The country continues to face economic easing in the wake of the flood control scandal, which led to the resignation of senior Cabinet members and the filing of cases against several public officials ....
The total amount of subsidies given to government-owned and controlled corporations plummeted by 26 percent from January to November, with the bulk of the funding earmarked for food stability and irrigation ....
The national government’s budget deficit narrowed to P157.6 billion in November, driven by a sharp decline in government expenditures, according to the latest data released by the Bureau of the Treasury....
The national government plans to borrow more than P800 billion from the domestic market in the first quarter of next year, according to the Bureau of the Treasury....
With the expected surge in demand for banknotes in this season of gift-giving, the Bangko Sentral ng Pilipinas is urging Filipinos to consider using digital or electronic money or e-aguinaldo instead of cash gifts to godchildren, family and friends.
Life insurer Pru Life UK reported a new business annual premium equivalent of P7.38 billion as of the third quarter, demonstrating strong growth in the Philippine life insurance market through expanded distribution ....
The country’s external debt service burden decreased by 21 percent from January to September this year compared to the same period last year, according to the latest data from the Bangko Sentral ng Pilipinas....
The national government marginally increased its fund disbursements to state agencies by 1.2 percent and subsequently recorded a higher implementation rate, according to the latest data from the Department of Budget and Management....