Philippines morning news for March 21

Philippines morning news for March 21

House clears 2019 budget hurdle THE LEGISLATIVE DEADLOCK over the P3.757-trillion national budget for 2019 appears finally headed for resolution, with the House of Representatives “physically retrieving” on Wednesday the copy it transmitted to the Senate on March 11. — BusinessWorld Online Duterte: Misuari threatened war if federalism doesn’t happen For Moro National Liberation Front […]

Philippines morning news for March 20

Philippines morning news for March 20

PHL posts BOP surplus of $467 million in February THE Philippine economy continued to earn dollars in February due mainly to gains from the foreign-exchange operations of the Bangko Sentral ng Pilipinas (BSP), the government reported on Tuesday. — Business Mirror Budget utilization averages 83% in first two months CASH usage by government agencies rose […]

Philippines morning news for March 19

Philippines morning news for March 19

Budget surplus reaches P44.5b as spending falls The government posted a budget surplus of P44.5 billion in January, or more than four times higher than the P10.2-billion surplus recorded a year ago, as revenues rose and spending fell following the failure of Congress to pass a new budget, data from the Bureau of the Treasury […]

Philippines morning news for March 18

Philippines morning news for March 18

Philippines out of ICC amid drug war inquiry The Philippines was officially out of the International Criminal Court on Sunday, though the beleaguered tribunal has pledged to pursue its examination of alleged illegal killings in the government’s drug war. — The Sun Daily External debt up 8% in 2018 to $79 billion The country’s external […]

Philippines morning news for March 15

Philippines morning news for March 15

‘Hot money’ flowed into PHL for second straight month FOREIGN investors continued to place “hot money” in the Philippines in February, as the latest data from the Bangko Sentral ng Pilipinas (BSP) showed sustained foreign portfolio investments (FPI) net inflow for the month. — Business Mirror Palace: Philippines won’t cooperate with ICC on probe vs […]

Philippines morning news for March 14

Philippines morning news for March 14

Philippines cuts 2019 GDP growth target, cites budget squabble The Philippines on Wednesday cut its 2019 GDP growth target to 6-7%, from 7-8%, citing a delay in final legislative approval of the budget, and the economic planning chief said growth might fall to below 5%. — Bangkok Post Duterte fails to break budget impasse Not […]

Philippines morning news for March 13

Philippines morning news for March 13

Palace: Duterte, Congress leaders to resolve budget CONGRESS LEADERS were scheduled to meet last night with President Rodrigo R. Duterte to discuss the impasse between the Senate and the House of Representatives on the proposed P3.757 trillion national budget for 2019. — BusinessWorld Online Trade deficit widened in January as exports declined 1.7% to $5.3b […]

Philippines morning news for March 12

Philippines morning news for March 12

Philippines gets $9.8 billion FDI in 2018, posts first drop in three years Foreign direct investment (FDI) in the Philippines fell for the first time in three years in 2018 to $9.8 billion, nearly 4.5 percent lower than prior year’s record inflow, the central bank data showed on Monday. — Reuters Philippines news site Rappler […]

Philippines morning news for March 11

Philippines morning news for March 11

Gov’t borrowings reach P947 B in 2018 The national government’s total borrowings rose to P947.55 billion in 2018 as it increased its credit from foreign lenders and other development partners, according to the Bureau of the Treasury (BTr). — The Philippine Star Scepticism of Duterte’s flirting with Beijing mounts Chinese President Xi Jinping’s state visit […]

Lao morning news for March 8

Lao morning news for March 8

Japan grants 1.9 billion kip for natural resource management in Savannakhet The government of Japan has provided grant assistance worth more than 1.9 billion kip (US$223,114) to support a project dedicated to agricultural and natural resource management in Savannakhet province. — Vientiane Times (paywall) Russian Military To Complete Mine Clearance Tasks In Laos On March […]

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