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PH trade deficit widens to $5.84 billion in June

ABS-CBN News
Posted at Aug 09 12:36 PM

The Philippines' trade deficit widened to $5.84 billion in June 2022 or an annual increase of 75.4 percent as imports outpaced exports. Read more »

Indonesia Q2 growth boosted by exports, easing COVID curbs

Agence France-Presse
Posted at Aug 05 01:43 PM

Indonesia's economic growth accelerated in the second quarter of 2022 despite global uncertainty, official data showed Friday. Read more »

Saudi Arabia records $20-B surplus after oil price surge

Agence France-Presse
Posted at Aug 05 08:52 AM

Saudi Arabia said it had achieved a rare budget surplus of over $20 billion in the second quarter of 2022, as oil revenues surged 90 percent compared to a year ago. Read more »

SM Investments net income up 27 pct to P25.5-B in H1

ABS-CBN News
Posted at Aug 03 03:22 PM

SM Investment Corp said its consolidated net income rose 27 percent to P25.5 billion in the first half of 2022 due to strong consumer spending. Read more »

Youth-driven consumption key economic driver: Diokno

ABS-CBN News
Posted at Aug 03 10:47 AM

The domestic consumption especially by the youth remains the top contributor to the country's economic growth, Finance Secretary Benjamin Diokno said. Read more »

Budget deficit rises to P215.5 billion in June

ABS-CBN News
Posted at Jul 27 05:41 PM

The national government's budget deficit rose by 43.81 percent to P215.5 billion in June as expenses outpaced revenue collections, the Bureau of Treasury said. Read more »

Finance chief Diokno says infrastructure can be funded

Wena Cos, ABS-CBN News
Updated as of Jul 26 01:36 PM

Diokno, who is also chairman of the cabinet's economic cluster, said this was possible thanks to an improved tax system. Read more »

DBM eyes submission of proposed 2023 budget in August

Vivienne Gulla, ABS-CBN News
Posted at Jul 26 10:58 AM

The DBM is working on the proposed 2023 national budget which it aims to submit to Congress in August, Budget Secretary Amenah Pangandaman said. Read more »

Marcos vows to finish ongoing infrastructure projects

Jessica Fenol, ABS-CBN News
Updated as of Jul 25 07:07 PM

President Ferdinand Bongbong Marcos Jr on Monday said he would not suspend any ongoing infrastructure project, even the stalled Mindanao railway. Read more »

Campaign reforms pushed as report shows candidates splurged billions on ads

Willard Cheng, ABS-CBN News
Posted at Jul 21 06:01 PM

Advocates pushed for reforms in campaign finance laws to level the playing field in election campaigns as data showed 2022 national candidates splurged millions of pesos on ads per day during the official campaign period. Read more »

When to say yes (and no) to paying in 'gives'

Aneth Ng-Lim
Posted at Jul 18 03:36 PM

There’s something about paying in “gives” that makes the buyer feel he or she is getting a bargain. Read more »

PH risks losing access to US security aid

ABS-CBN News
Posted at Jul 16 02:04 AM

The Philippines risks losing access to security aid from the US following an amendment to Washington's defense spending measure. Read more »

JPMorgan Chase reports lower profits, gives cautious economic outlook

John Biers, Agence France-Presse
Updated as of Jul 15 08:42 AM

JPMorgan Chase reported a drop in second-quarter profits and warned that a weakening global economic outlook prompted the firm to set aside additional funds to cover potential bad loans. Read more »

5 facts consumers need to know about their credit card

Aneth Ng-Lim
Posted at Jul 04 09:26 PM

Have you ever read the full terms and conditions about owning your credit card? Chances are your answer is: No. Read more »

Marcos vows to complete infra projects on schedule

Jessica Fenol, ABS-CBN News
Posted at Jun 30 01:47 PM

President Ferdinand Marcos Jr on Thursday promised the Filipino people that ongoing infrastructure projects would be completed during this term. Read more »

Revenge spending drives up credit card use: RCBC Bankard

ABS-CBN News
Updated as of Jun 15 12:27 PM

Credit card spending rose 45 percent during the first 5 months of the year driven by pent-up demand and increased e-commerce adoption, RCBC Bankard said. Read more »

Are you up for money-saving challenges?

Aneth Ng-Lim
Posted at Jun 13 01:46 PM

Issuing challenges is a time-tested tradition of rallying people towards aiming for a positive goal, or supporting a good cause. Read more »

Moreno spent P242 million for Halalan 2022: lawyer

Jorge Carino, ABS-CBN News
Posted at Jun 08 03:33 PM

Outgoing Manila Mayor Isko Moreno Domagoso spent some P240 million for his presidential campaign, his lawyer said, citing his SOCE. Read more »

Sara Duterte spent P216 million for 2022 campaign: SOCE

ABS-CBN News
Updated as of Jun 08 03:31 PM

Vice President-elect Sara Duterte-Carpio spent some P216 million for her election campaign, according to a copy of her SOCE. Read more »

Pacquiao's Halalan 2022 expenditure tops P119 million

Johnson Manabat, ABS-CBN News
Posted at Jun 07 08:34 PM

Sen. Manny Pacquiao spent more than P119 million, more than half of which is from his personal funds, for his presidential bid this year, a copy of his official statement filed at the Commission on Elections showed Tuesday. Read more »