Philippines morning news for March 28

Philippines morning news for March 28

MADE IN CHINA: Loan terms with waivers, shrouded in secrecy The Philippine government has repeatedly downplayed fears of the country falling into what is dubbed as the Chinese debt trap. — Rappler Economists count budget delay’s Q1 cost ECONOMIC GROWTH this quarter could hover close to last quarter’s pace but will be substantially slower than […]

Lao morning news for March 27

Lao morning news for March 27

Little Laos struggles to swallow Chinese debt Fifty years ago, the little town of Luang Prabang in Laos threw its hat in with the United States, allowing a “secret war” to be waged against Vietnamese communism from its airfield. — UCA News Japanese grant assistance targets community infrastructure projects The Japanese government has committed grant […]

Philippines morning news for March 27

Philippines morning news for March 27

Impasse on proposed 2019 budget ends; Congress sends spending bill to Palace The deadlock on the proposed ₱3.757-trillion 2019 budget was finally broken on Tuesday, with Senate President Vicente “Tito” Sotto III signing the enrolled spending bill and Congress transmitting it to Malacañang for President Rodrigo Duterte’s signature. — CNN Philippines Philippines measles update: Nearly […]

Lao morning news for March 26

Lao morning news for March 26

China, Laos pledge to push forward bilateral ties Visiting Chinese Vice Foreign Minister Kong Xuanyou and Lao Vice Foreign Minister Khampao Ernthavanh have held diplomatic consultations and exchanged views on bilateral relations as well as regional and international issues of common concern. — China.org.cn Vientiane, Korean firms sign on riverside project second phase Vientiane authorities […]

Philippines morning news for March 26

Philippines morning news for March 26

External debt service up 5.4% in 2018 at $7.7 B The Philippines’ external debt service burden rose by 5.4 percent in 2018 to $7.704 billion from $7.309 billion in 2017 as public sector borrowing to fund infrastructure projects increased last year. — Manila Bulletin No request to renegotiate PH-US Mutual Defense Treaty United States Deputy […]

Lao morning news for March 25

Lao morning news for March 25

Public Financial Management A Path To Maximize Return On Investment in Future of Laos: World Bank With a growing population and rapidly developing and urbanizing socio-economy requiring investment in human resources and infrastructure, the calls on public finances in Laos are larger than ever. — The Laotian Times Cambodia to buy 200 megawatts from Laos […]

Philippines morning news for March 25

Philippines morning news for March 25

China could seize gas in Reed Bank if PH can’t pay loans – Carpio The Philippines should be wary about the Chico River Pump Irrigation Loan Agreement because it could potentially allow China to take the gas-rich Reed Bank (Recto Bank) in the West Philippine Sea if it is unable to pay the $62-million loan, […]

Philippines morning news for March 22

Philippines morning news for March 22

Ex-PH officials bring China’s Xi to Int’l Criminal Court Two former Philippine officials and a group of fishermen filed a complaint against Chinese President Xi Jinping before the International Criminal Court (ICC) for crimes against humanity over environmental damage in the South China Sea. — Rappler Philippines happier now based on World Happiness Report 2019; […]

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 […]