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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.....»»
Hot money returns to net inflow in February
More foreign portfolio investments flowed into the Philippines in February, snapping two straight months of net outflows, amid the government’s retail Treasury bond offering......»»
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......»»
Larry Summers warns that the war vs inflation might not be over
Larry Summers, the former US Treasury Secretary (under President Bill Clinton) and former Chief Economist of the World Bank, said that the US Federal Reserve may still need to raise rates before it can declare victory in the war against inflation......»»
Government eyes P30 billion from 30th RTB issue
The government is borrowing at least P30 billion from small creditors as the Marcos administration sets its third offering of retail Treasury bonds (RTBs) to expand state coffers and finance various projects......»»
Philippines debt hits record P14.6 trillion
The Marcos administration has so far incurred P1.82 trillion in debt since it assumed office, largely due to a high interest rate environment, pushing the country’s outstanding obligation to an all-time high of P14.62 trillion in 2023, according to the Bureau of the Treasury......»»
US Senate panel urges Treasury Dept to make tech firms comply with sanctions
US Senator Mark Warner says tech companies like Alphabet and Meta have continued to provide adtech services to sanctioned entities with ties to 'foreign adversaries'.....»»
Treasury raises P81 billion from T-bill sale in January
The government borrowed a total of P81 billion through the issuance of short-term securities this month, exceeding its target after it upsized offers at the onset of the new year......»»
Treasury raises P120 billion from T-bonds
The government raised the entire program of P120 billion in long-term securities this month amid the downtrend in investor asking rates......»»
Third retail bond issue eyed in Q1
The government will borrow from small creditors in the first quarter as the Marcos administration sets its third offering of retail Treasury bonds in a bid to boost state coffers and finance various projects......»»
Filipina golfers launch bids in LPGA, Epson tours
Yuka Saso and Bianca Pagdanganan drew same tee times but on opposite nines as they kick off their campaign against the world’s best in the Mizuho Americas Open......»»
Pro boxer bids for Paris slot
Criztian Pitt Laurente is putting his pro boxing career on hold to bid for a slot in the Paris Olympics and will join Carlo Paalam, Rogen Ladon and Hergie Bacyadan in the final World Qualifiers in Bangkok on May 23-June 3. There are 51 Olympic tickets left for boxing, 28 men and 23 women, in 13 weight divisions......»»
Chery Tiggo, PLDT have contrasting fates in semis bids
There is an ocean of difference between the pathways needed by Chery Tiggo and PLDT to claim the fourth and last spot to the Premier Volleyball League All-Filipino Conference semifinals......»»
Muhammad Alis Thrilla in Manila shorts expected to smash auction records - Muhammad Ali
Bids for trunks from 1975 fight against Joe Frazier could reach $6m in online Sothebys auction The shorts worn by Muhammad Ali during his famous Thrilla in Manila fight in 1975 are expected to smash auction records at Sothebys in New York next week. The white satin Everlast trunks, which Ali signed with a black Sharpie pen, have attracted bids of $3.8m (3m) in an online auction that closes on 12 April. That puts the trunk.....»»
Top Contenders Peaking Ahead of March Madness in AP Top 25 Womens Basketball Poll
The NCAA women’s basketball tournament is quickly approaching, with Selection Sunday less than a week away. Several top teams have already secured automatic bids and.....»»
Steve Lawrence bids farewell
A voice from the past said goodbye last March 7. Singer and actor Steve Lawrence passed away from complications of Alzheimer’s disease in Los Angeles, California, at the age of 88......»»
Tahanang Pinakamasaya bids farewell, 130 employees displaced — reports
Television and Production Exponents (TAPE) Inc.'s "Tahanang Pinakamasaya" has bid farewell, according to reports......»»
Saso, Pagdanganan power way back into contention
Yuka Saso and Bianca Pagdanganan pounded the long holes of the Siam Country Club’s Old course with their remarkable power as they fired 69 and a 68, respectively, keeping their respective bids alive after 36 holes of the Honda LPGA Thailand......»»
Mindanao aspirants begin bids in Gov. Jubahib Cup netfest
Promising young talents from the southern regions take center stage in pursuit of titles and ranking points in the Gov. Edwin Jubahib Cup national tennis championships......»»
Yap bids Rain or Shine goodbye
Veteran James Yap has parted ways with Rain or Shine, triggering talks of making his swan song elsewhere or him finally calling it a career......»»