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State revenues hit P1.4 trillion in April
The country generated P1.4 trillion in revenues from January to April as the government ramped up its revenue mobilization efforts, Finance Secretary Ralph Recto said......»»
Non-banks’ domestic claims up by 15 percent in Q4
The domestic claims of non-bank financial institutions increased by 15 percent to P9.05 trillion in the fourth quarter of 2023 from P7.87 trillion in the same quarter in 2022, based on a survey of the Bangko Sentral ng Pilipinas (BSP)......»»
P1.7 trillion investments show confidence in Philippines
For some members of the House of Representatives, the P1.7 trillion in investments infused by local and foreign traders in 2023 proved business confidence in the country and in President Marcos......»»
‘Climate change inaction cost to reach P1.4 trillion by 2030’
The cost of inaction against climate change could reach P1.4 trillion by 2030, or about eight percent of the 2020 gross domestic product, the Department of Environment and Natural Resources said yesterd.....»»
Gov’t debt slightly drops to P14.93T
The national government’s total debt dropped to P14.93 trillion as of the end of March, down 1.67 percent from the previous month’s P15.12 trillion. This was because more money was repaid for domestic government loans than was borrowed. The Bureau of Treasury reported that 31.14 percent of the debt is from outside the country, while.....»»
Government hikes borrowings to P2.57 trillion for this year
The Philippines raised its 2024 borrowing program by four percent to P2.57 trillion, which could make fiscal consolidation more challenging for the government......»»
InstaPay, PESONet transactions hit P3.8 trillion in Q1
The value of online payments coursed through the automated clearing houses established by the Bangko Sentral ng Pilipinas (BSP) reached P3.81 trillion in the first three months of the year, as Filipinos continue to use digital channels for their financial transactions......»»
Philippines digital economy expands by 7.7 percent in 2023
The value of the Philippine digital sector went up by 7.7 percent to P2.05 trillion in 2023 from P1.9 trillion in 2022, according to the Philippine Statistics Authority......»»
Digital economy contributes 8.4 pct to Philippine economy in 2023
MANILA, April 25 (Xinhua) -- The digital economy amounted to 2.05 trillion pesos (35.396 billion U.S. dollars) in 2023, contributing 8.4 percent to the country's gross domestic product (GDP), the Philippine Statistics Authority (PSA) said Thursday. "This resulted in a 7.7 percent growth from the 1.90 trillion pesos (32.8 billion dollars) gross value added of the digital economy in 2022," the agency said......»»
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......»»
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.....»»
Pro Tip: If It’s Too Good To Be True, It’s Probably a Scam
The allure of seemingly unbeatable opportunities can and will always be tempting, especially for those willing to risk it all for the promise of financial freedom with minimal effort. However, there’s a fundamental saying that can serve as a very good reality check against these opportunities: If it’s too good to be true, it probably […].....»»
She was too sick for a traditional transplant. So she received a pig kidney and a heart pump
She was too sick for a traditional transplant. So she received a pig kidney and a heart pump.....»»
Rivals say Biden, Trump too old to lead
PETERBOROUGH/MANCHESTER/NASHUA, New Hampshire — Former South Carolina Gov. Nikki Haley accused rival Donald Trump of being “obsessed” with dictators and too old to lead, in a final campaign stretch in New Hampshire on Saturday, ahead of Tuesday’s nominating contest. Meanwhile, US President Joe Biden’s challenger Dean Phillips, a wealthy congressman from Minnesota, also criticized.....»»
Budget releases, utilization up in Q1
he government increased its releases of cash allocations with state agencies as of the first quarter following the record P5.768-trillion budget this year......»»
Taking finances personally
A country, or its government, can be criticized by economists for being too frugal and not spending all its budget to grow the economy, create jobs, and increase capital investment......»»
Introducing native coffee in a tea bag in Cotabato City
For Mrs. Mambai Sapalon-Romasanta, 53, the way powdered native coffee is being sold in Cotabato City is just not presentable. In the public market, for example, ground coffee is being displayed in big mounds out in the open air like the way vendors sell rice. And with the way Cotabateños prepare their coffee—brewing the coffee […].....»»
‘Social media partly to blame for teenage pregnancies’
Too much social media exposure is partly to blame for the alarming rise in teenage pregnancies in the country, the Commission on Population said yesterday......»»
Taylor Swift-NFL conspiracy theories are the result of 2 sets of hardcore fans colliding
A vocal minority of NFL fans have complained that Swift is receiving too much airtime during games. But it is not just Swift who is disrupting the NFL, it is also her fans: the 'Swifties.'.....»»