MAYVELIN U. CARABALLO, TMT

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The Department of Budget and Management (DBM) released P929 million for the continued implementation of cadastral surveys nationwide. In a statement over the weekend, the DBM explained that cadastral surveys determine the administrative boundary of cities and municipalities, including lots in alienable and disposable lands of public domain. It added…

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The growth of the five largest economies in the Association of Southeast Asian Nations, or Asean-5, will continue to be solid this year, according to a new Asian Development Bank outlook. Released on Tuesday, the latest edition of Asian Development Outlook (ADO) supplement said that the five largest economies in…

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The Bangko Sentral ng Pilipinas (BSP) believes that it sees no urgency to change its monetary policy stance, citing the country’s strong macroeconomic fundamentals and benign inflation. “There’s no urgency for a change in policy coming from that end because inflation continues to be well undercontrol,” BSP Governor Amando Tetangco…

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Moody’s Investors Service expects banks in Association of Southeast Asian Nations (Asean) to remain resilient. “And with the Asean banks, while we expect them to remain resilient by and large, we note that downside risks are increasing, and these growing risks to economic and financial stability are driving diverging outlooks…

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Nine priority bills that would address economic concerns of the government and private sector have been presented in a Cabinet meeting on Monday. The Department of Finance (DOF) in a statement said that Finance Secretary Cesar Purisima put forward a list of proposed bills during meeting to prioritize the Cabinet’s…

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The Bureau of Internal Revenue (BIR) missed its P100.51-billion collection target for June 2013. In a statement, the BIR said that it only collected P88.76 billion in tax revenues for the month, however, the said figure was higher by P7.42 billion, or 9.12 percent more than collections made a year…

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Personal remittances from overseas Filipino workers (OFW) breached the $2-billion mark in May 2013, the Bangko Sentral ng Pilipinas (BSP) announced on Monday. OFW remittances rose to $2.1 billion, or a 6.2 percent year-on-year increment. It brought the cumulative remittances for the first five months of the year to $9.7…

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Funds in the special deposit accounts (SDA) facility of the Bangko Sentral ng Pilipinas (BSP) declined by P47 billion as of June 28. BSP data showed that the funds in the facility stood at P1.738 trillion. It was lower than the previous week’s level of P1.785 trillion. SDA is a…

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The Department of Budget and Management (DBM) is set to propose a 2.268-trillion expenditure program for fiscal year 2014 to support the government’s purported goal of inclusive growth. In a statement, the DBM said that the proposed budget for next year is 13.1 percent, or P262.1 billion higher than the…

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