Tag: may
-
GOCC subsidies up 32% in May
•
SUBSIDIES PROVIDED to government-owned and -controlled corporations (GOCCs) jumped by 32% year on year in May, the Bureau of the Treasury (BTr) said. Data from the BTr showed that budgetary support to GOCCs rose to P9.74 billion in May from P7.38 billion in the same month last year. Month on…
-
BSP may cut by 50 bps in October — BMI
•
A WEAK PESO may cause the Bangko Sentral ng Pilipinas (BSP) to delay the start of its easing cycle, with a 50-basis-point (bp) cut in October at the earliest, Fitch Solutions’ unit BMI said. “Given that the peso has come under heavy pressure due to fluctuations in US interest rate…
-
Gross borrowings jump by 77% in May
•
THE NATIONAL GOVERNMENT’S (NG) gross borrowings surged in May amid a rise in external debt due to the dollar bond issuance, data from the Bureau of the Treasury (BTr) showed. The NG’s gross borrowings jumped by 76.7% to P259.334 billion in May from P146.783 billion in the same month a…
-
PHL wholesale, NCR retail price growth slower in May
•
Wholesale price growth in the country and retail price growth in the National Capital Region (NCR) both eased to multiyear lows in May amid base effects, the Philippine Statistics Authority (PSA) reported on Friday. Preliminary data from the PSA showed the country’s general wholesale price index (GWPI) inched up by…
-
NG budget gap widens in May
•
THE NATIONAL Government’s (NG) budget deficit widened in May as spending growth outpaced revenues, the Bureau of the Treasury (BTr) said. The NG’s budget gap ballooned by 43.1% to P174.9 billion in May from P122.2 billion in the same month a year ago. Month on month, this was a reversal…
-
EDSA busway ridership at 23.3M from January to May
•
The Special Action and Intelligence Committee for Transportation of the Department of Transportation (DOTr-SAICT) reported that 23,323,657 passengers have been transported through the EDSA busway from January 1 to May 31, 2024. In a social media post yesterday, the committee said commuters using the EDSA busway ridership program in January…
-
PHL posts $2-B BoP surplus for May
•
THE COUNTRY’S balance of payments (BoP) position swung to a surplus in May, data from the Bangko Sentral ng Pilipinas (BSP) showed.
-
PHL may grow below target until 2028
•
THE PHILIPPINE ECONOMY may grow slower than the government’s targets this year through 2028, as high interest rates weigh on consumption, according to a global think tank. “High interest rates constrict domestic demand, so that’s one of the reasons why we’re a bit more bearish on the [Philippine] economy,” Andrew…
-
New vehicle sales rise by 5.5% in May
•
PHILIPPINE AUTOMOTIVE SALES rose by an annual 5.5% in May, amid “good consumer demand,” according to an industry group.
-
PEZA says it approved P6.87 billion worth of projects in May
•
THE PHILIPPINE Economic Zone Authority (PEZA) approved 22 new and expansion projects worth P6.87 billion in May, with the value dropping 54% from a year ago. In a statement on Thursday, the investment promotion agency (IPA) said the approved investments last month are expected to generate $100.81 million in exports…