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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 »

Philex gets government nod to resume Padcal operations

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ON AUG. 1 last year, Tailings Storage Facility No. 3 of Philex Mining Corp. in Itogon, Benguet, leaked and spilled 20 million metric tons of silt into the Balog Creek and Agno River. As of late April, Philex officials said cleanup in the creek was 98-percent complete. RICHARD BALONGLONG

The Mines and Geosciences Bureau has allowed Philex Mining Corp. to finally resume its operations at the Padcal mine in Benguet, roughly two years after the company was slapped with a cease and desist order.

Posted: August 29th, 2014 in Latest Business Stories | Read More »

Gov’t pulls off P120-B domestic debt swap

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The government has successfully replaced over P120 billion in domestic obligations as it continues to improve the country’s debt profile.

Posted: August 20th, 2014 in Headlines | Read More »

Gov’t urged to tap special powers to solve electricity shortage

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FILE PHOTO

The Federation of Philippine Industries (FPI) is urging the Department of Energy to tap the emergency powers provided under the Electric Power Industry Reform Act (Epira) so the government could start contracting additional generating capacities from its members.

Posted: August 1st, 2014 in Latest Business Stories | Read More »

Gov’t back in deficit in June

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Finance Secretary Cesar Purisima. AP FILE PHOTO

Government spending rose by nearly half in June, raising hopes that the Aquino administration could resume boosting economic growth in the remaining months of the year to make up for the weak first quarter.

Posted: July 29th, 2014 in Editor's Pick,Headlines | Read More »

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  • Opinion

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  • Editorial cartoon, September 01, 2014
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  • Global Nation

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