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First Bulacan, now NAIA: San Miguel-led group will operate Philippines’ main airport
(1st UPDATE) Ramon Ang first reached for the skies in 2020 when he snapped up the franchise for an international airport in Bulacan. Now, San Miguel and its partners have bagged an even bigger prize in NAIA......»»
Philippines financial sector expands by 8 percent in February
The total resources of banks and non-bank financial institutions rose by 7.9 percent to P30.87 trillion as of end-February from P28.58 trillion in the same period a year ago, based on preliminary data from the Bangko Sentral ng Pilipinas......»»
The trillion-dollar club
Could we really join the trillion-dollar club, along with the big boys, including Canada or Italy or Brazil?.....»»
Philippines has potential to grow into $2 trillion economy – WEF
The Philippines can potentially expand to a $2-trillion economy over the next decade if investments in key sectors will be sustained, particularly in education and human development, according to a top official of the World Economic Forum......»»
Debt balloons to P14.8 trillion
The issuance of domestic securities and the weakening of the peso pushed the country’s outstanding debt to a fresh high of P14.79 trillion in January, latest data from the Bureau of the Treasury showed......»»
End-January Philippine debt balloons to P14.79 trillion — Treasury
The Philippines' outstanding debt climbed to a record of P14.79 trillion as of the end of January 2024 due to the net issuance of domestic securities and the effect of peso depreciation, the Bureau of Treasury (BTr) said on Friday......»»
Bank assets up 8% to P31 trillion in 2023
The total resources of the country’s financial system went up by eight percent to hit P31 trillion in 2023, the Bangko Sentral ng Pilipinas said......»»
P3.3 trillion in agency budget released
A total of P3.3 trillion has been released to state agencies to implement priority programs and address the problem of underspending, according to the Department of Budget and Management......»»
InstaPay money transfers swell to P5 trillion
Real-time fund transfers via InstaPay jumped by 45 percent to P5 trillion last year as volume surged by 56 percent to 838.56 million, BancNet said......»»
PH debt rose to P14.62 trillion in 2023
PH debt rose to P14.62 trillion in 2023.....»»
Almost P1.2 trillion investments approved for green lane processing – BOI
Nearly P1.2 trillion worth of strategic investment projects have been approved for green lane processing since the approval of the executive order on the establishment of green lanes services, according to the Board of Investments......»»
Call to tax the very richest arises from their own ranks
The combined wealth of the world’s very richest dipped by $500 billion in 2023, to $12.2 trillion from $12.7 trillion in March 2022, according to Forbes, whose list of 2,668 billionaires in 2022 also dipped to 2,640. The post Call to tax the very richest arises from their own ranks appeared first on Bulatlat......»»
Call to tax the very richest arises from their own ranks
The combined wealth of the world’s very richest dipped by $500 billion in 2023, to $12.2 trillion from $12.7 trillion in March 2022, according to Forbes, whose list of 2,668 billionaires in 2022 also dipped to 2,640......»»
DA: Philippines needs P1.3 trillion to boost farm output
The country will need P1.3 trillion worth of investments in the next few years to boost rice production, reduce wastage of agricultural products and ensure the country’s food security, according to Agriculture Secretary Francisco Tiu Laurel Jr......»»
Philippine bank assets swell to P30 trillion
The total resources of the country’s financial system went up by almost 10 percent to breach the P30-trillion level, the Bangko Sentral ng Pilipinas said......»»
RTB issue hikes borrowings to P420 billion in February
The government borrowed 22 percent more in February primarily due to the issuance of Retail Treasury Bonds aimed at financing state projects......»»
LGU loans more than tripled in H2
The proposed domestic borrowings of local government units (LGUs) more than tripled to P48.9 billion in the second half of 2023 from P15.8 billion in the same period in 2022, the Bangko Sentral ng Pilipinas (BSP) reported......»»
Philippine government retains 6.5 to 7.5 pct GDP growth target for 2024
MANILA, Jan. 26 (Xinhua) -- National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan on Friday expressed optimism that the Philippine government will achieve a gross domestic product growth of 6.5 percent to 7.5 percent in 2024. "This growth will be supported by low and manageable inflation, a labor force with access to more and better jobs, a stronger fiscal position in the form of a lower.....»»
Philippine government retains 6.5 to 7.5 pct GDP growth target for 2024
MANILA, Jan. 26 (Xinhua) -- National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan on Friday expressed optimism that the Philippine government will achieve a gross domestic product growth of 6.5 percent to 7.5 percent in 2024. "This growth will be supported by low and manageable inflation, a labor force with access to more and better jobs, a stronger fiscal position in the form of a lower.....»»
Training on COA compliance for government institutions
To guide government institutions on their compliance with the Commission on Audit Circular 2020-006, the Center for Global Best Practices will be launching a two-session online training titled “COA Guidelines and Procedures for One-Time Cleansing of Property, Plant and Equipment Account Balances” on April 18 and 19, 2024 from 1:30 to 4:45 p.m. via Zoom......»»