News Articles on {?keyword?} | ABS-CBN News

How to invest in real estate in the Philippines

Moneymax.ph
Posted at Jan 18 08:59 AM

If you think you have a good shot of making it big, don’t buy your first real estate property just yet. It’s time to strategize first.   Read more »

PH economic recovery to be slower than neighbors: HSBC economist

ABS-CBN News
Posted at Jan 12 02:28 PM

The Philippines is likely to experience slower economic recovery compared to its Asian peers, due to the slow recovery of services sector which is a major contributor to its growth, an economist said Tuesday. Read more »

Real estate investments to explore in 2021

Moneymax.ph
Posted at Jan 11 07:22 AM

Why not try exploring real estate? It’s a solid investment vehicle that's brought financial growth to a lot of Filipinos. Read more »

World Bank sees more countries in 'deep debt distress' this year

Reuters
Updated as of Jan 06 10:57 AM

Chad and several other countries are already in deep debt distress and more will join their ranks this year, given the severity of the global recession triggered by the COVID-19 pandemic, World Bank Group President David Malpass said. Read more »

Duterte veto on reporting intel fund use to Congress leaders slammed as 'unconstitutional'

ABS-CBN News
Posted at Dec 30 01:13 PM

Bayan Muna party-list Rep. Ferdinand Gaite on Wednesday slammed as "unconstitutional and unsound" President Rodrigo Duterte's refusal to disclose to Congress how intelligence funds in the 2021 national budget would be spent. Read more »

Global shares edge up as Trump signs $2.3 trillion aid bill

Hideyuki Sano, Reuters
Posted at Dec 28 03:23 PM

Global shares climbed on Monday after US President Donald Trump signed into law a $2.3 trillion pandemic aid and spending package, backing down from his earlier threat to block the bipartisan bill. Read more »

Trump signs pandemic aid and spending bill, averting gov't shutdown

Steve Holland and Susan Cornwell, Reuters
Updated as of Dec 28 12:24 PM

US President Donald Trump on Sunday signed into law a $2.3 trillion pandemic aid and spending package, restoring unemployment benefits to millions of Americans and averting a federal government shutdown in a crisis of his own making. Read more »

Jan-Nov budget deficit exceeds P1T on weak revenue collection, spending uptick

ABS-CBN News
Posted at Dec 23 12:21 PM

MANILA - The Philippine budget gap from January to November breached the P1-trillion mark as tax and non-tax revenue collections remained weak amid slight improvement in government spending, the Bureau of the Treasury (BTr) said Wednesday.   Read more »

Christmas Saving Tips to Enjoy Your Quarantine Holidays

Moneymax.ph
Posted at Dec 22 09:42 AM

It’s Christmas, but you should also be smart about your money: it’s the right time to start saving and preparing for next year!    Read more »

Why you should say no to a higher credit card limit

Aneth Ng-Lim
Posted at Dec 21 09:30 AM

This time of the year, in anticipation of holiday shopping and to push consumers to spend, credit card companies are aggressively offering increases on credit card limits. If you’ve been a good customer – that is you always pay on or before the due date – you are likely on your credit card company’s target list.  Read more »

Saudi cuts spending as 2020 budget deficit soars due to pandemic, oil woes

Davide Barbuscia and Marwa Rashad, Reuters
Posted at Dec 16 08:49 AM

Saudi Arabia on Tuesday projected its 2020 budget deficit will soar to around $79 billion, as the world's top crude exporter reels from low oil prices and a coronavirus-led economic downturn. Read more »

PLDT to spend at least P88 billion next year to improve telco services

ABS-CBN News
Updated as of Dec 14 12:36 PM

The 2021 capital expenditure is at least 20 percent higher than the P73 billion allotted and spent this year, PLDT said. Read more »

Congress to finalize 2021 nat'l budget 'this week'; 'unimplementable' projects purged

RG Cruz, ABS-CBN News
Posted at Dec 08 03:19 PM

House Appropriations Committee chair Eric Go Yap told reporters Tuesday that the bicameral conference committee is set to finish reconciling the Senate and House versions of the budget bill "this week," with a final ratification by both chambers being eyed by Wednesday. Read more »

Gov’t says fiscal stimulus enough despite forecasting worst post-war recession

ABS-CBN News
Posted at Dec 03 10:49 PM

The 2021 budget will be enough to revive the economy, government officials said on Thursday despite projecting the worst full-year recession since World War 2. Read more »

Japan prosecutors seek to question ex-PM Abe on spending scandal: media

Agence France-Presse
Posted at Dec 03 03:41 PM

Japanese prosecutors are seeking to question former prime minister Shinzo Abe over a scandal involving the cost of events held for his supporters, local media said Thursday. Read more »

4 Smart Ways to Spend Your 13th Month Pay

Moneymax.ph
Posted at Dec 03 06:23 AM

The new normal is the perfect time to re-evaluate your financial priorities. Y Read more »

Senate earmarks P83B for COVID-19 vaccine purchase, distribution in 2021 budget

Katrina Domingo, ABS-CBN News
Posted at Nov 26 09:20 PM

The Senate on Thursday allocated P83 billion for the purchase, storage, and distribution of COVID-19 vaccines next year, much higher than the Department of Budget and Management's proposed P2.5 billion fund for immunization against the highly contagious disease.   Read more »

PH fiscal deficit balloons to P940.6-B from Jan-Oct on weak revenues

ABS-CBN News
Posted at Nov 25 01:43 PM

The national government's budget deficit widened in October from its year-ago figure as revenues shrunk and spending slowed for the month. Read more »

Ikea furnishes strong results despite pandemic

Agence France-Presse
Updated as of Nov 24 09:56 PM

Consumers continued to spend strongly to furnish their homes despite the coronavirus pandemic, the holding company that includes most Ikea stores said Tuesday. Read more »

'Bazooka, not a pistol': PH billionaires say more govt stimulus needed to revive economy

Warren de Guzman, ABS-CBN News
Updated as of Nov 23 03:25 PM

Philippine billionaires on Monday said more government stimulus is needed to revive the pandemic-battered economy, which slipped deeper into recession following an 11.5 percent contraction in the third quarter. Read more »