 2021

GOCC subsidies reach P7.6 billion from January to February

Subsidies extended by the national government to state-owned corporations amounted to P7.581 billion from January to February, lower than funding support provided in the same period last year, according to the Bureau of the Treasury......»»

Category: financeSource:  philstarRelated NewsApr 5th, 2021

GOCC subsidies hit P229 billion from January to November 2020

Subsidies received by state-run corporations rose to P228.7 billion in the first 11 months of 2020, boosted by the government’s funding support for various coronavirus pandemic response programs, according to the Bureau of the Treasury......»»

Category: financeSource:  philstarRelated NewsJan 4th, 2021

PH agri trade slides 20% in Q2

The country’s total agricultural trade value dropped by 20 percent to $4.07 billion in the second quarter from $5.09 billion year-on-year, according to the Philippine Statistics Authority. Data from the statistics agency showed that the decrease was faster than the previous quarter’s annual drop of 11.6 percent. From April to June, agricultural exports and imports […].....»»

Category: newsSource:  manilatimes_netRelated NewsSep 11th, 2020

GOCC subsidies swell in 7 months

The government extended P187.5 billion in subsidies to state-run corporations from January to July, a sharp 189 percent increase from P64.99 billion in the same period last year, according to the Bureau of the Treasury......»»

Category: newsSource:  philstarRelated NewsAug 31st, 2020

Treasury: Gov& rsquo;t debt jumps by P290b to P8.89t in May

The government’s outstanding debt jumped P290.44 billion, or 3.4 percent, in May to P8.89 trillion from P8.6 trillion in April as the government issued more securities and borrowed debt from international agencies to fund its COVID-19 response amid a sharp drop in revenue collections......»»

Category: financeSource:  thestandardRelated NewsJul 1st, 2020

Philippines total external trade shrinks 59.8 pct in April 2020

MANILA, June 10 (Xinhua) -- The Philippines' total external trade in goods in April 2020 amounted to 6.07 billion U.S. dollars, a 59.8 percent decline than its previous month's annual drop of 25.6.....»»

Category: newsSource:  manilanewsRelated NewsJun 10th, 2020

UnionBank profit surges to P8.3 billion in first half

Union Bank of the Philippines almost doubled its profit to P8.31 billion in the first half from the revised P4.27 billion in the same period last year on the back of the double-digit growth in revenues and a sharp drop in provision for potential loan losses arising from the COVID-19 pandemic......»»

Category: financeSource:  philstarRelated NewsJul 26th, 2021

Government loses P1.3 billion revenue from reduced pork tariff

The government lost more than P1.3 billion in revenue from the reduction in pork tariff as the Philippines imported at least 76 million kilos of pork from April 9 to June 11 to bring down prices of the commodity......»»

Category: financeSource:  philstarRelated NewsJul 6th, 2021

DMPI& rsquo;s pineapple exports jump 37%

Del Monte Philippines Inc. reported a 37-percent increase in pineapple exports to P5.85 billion in April from P4.2 billion a year ago, according to analytics and consulting company GlobalData......»»

Category: financeSource:  thestandardRelated NewsJul 6th, 2021

PhilHealth support boosts subsidies to GOCCs in May

Funding support for state-owned firms jumped by around 50 percent in May, as the government quadrupled its subsidies to the Philippine Health Insurance Corp. to P36.5 billion......»»

Category: financeSource:  philstarRelated NewsJun 27th, 2021

Del Monte Philippines income up 33% in its FY ending April

Campos-owned Del Monte Philippines Inc. saw its net income grow 33 percent to P4.6 billion for its fiscal yearending April 2021......»»

Category: financeSource:  philstarRelated NewsJun 22nd, 2021

DOH says dengue cases, deaths continue to decline

From January 1 to April 2021, there were 21,478 reported cases of the mosquito-borne disease—a 56% drop from the cases recorded in the same period in 2020......»»

Category: newsSource:  philstarRelated NewsJun 17th, 2021

Dollar reserves slip to $107 billion

The country’s dollar reserves slipped slightly to $107 billion in end-May from a three-month high of $108 billion in end-April as the national government spent more to bankroll its COVID-19 response measures and paid more foreign loans, the Bangko Sentral ng Pilipinas said yesterday......»»

Category: financeSource:  philstarRelated NewsJun 11th, 2021

Gross borrowings hit P272 billion in April

Gross borrowings by the national government from domestic and external sources rose to P272 billion in April, following the sale of euro and samurai bonds during the month......»»

Category: financeSource:  philstarRelated NewsMay 30th, 2021

Philippines posts $2.61 billion surplus in April

The country’s balance of payments position posted a surplus in April, reversing the deficits booked since the start of the year as more dollars flowed into the country due to higher borrowings to fight the pandemic, according to the Bangko Sentral ng Pilipinas......»»

Category: financeSource:  philstarRelated NewsMay 26th, 2021

Budget deficit shrinks in April as base effects distort spending, revenue data

The Duterte administration’s budget deficit narrowed in April, with the so-called “base effects” accounting for both the sharp pick-up in revenues and double-digit drop in spending during the month......»»

Category: financeSource:  philstarRelated NewsMay 25th, 2021

Budget gap narrows to P44 billion in April

The country’s budget deficit narrowed by 84 percent to P44.4 billion in April from a year ago, the Bureau of the Treasury said yesterday......»»

Category: financeSource:  philstarRelated NewsMay 25th, 2021

Gov& rsquo;t revenue collection surged 55% in April

The government’s budget deficit narrowed 83.8 percent in April to P44.4 billion from a year ago, on the back of a 55.46-percent growth in revenues and 27.14-percent decrease in expenditures, the Bureau of the Treasury said Tuesday......»»

Category: financeSource:  thestandardRelated NewsMay 25th, 2021

Landbank releases loans to pandemic-hit businesses

Loans extended by state-run Land Bank of the Philippines to pandemic-hit businesses reached P20.07 billion as of end-April, a year after the assistance program was launched......»»

Category: financeSource:  philstarRelated NewsMay 24th, 2021

Forex reserves rise to $107.2 billion

The country’s foreign exchange buffer went up by 2.6 percent to a three-month high of $107.25 billion as of end-April, from the revised $104.48 billion a month earlier, as the government borrowed more to beef up the country’s COVID-19 war chest, according to the Bangko Sentral ng Pilipinas......»»

Category: financeSource:  philstarRelated NewsMay 15th, 2021