News

DOTr says project delays not during Tugade's watch

ABS-CBN News
Posted at Sep 21 04:59 AM

MANILA - The Department of Transportation (DOTr) disputed the findings of the Commission on Audit (COA) over its supposed delay and low spending on foreign-assisted projects. Read more »

Social media, Internet drive Pinoys towards more 'meaningful' purchases: study

Katrina Domingo, ABS-CBN News
Posted at Aug 14 02:24 PM

Filipinos are starting to become more conscious of what they buy as social media prompt them to take part in a global movement to preserve the planet, a recent study showed. Read more »

Federalism shift has downside risks to economy: Moody's

ABS-CBN News
Posted at Jul 23 03:59 PM

Issues like revenue and expenditure sharing are "still up in the air," said Moody's vice president and senior credit officer Christian De Guzman. Read more »

Duterte to submit 'cash-based' P3.7-trillion 2019 budget to Congress

ABS-CBN News
Updated as of Jul 13 07:26 PM

President Rodrigo Duterte is set to submit the P3.757-trillion 2019 national budget to Congress, the first cash-based budget under his administration, the Department of Budget and Management (DBM) said Friday.    Read more »

PH to borrow P1.19-T to finance next year's budget

Reuters
Posted at Jul 09 03:26 PM

The Philippine government said on Monday it plans to borrow up to P1.19 trillion ($22.3 billion) to partly finance next year's budget, with a quarter of that expected to be met from external sources. Read more »

Filipinos to spend P121 billion online this year: PayPal

Jessica Fenol, ABS-CBN News
Updated as of Jun 27 06:22 PM

Fifty five percent of Filipinos “expect” their online spending to increase this year as e-commerce becomes more convenient, faster and cheaper, a survey released here on Wednesday revealed.   Read more »

House OKs higher campaign spending limits

RG Cruz, ABS-CBN News
Posted at May 22 08:15 PM

The House of Representatives has approved on third and final reading a bill which increases the authorized campaign expenditures of candidates and political parties. Read more »

The key to 1.5 million Chinese tourists' wallets? Scan-to-pay

Jessica Fenol, ABS-CBN News
Updated as of May 22 12:28 PM

Filipino businessmen are cashing in on the projected 1.5 million Chinese tourist arrivals this year by allowing them to shop with their smartphones, eliminating tedious trips to money changers. Read more »

ADB: Infra spending must focus on 'productive assets'

ABS-CBN News
Posted at Apr 25 11:00 AM

Inflation is a risk with higher infrastructure spending and government has to make sure that these resources are used on "productive assets" that could also help spur economic growth, an Asian Development Bank official said Wednesday. Read more »

Business of love: How Filipinos spend on Valentine's Day

ABS-CBN News
Posted at Feb 14 12:50 PM

Filipinos' spending during the love month of February can rival that of the Christmas season, a family business coach said on Monday. Read more »

Of unwanted gifts and holiday spending

ABS-CBN News
Posted at Dec 29 09:44 AM

A ING Bank study has confirmed what a lot of people have known all along -- on Christmas, we don't always get the gifts we want or want the gifts we get.    Read more »

Contractor optimism falls lowest in 5 years

ABS-CBN News
Posted at Nov 29 03:28 AM

Contractor optimism falls to its lowest in five years, despite business confidence in the country rising to its highest in 2017.  Read more »

Ilang Pinoy, ibinahagi kung saan ilalaan ang '13th month'

ABS-CBN News
Posted at Nov 26 11:06 PM

Kaniya-kaniyang diskarte ang mga Pilipino sa paggastos ng kanilang 13th month pay o kadalasang Christmas bonus para sa marami. Read more »

3 Money Habits That May Be Genetic And How To Deal With Them

MoneyMax.ph
Updated as of Sep 15 12:16 PM

Studies have shown links between genetics and money habits. But being “born this way” when it comes to spending, borrowing or investing is not an excuse for poor money decisions. Read more »

Save less, shop more? Study shows how Filipinos spend spare cash

ABS-CBN News
Posted at Aug 31 12:06 PM

Majority of Filipinos set aside money as savings after paying for essentials, according to results of a Nielsen consumer habits study released on Thursday. Read more »

Filipinos are world's most optimistic consumers: Nielsen

ABS-CBN News
Posted at Aug 31 11:41 AM

Filipinos are the most optimistic consumers in the world, according to a Nielsen study released Thursday, in another reflection of the country's robust economic growth. Read more »

'Build build build' to accelerate in 2nd half, gov't says

ABS-CBN News
Posted at Aug 17 11:17 AM

There will be a "marked acceleration" in government spending in the second half, as President Rodrigo Duterte rolls out his P8-trillion infrastructure program, one of his economic managers said Thursday. Read more »

YOLO on any budget: Millennials keep spending on experience

Katrina Domingo, ABS-CBN News
Posted at Aug 11 09:34 AM

Filipino millennials, regardless of their income, spend more on experience rather than on products, helping drive spending in entertainment, lifestyle and fitness, a consumer analyst said. Read more »

Duterte approves P3.767-T budget for 2018

Dharel Placido, ABS-CBN News
Updated as of Jul 04 03:33 PM

President Rodrigo Duterte has approved the P3.767-trillion budget for 2018, as he prepared to implement a massive infrastructure overhaul, one of his economic managers said Tuesday. Read more »

Duterte plans to lift 2018 govt spending by 12.4 pct

Reuters
Updated as of Jul 04 08:18 PM

President Rodrigo Duterte plans to hike state spending 12.4 percent next year to a record 3.77 trillion pesos ($74.6 billion), his spokesman said on Tuesday, in line with his aim to spend heavily on infrastructure to keep growth robust. Read more »