EXPORTS of manufactured goods for this year will likely be unchanged from last year, according to a Department of Trade and Industry (DTI) official, conceding that the government’s export growth target of 10% will not be hit given an expected electronics plunge.
THE NATIONAL government’s outstanding debt rose by almost 9% year-on-year as of August as domestic borrowings surged due to the state’s issuance of retail bonds, data from the Bureau of the Treasury showed.
KEY industries continued to see strong growth in their gross revenue in the second quarter, according to the National Statistical Coordination Board (NSCB) yesterday.
THE GOVERNMENT’S new statistical authority could be fully operational within a year, a Cabinet official said, after a priority measure rationalizing the country’s statistical system was signed into law last month.
TACLOBAN CITY — The United Nations — funded Rural Micro Enterprise Promotion Program (RuMEPP) will end in December this year, an official said.
THE FINANCE department hopes that the insurance industry will continue to grow to contribute a bigger share to the Philippine financial system’s resources and play a greater role in savings mobilization, especially with the passage of amendments to the Insurance Code.
A PROCLAMATION designating several parcels of land in Bonifacio Global City as an information technology (IT) park has been signed by President Benigno S. C. Aquino III.
Department of Agriculture (DA) Secretary Proceso J. Alcala has directed the National Food Authority (NFA) to start purchasing corn grains by the start of the corn harvest season in June 2014 to make grits and pad the country’s buffer stock, according to an agency official.
THE BUREAU of Internal Revenue (BIR) continued to fall short of its tax collections as it missed its collection target in the first nine months of the year. However, the BIR is not taking this serious matter sitting down.
THE PHILIPPINES is prepared for a possible reversal of capital inflows once the US Federal Reserve’s plan to scale back its massive stimulus program pushes through, the central bank chief said.