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Infra spending jumped 45% in January

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As of January, expenditures for infrastructure and other capital outlay surged to P23.8 billion, a P7.4-billion or 45.1-percent increase from the P16.4 billion recorded in the same month last year. INQUIRER FILE PHOTO

Public spending on infrastructure rose by nearly half in January as the government financed reconstruction efforts in areas affected by Super Typhoon Yolanda, documents released on Thursday showed.

Posted: April 4th, 2014 in Editor's Pick,Featured Gallery,Headlines | Read More »

Asian shares mostly up after Wall St. gains

A woman walks by an electronic stock board of a securities firm in Tokyo on Thursday, March 20, 2014. Asian markets mostly rose Monday, March 31, following a rally on Wall Street as attention turns to the release of key data from Japan and the United States later in the week.  AP PHOTO/KOJI SASAHARA

Asian markets mostly rose Monday following a rally on Wall Street as attention turns to the release of key data from Japan and the United States later in the week.

Posted: March 31st, 2014 in Latest Business Stories | Read More »

Roadmaps and budgets

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Growth Targets for Agriculture

Last March 14, members of the budget committee of the public-private sector National Agriculture and Fisheries Council (NAFC) met to discuss the proposed Department of Agriculture (DA) budget for 2015.

Posted: March 20th, 2014 in Columnists,Inquirer Columns | Read More »

Gov’t raises ’14 infrastructure budget by 32.6%

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The government has significantly increased its infrastructure budget for 2014 to help meet the reconstruction needs in areas devastated by Supertyphoon “Yolanda.”

Posted: December 25th, 2013 in Headlines | Read More »

Gov’t hikes infra budget to P360B

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The government has hiked its infrastructure budget for 2014 given the rise in spending requirements for reconstruction.   Budget Secretary Florencio Abad said next year’s infrastructure spending would be raised from 3 percent to 3.2 percent of gross domestic product (GDP).   This means state funds for public infrastructure would increase from P360 billion to [...]

Posted: December 19th, 2013 in Headlines | Read More »

Portugal’s latest austerity budget goes to vote

Lawmakers of the government coalition parties stand up to vote approving the government's 2014 state budget proposal at the Portuguese parliament in Lisbon Friday, Nov. 1 2013. AP FILE PHOTO

Portugal’s coalition government is set to use its majority in Parliament to approve its 2014 state budget despite the fierce objections of opposition parties and labor groups.

Posted: November 26th, 2013 in Latest Business Stories | Read More »

Budget rift pushes US to brink of debt default

The US Capitol Dome is seen in the distance as American flags fly on the National Mall around the base of the Washington Monument, Tuesday, Oct. 15, 2013, in Washington. The federal government remains partially shut down and faces a first-ever default between Oct. 17 and the end of the month.  AP

A dramatic day of political breakdowns thrust the United States dangerously close Tuesday to a debt default deadline and left the global economy exposed to unpredictable knock-on turmoil.

Posted: October 16th, 2013 in Latest Business Stories | Read More »

Fitch puts US debt rating on watch for downgrade

AFP FILE PHOTO

Rating agency Fitch on Tuesday put the United States on warning for a downgrade after Congress failed to reach a deal on raising the country’s debt ceiling.

Posted: October 16th, 2013 in Latest Business Stories | Read More »

Obama warns Wall Street over fiscal crisis

President Barack Obama   AP FILE PHOTO

President Barack Obama sent Wall Street a blunt warning Wednesday that it should be very worried about a political crisis that has shut down the government and could trigger a US debt default.

Posted: October 3rd, 2013 in Latest Business Stories | Read More »

US stocks sink as government heads toward shutdown

The morning sun illuminates the US Capitol in Washington, Monday, Sept. 30, 2013, as the government teeters on the brink of a partial shutdown at midnight unless Congress can reach an agreement on funding. US stocks sank Monday as Wall Street worried that a budget fight in Washington could lead to an event far worse for the economy—a failure to raise the nation's borrowing limit.  AP PHOTO/J. SCOTT APPLEWHITE

US stocks sank Monday as Wall Street worried that a budget fight in Washington could lead to an event far worse for the economy—a failure to raise the nation’s borrowing limit.

Posted: October 1st, 2013 in Latest Business Stories | Read More »

Senate sub-committee green lights NTC budget

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Senator Francis "Chiz" Escudero.  PHOTO BY RICHARD A. REYES

The National Telecommunications Commission (NTC) P244.8 million proposed budget was approved on Tuesday by the Senate finance sub-committee.

Posted: September 24th, 2013 in Latest Business Stories | Read More »

Gov’t stepping up infra spending

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The government will accelerate spending on infrastructure in the fourth quarter of the year in a bid to meet its expenditure program for 2013.

Posted: September 19th, 2013 in Headlines | Read More »

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