Tag: bworldonline
-
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…
-
DA to allow 200,000 MT of refined sugar imports
•
THE Department of Agriculture (DA) said it is planning to allow imports of around 200,000 metric tons (MT) of refined sugar to fill a projected supply gap during the off-milling season.
-
DBCC keeps growth targets until 2028 despite external headwinds
•
ECONOMIC MANAGERS on Thursday retained their growth targets for this year until 2028 despite external headwinds. The Development Budget Coordination Committee (DBCC), which sets official macroeconomic assumptions and fiscal program, maintained its Philippine gross domestic product (GDP) growth target at 6-7% this year, and at 6.5-7.5% in 2025. “Despite external…
-
MIRU’s track record: A concern for the US
•
By Rep. Rodante Marcoleta, SAGIP Party-List An investigative piece by the US-based journal Politico has cast a spotlight on Miru Systems, questioning the deployment of their voting technology in Iraq and Congo — nations supported by US election funding but plagued by technical glitches. More than focusing on technological snafu,…
-
[B-SIDE Podcast] Importance of road-worthy vehicles on the daily lives of Filipinos
•
Follow us on Spotify BusinessWorld B-Side According to the World Health Organization, despite an alarming number of cases, road traffic injuries are often neglected public health issues. With this concerning issue, Mr. John Alison Uy of the Vehicle Inspection Center Operators Association of the Philippines (VICOAP) elaborated on the importance of road safety and road-worthy vehicles to avoid road crashes and deaths. Follow us on Spotify BusinessWorld B-Side
-
NCR wage increase likely in July, says Labor chief
•
A WAGE INCREASE in the Philippine capital and nearby cities is likely in July, based on past decisions by the regional wage board, according to the country’s Labor chief.
-
CEOs worry over business viability
•
OVER HALF of Philippine-based chief executive officers (CEOs) are concerned over the viability of their businesses in the next 10 years without reinvention, according to a report by PwC Philippines.
-
Philippines’ current account deficit seen to further narrow this year
•
THE PHILIPPINES’ current account deficit is seen narrowing further this year amid a more positive global outlook, Fitch Solutions’ unit BMI said. In a report dated June 25, BMI lowered its current account deficit forecast to 2.3% of gross domestic product (GDP) from 2.8% previously. This is narrower than last…
-
Peso to remain weak as BSP appears less likely to defend
•
THE PESO may remain weak against the dollar as the Bangko Sentral ng Pilipinas (BSP) is not expected to “strongly” defend the currency amid its recent dovish policy signals, Bank of America (BofA) Global Research said. “(The Philippine peso) remains on the weaker side, taking cues from the BSP’s dovish…
-
BSP rate cuts unlikely this year — ANZ
•
THERE IS NO ROOM for the Bangko Sentral ng Pilipinas (BSP) to cut rates this year as inflation may still potentially breach the target, ANZ Research said. “Rate cuts in Indonesia and the Philippines are also not on the table this year… In the Philippines, inflation though receding, is still…