April budget gap swells to P274B
Spending on public goods and services more than doubled in April as the government tried to ease the pain inflicted on vulnerable sectors by the COVID-19 pandemic, but revenues suffered…
Faster food price hikes amid lockdown hurt poor families’ pockets in April
Faster food price hikes amid the COVID-19 lockdown in April hurt the pockets of poor families as they had to shell out more despite many of them losing jobs and…
Gov’t local debts rise to P5.56T in April at COVID-19 pandemic height
As investor appetite for government securities recovered in April, outstanding IOUs sold by the Bureau of Treasury further increased to P5.56 trillion that month. Government securities had become delectable investment…
US retail sales plunged a record 16% in April as virus hit
A woman walks with a child at SouthPark Mall on in Strongsville, Ohio. Ohio retail businesses reopened Tuesday following a nearly two-month-long shutdown ordered by Gov. Mike DeWine to limit…
US retail sales likely tumbled in April as virus took hold
Shoppers walk past a sign encouraging masks at SouthPark Mall, Wednesday, May 13, 2020, in Strongsville, Ohio. Ohio retail businesses reopened Tuesday following a nearly two-month-long shutdown ordered by Gov.…
DBM releases P3.57 billion for Marawi rehab projects in April
The Department of Budget and Management (DBM) in April released a total of P3.57 billion for projects, including mass housing, that formed part of the rehabilitation and reconstruction of war-torn…
More room for BSP’s economic boosters confirmed by benign April inflation
The central bank on Tuesday (May 5) said it has space to roll out additional measures to support the Philippine economy thanks to a benign price environment highlighted by the…
2.2 percent April inflation lowest in 5 months but food prices up
Inflation eased to a five-month low of 2.2 percent in April as transport costs plunged during a lockdown that restricted mobility and global oil prices took a dive because of…
Low April inflation to give BSP more room to deploy economic boosters
The central bank expects the country’s inflation rate for April — due to be announced by the government on Tuesday (May 5) morning — to remain low and give the…
PH’s Purchasing Managers’ Index plunges to new low in April amid ECQ
MANILA, Philippines – Manufacturing in the Philippines shrank to its lowest level in April, at the height of the enhanced community quarantine (ECQ) imposed in Luzon and other parts of…