Tag: gap
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Pangilinan: Ayala’s LRT-1 stake talks hit ‘valuation gap’
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METRO Pacific Investments Corp. (MPIC) may reconsider acquiring Ayala Corp.’s stake in Light Rail Transit Line 1 (LRT-1) due to unresolved valuation issues, according to its chairman. “We talked to them before, but there’s a bit of a gap in valuation, and I do not know how we can bridge…
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NG budget gap widens in May
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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…
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April trade gap widest in 5 months
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THE PHILIPPINES’ trade deficit narrowed year on year in April but posted the widest level in five months, as exports and imports posted double-digit growth, the statistics agency said on Tuesday.