Business

National Government Deficit Widens to P1,371.4 billion in 2020; Full-Year Shortfall at 7.63% of GDP

The National Government (NG) ran a P1,371.4 billion budget deficit for 2020, 24.45% lower than the revised full-year program of P1,815.4 billion, but was more than double the previous year’s P660.2...

Auring leaves ₱24M agri, infra damage in CARAGA

The worth of damage brought about by Tropical Storm Auring has reached ₱24 million in the CARAGA Region. Based on the report of the National Disaster Risk Reduction and Management Council (NDRRMC),...

BSP introduces PCMS

The Bangko Sentral ng Pilipinas (BSP) introduced Payments and Currency Management Sector (PCMS) that will manage the physical currency and digital money. “PCMS is tasked to maintain the safety and integrity of...

PH strictly monitors borders vs AH5N8 avian flu

The Philippine government is strictly monitoring the country’s borders against the entry of the AH5N8 avian flu following a report in Russia on the virus being transmitted to people. The Department of...

Price cap increase or lifting on chicken and pork sought

Chicken and hog raisers called on the Department of Agriculture (DA) to lift or increase the prevailing price ceiling on select commodities. Atty. Bong Inciong, president of the United Broiler Raisers Association...

ERC orders MERALCO to distribute ₱13B-refund

The Energy Regulatory Commission (ERC) ordered the Manila Electric Company (MERALCO) to begin distributing the refund to its customers worth ₱13.89 billion. According to ERC Chairperson and Chief Executive Officer Agnes Devanadera,...
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