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Gov’t nearly balanced budget as it spent less in July

The Department of Trade and Industry has stepped up its monitoring efforts amid speculations that prices of basic necessities and prime commodities have spiked as a result of the continued congestion at the port of Manila. INQUIRER FILE PHOTO

The government failed to sustain the rise in spending in July, fueling concerns over the state’s ability to boost growth amid climbing interest rates and rising consumer prices.

Posted: August 30th, 2014 in Headlines,Latest Business Stories,Money | Read More »

Infrastructure spending surged 63% in June

AFP FILE PHOTO

Infrastructure spending rose by nearly two thirds in June as the government tried to catch up on disbursements after falling behind for two months.

Posted: August 21st, 2014 in Editor's Pick,Headlines,Latest Business Stories | Read More »

Agency seeks bigger budget for rice R&D

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The Philippine Rice Research Institute (PhilRice) is seeking a bigger budget for rice research and development, citing studies showing that the country’s R&D spending has been lower than those of neighboring countries.

Posted: July 5th, 2014 in Headlines | Read More »

Aboitiz unit raises capital outlay by 35% to P5.4B

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The property unit of the Aboitiz group has mapped out a nationwide expansion program and will increase its capital expenditure program for this year.

Posted: July 3rd, 2014 in Headlines | Read More »

Gov’t posts P80.9B budget surplus in April

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The government posted a budget surplus in August as revenue collection grew by a much faster pace than expenditures.

A record-high budget surplus was recorded in April, nearly wiping out the deficit since the start of the year, as government spending slumped despite the need for extensive reconstruction efforts in typhoon-ravaged Visayas.

Posted: June 5th, 2014 in Editor's Pick,Headlines | Read More »

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