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NEDA chief touts Philippines' tools to restart economy

ABS-CBN News
Posted at May 22 03:51 PM

The Philippines has "other instruments" to stimulate the economy aside from loans and the national budget, Acting Socioeconomic Planning Secretary Karl Kendrick Chua said Friday, as the country prepared for further easing of pandemic lockdowns.   Read more »

China's young spenders say #ditchyourstuff as economy sputters

Lusha Zhang and Ryan Woo, Reuters
Posted at May 04 01:35 PM

For a growing number of Chinese like Tang, hit by job losses, furloughs and salary cuts, the consumer economy has begun to spin in reverse. They are no longer buying - they are selling. Read more »

Military spending saw biggest increase in a decade in 2019: study

Agence France-Presse
Posted at Apr 27 12:32 PM

Global military expenditure saw its biggest uptick in a decade in 2019, researchers said Monday, marking the first year two Asian countries were among the top three spenders. Read more »

How the coronavirus transformed the way Americans spend their money

Lauren Leatherby and David Gelles, The New York Times
Updated as of Apr 14 08:09 AM

The coronavirus has profoundly altered daily life in America, ushering in sweeping upheavals to the U.S. economy. Among the most immediate effects of the crisis? Radical changes to how people spend their money. Read more »

Finance chiefs vie to inoculate world economy against virus

Jitendra Joshi, Agence France-Presse
Posted at Mar 19 10:31 PM

Governments and central banks are injecting eye-popping sums and emergency policy remedies into the global economy as the coronavirus pandemic upends all normal life. Read more »

Robredo tells mayors: Money should be no issue during elections

Adrian Ayalin, ABS-CBN News
Posted at Mar 06 03:48 PM

Vice President Leni Robredo on Friday discouraged mayors from using money to bribe their way to victory as she addressed local officials who finished an 8-month fellowship on leadership sponsored by her office and Kaya Natin Movement for Good Governance and Ethical Leadership. Read more »

World defense spending spikes as rivalries heat up

Damon Wake, Agence France-Presse
Posted at Feb 15 03:20 AM

Global defense spending saw its biggest jump in a decade in 2019, driven by the US and China, a study said Friday, as rivalries and conflicts stoke military investment. Read more »

Huge US spending deal clears Congress, heads to Trump

Agence France-Presse
Posted at Dec 20 07:58 AM

The US Senate on Thursday passed a gigantic $1.4 trillion spending deal that pumps nearly $50 billion in extra funding into federal agencies and prevents a holiday-season government shutdown, if President Donald Trump signs it as expected. Read more »

Gov't confident it can meet infra spending target for 2019

ABS-CBN News
Posted at Nov 30 01:32 AM

The Philippine government says it's on track to meet its infrastructure spending for the year despite budget delay concerns. That, as it greenlights 7 new projects amounting to over P3.6 billion. Read more »

Japan's retail sales post sharpest fall since 2015 as tax hike hits demand

Daniel Leussink, Reuters
Posted at Nov 28 10:25 AM

Japan's retail sales tumbled at their fastest pace in more than 4-1/2 years in October as a sales tax hike prompted consumers to cut spending, raising a red flag over the strength of domestic demand.   Read more »

What type of spender are you?

Moneymax.ph
Posted at Sep 20 03:10 PM

Have you ever wondered what your money personality is? You may not know it, but your spending habits say a lot about who you are as a person. It’s important to determine what type of spender you are as part of your own self-reflection.   Read more »

Philippine debt hits P7.8 trillion in July

ABS-CBN News
Posted at Sep 03 10:09 PM

The national debt stood at P7.8 trillion at the end of July, 10.8 percent higher than the same month last year, the Bureau of Treasury said Tuesday.  Read more »

Infra spending not enough, PH also needs to cut rates: analyst

ABS-CBN News
Posted at Aug 29 08:12 PM

The Philippines needs to cut interest rates more quickly even as it speeds up its spending on key infrastructure projects if it wants to accelerate economic growth, an analyst said on Thursday. Read more »

Media experts recommend transparency in digital campaign spending for 2022 elections

Celine Isabelle Samson, VERA Files
Posted at Aug 11 04:28 PM

To combat new forms of disinformation and propaganda that circulated on social media during the Philippine elections in May, three academics who studied the midterm polls suggest transparency in digital campaign spending in the 2022 electoral exercise. Read more »

Budget deficit shrinks in first half as spending falls

ABS-CBN News
Posted at Jul 22 03:56 PM

The Philippines' budget deficit fell in the first half of the year as the revenues increased and government spending slowed, the Bureau of Treasury said Monday. Read more »

Recto seeks cap on PH debt

Dharel Placido, ABS-CBN News
Updated as of Jul 19 09:13 PM

MANILA - Sen. Ralph Recto filed a bill seeking to put a cap on the Philippines’ debt at 50 percent of the gross domestic product. Read more »

Gov't books P2.6-B budget surplus in May

ABS-CBN News
Posted at Jun 25 07:06 PM

The Philippines posted a budget surplus of P2.6 billion in May as revenue collections outpaced spending, the Bureau of Treasury said on Tuesday.  Read more »

SM plans to open 5 to 7 malls each year in next 5 years, says COO

Jessica Fenol, ABS-CBN News
Updated as of Jun 21 04:27 PM

The key to staying relevant today is changing the retail mix and by "elevating" customer service, SM Supermalls COO Steven Tan told ABS-CBN News on the sidelines of the Philippine Retailers Associations OFR Awards night.    Read more »

Finance dept targets P3.7 trillion spending in 2019

ABS-CBN News
Updated as of May 24 11:19 PM

Philippine economic managers gunning for higher government spending this year even amid the delay in the passage of the 2019 national budget. Read more »

PH debt rises to P7.8 trillion in March, up 13.4 pct year-on-year

ABS-CBN News
Posted at May 07 05:30 PM

 Philippine debt stood at P7.802 trillion in March, 13.4 percent higher than the P6.879 trillion posted in the same month last year, the Bureau of Treasury (BTr) said Tuesday.  Read more »