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Gov’t posted P5.2-B budget deficit in September

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The Department of Finance (DOF) on Wednesday reported that the government posted a budget deficit of P5.2 billion last September—a reversal of the surplus recorded in August.

Posted: October 30th, 2014 in Headlines | Read More »

With funds OKd, gov’t all set to take over MRT-3

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The Department of Transportation and Communications is proceeding with the full takeover of the Metro Rail Transit Line 3 via an estimated P54-billion equity value buy-out plan at the start of 2015, a senior government official said on Thursday.

Posted: October 17th, 2014 in Headlines | Read More »

Troubled traders seek additional funding

Sergio R. Ortiz-Luis Jr., president of the Philippine Exporters Confederation

Philippine exporters are seeking bigger funding from the government for product development and export promotions, to enable local enterprises to become more competitive in the global market.

Posted: September 27th, 2014 in Headlines,Latest Business Stories | Read More »

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 »

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