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MANILA, Philippines — The national government’s budget gap swung to a deficit of P202.1 billion in May as spending for COVID-19 response exceeded still weak tax collection amid the pandemic.…
FILE – In this Thursday, April 25, 2019 file photo the logo of financial services company wirecard is pictured at the headquarters in Munich, Germany. Shares in German payment service…
MANILA, Philippines — No thanks to a COVID-19-induced recession, tax collections dropped by almost a fourth year-on-year to P874.9 billion as of end-May, the Department of Finance (DOF) said Friday.…
MANILA, Philippines — The Bureau of the Treasury on Monday awarded all P20 billion in T-bills it offered amid a market flushed with liquidity despite lingering uncertainty on the upcoming…
HONG KONG — Cathay Pacific Airways announced a recapitalization plan worth HK$39 billion led by the Hong Kong SAR government on Tuesday to help the Hong Kong-based carrier weather a…
MANILA, Philippines — The loans and grants secured by the Philippines to finance COVID-19 response climbed to $6.508 billion (over P325 billion) to date after it signed a $750-million loan…
MANILA, Philippines – Over eight billion liters of fuel were already marked by the government to date after oil firms paid their correct import duties and excise taxes. Bureau of…
In this March 30, 2020 file photo, bicyclists pass in front of a closed Macy’s department store in Santa Ana, California. Macy’s warned Thursday, May 21 that it could lose…
The credit line is part of a 20 trillion rupee (S$378 billion) fiscal and monetary package to support the Indian economy. PHOTO: EPA-EFE via The Straits Times/Asia News Network NEW…
The Bureau of the Treasury on Tuesday (May 12) sold P30 billion in three-year T-bonds amid robust demand for long-term securities. The bonds with a remaining life of two years…
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