Economy

BSP has injected PHP1.9 trillion (approx US$39.2 billion) liquidity into the financial system

BSP PR The BSP has injected approximately PHP 1.9 trillion ( or US$39.2 billion) in liquidity into the financial system. This is equivalent to 9.6 percent of GDP. The amount includes the new...

PEZA: Let’s build PH competitiveness for exports, ecozone investments as countries compete amidst pandemic

PEZA PR Pasay City – While employments and investments are being affected as the global economy suffers from the COVID-19 pandemic, the Philippine Economic Zone Authority Director General Charito “Ching” Plaza urged...

PH debt reaches P9.6T

According to the Bureau of Treasury, P450 billion have been added to the country’s debt in just a month resulting to P9.6T due to the net issuance of domestic securities. Beginning 2020,...

BSP point inflation projection for September is 2.2 percent

BSP PR The BSP Department of Economic Research projects inflation for September 2020 to settle within the 1.8 – 2.6 percent range. Lower rice and oil prices as well as Meralco power rates,...

National Government Debt Recorded at P9,615 Billion as of end-August 2020

PR MANILA, Philippines, 30 September 2020 – The National Government’s (NG) outstanding debt stood at P9,615.03 billion as of end-August 2020. The total debt stock for the month grew by P450.88 billion...

Deputy Speaker Legarda thanks PRRD’s economic team for competent, transparent fiscal management amid pandemic

DOF PR Finance Secretary Carlos Dominguez III has assured lawmakers that President Duterte’s economic team will maintain full transparency and exercise sound management of the government’s fiscal resources in meeting the challenges...

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