Wednesday, August 28, 2024

Gov’t slashed fiscal deficit

The Marcos administration's budget deficit in July narrowed by nearly 40 percent ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌     ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌     ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌     ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌     ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌     

 

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August 29, 2024

 

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ECONOMY

Gov't slashed fiscal deficit by 40% in July


The Marcos administration's budget deficit in July narrowed by nearly 40 percent as a double-digit growth in revenue collection outpaced the modest increase in state spending. 


By Mariedel Irish U. Catilogo

 

BONDS

PH returns to global mart with fresh dollar bonds


The Marcos administration is set to return to the international debt market with the sale of more US dollar-denominated bonds. It was unclear as of press time how much the government is raising this time around, with the Bureau of the Treasury (BTr) saying only it was "benchmark-sized." The term generally means at least $500 million.


By Mariedel Irish U. Catilogo

 

ENERGY

Energy exploration firms apply for 5 concessions


Nine companies from here and abroad are seeking energy exploration service contracts in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) and other parts of the Philippines, the government said Wednesday. In a statement, the Department of Energy (DOE) said it conducted on Tuesday the opening of bids for the first BARMM Conventional Energy Bid Round.


By Lisbet K. Esmael

 

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BIZ BUZZ

Polo Club drops 'delinking' scheme


After a heated debate, they divided the house and the majority favored the status quo. Manila Polo Club members voted on Tuesday to junk a proposal to delink proprietary shares from associate memberships that can only be used by heirs while the parent shares are still held by their family.


By Doris Dumlao-Abadilla

 

INQUIRER PLUS-EXCLUSIVE

Naia hosts more flights, passengers


The soon-to-be-upgraded Ninoy Aquino International Airport (Naia) continued to see heavier passenger movement and more flights, showing a sustained demand for air travel so far this year.


By Tyrone Jasper C. Piad


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