spending
ARTICLE FINDER

Road repairs lift infrastructure spending in August

Oct 15, 2017 - 11:25 PM

Disbursements for infrastructure and other capital outlays reach P40.1 billion in August, thanks to completed projects of the DPWH and other projects of the DepEd and DOH

ROAD REPAIRS. The Department of Budget and Management says disbursements for the month of September are seen to be substantial, owing to the huge infrastructure spending requirements of the public works and highways department. File photo by Jay Directo/AFP

World Bank cuts Philippine GDP forecast again

Oct 04, 2017 - 9:05 PM

The World Bank's new projections are 6.6% for 2017 and 6.7% for 2018, down from the previous forecasts of 6.8% and 6.9%, respectively

#ThewRap: Things you need to know, September 11, 2017

Sep 11, 2017 - 11:37 AM

Hello Here are the stories you shouldn t miss this Monday

Government infrastructure spending up 25% to P48.4B in July

Sep 11, 2017 - 12:30 AM

July s result means government spending on infrastructure and other capital expenditures stands at P297 5 billion so far this year up 11 1

DoubleDragon to spend over P4 billion for industrial hubs, hotels

Aug 30, 2017 - 6:40 PM

The real estate firm is slated to open its 1st industrial leasing hub before the end of the year

BIGGEST. Hotel 101-Davao will be the largest hotel in Mindanao with 519 hotel rooms, a commercial and retail strip, and facilities to for conventions. Photos courtesy of DoubleDragon

Gov't spending, agriculture lift Philippine GDP in Q2 2017

Aug 17, 2017 - 8:50 PM

Spending on infrastructure is a bright spot for the economy in the 2nd quarter of 2017 but in a role reversal it s now the private sector and not the government that is lagging

Malacañan Photo

Has change really come? Misleading graphs and how to spot them

Aug 05, 2017 - 10:00 AM

Next time you encounter a graph don’t take it at face value Examine the variables scrutinize the labels check the sources and understand the message – all before you click share

China slams U.S. defense bill over Taiwan provision

Jul 17, 2017 - 9:03 PM

China firmly opposes any forms of official exchange and military contact between the US and Taiwan foreign ministry spokesman Lu Kang tells reporters

#ThewRap: Things you need to know, July 7, 2017

Jul 07, 2017 - 10:03 AM

Hello Here are the stories you shouldn t miss this Friday

Duterte admin's infra spending in May highest in 6 months

Jul 06, 2017 - 10:10 PM

Infrastructure spending rises by 31 4 in May 2017 alone the highest since November 2016

DAY AND NIGHT. The Department of Public Works and Highways (DPWH) inspects the 24/7 construction of an infrastructure project along Quezon Avenue. Photo from DPWH

Gov't spending on infrastructure falls by P9B in April

May 28, 2017 - 10:15 PM

The Department of Budget and Management says the drop is mainly due to the absence of big ticket expenditures in the military s modernization program which are set for later in the year

Malacañan Photo

U.S. Fed: New rate hike likely coming 'soon'

May 25, 2017 - 10:35 AM

Most analysts expect two more rate increases this year likely in June and in September but there are now doubts over that schedule

RATE HIKE. Federal Reserve Board Chair Janet Yellen holds a news conference after the central bank announced an increase in the benchmark interest rate following a Federal Open Market Committee meeting on December 14, 2016 in Washington, DC. File photo by Chip Somodevilla/Getty Images/AFP

Duterte foreign policy, Anti-Distracted Driving Act, Mike Pence | Evening wRap

May 22, 2017 - 10:53 PM

Watch the evening newscast with Acor Arceo

Gov't infra push fails to spark economy in Q1

May 22, 2017 - 12:30 PM

The Duterte administration s Build Build Build program has yet to break ground and lift the economy leaving the private sector to fill the void

Trump to insist on border wall funds as budget deadline looms

Apr 24, 2017 - 12:55 AM

Will US President Donald Trump veto the spending bill if the Mexico border wall isn t funded?

TRADE CHEATS. US President Donald Trump is set to issue two executive orders aimed at determining the cause of the US' $50-billion trade deficit. Photo by Jim Watson/AFP

U.S. top diplomat to push NATO pay up in first talks

Mar 31, 2017 - 11:26 AM

US officials say US Secretary of State Rex Tillerson will push the allies to do more to reach the goal of boosting defense spending to 2 of gross domestic product by 2024 which they set during a summit in Wales in 2014

NO-SHOW. US Secretary of State Rex Tillerson draws flak for not personally releasing his department's global human rights report for 2016. File photo by Alex Wong/Getty Images/AFP

China defense spending to rise 'around 7%' – official

Mar 04, 2017 - 12:22 PM

2nd UPDATE In particular we need to guard against outside meddling in the disputes says Fu Ying spokeswoman for the National People s Congress

This photo taken on February 27, 2017 shows Chinese military police attending an anti-terrorist oath-taking rally in Hetian, northwest China's Xinjiang Uygur Autonomous Region. File photo by STR/AFP

SSS pension hike, 2017 inflation, Dana White | Evening wRap

Jan 10, 2017 - 7:56 PM

Watch Rappler s evening newscast with Mara Cepeda

NEDA: Higher inflation in 2017 likely to hurt consumer spending

Jan 10, 2017 - 1:45 PM

But the National Economic and Development Authority NEDA says it will not have a significant impact on the country s economic growth this year

BUYING POWER. Expect increase of prices of basic goods and services to be much faster this year than in 2016. Photo by Agence France-Presse

Citing Trump 'uncertainty,' Fed says faster rate hikes possible

Jan 05, 2017 - 1:05 PM

US President elect Donald Trump s pledge to slash taxes and ramp up infrastructure spending could boost demand above sustainable levels

WASHINGTON, DC - DECEMBER 14: Federal Reserve Board Chair Janet Yellen holds a news conference after the central bank announced an increase in the benchmark interest rate following a Federal Open Market Committee meeting December 14, 2016 in Washington, DC. With unemployment low and concern over inflation on the rise, the central bank decided to raise the federal interest rate by a quarter of a percentage point, moving from 0.25-0.50 percent to a range of 0.50 and 0.75 percent. Chip Somodevilla/Getty Images/AFP

US Black Friday: more shoppers but less spent per head

Nov 28, 2016 - 9:36 AM

Sales over the Thanksgiving holiday which extends into so called Cyber Monday are a good indicator of the health of US consumer spending

BIG HAUL. Shoppers with their arms full walk to their cars during the 'Black Friday' sales at a Best Buy store in Culver City, California on November 25, 2016. Mark Ralston/AFP

Rodrigo Duterte, PH economy, United States | 6PM wRap

Nov 17, 2016 - 7:06 PM

Watch the 6PM newscast with Chay Hofileña

PH GDP, Zika cases, fake news | 12PM wRap

Nov 17, 2016 - 12:52 PM

Watch the 12PM newscast with Mara Cepeda

PH GDP grows by 7.1% in Q3 2016

Nov 17, 2016 - 10:05 AM

The Philippines is the fastest growing among major Asian emerging economies that have already released data for the quarter says NEDA

Indonesian growth slows in 3rd quarter

Nov 07, 2016 - 3:30 PM

The economy expanded 5 02 year on year from July to September slightly below forecasts and slower than a revised 5 19 in the second quarter according to the statistics agency

Netizens grill PCOO over 'misleading' infra spending infographic

Nov 04, 2016 - 5:58 PM

The infographic compares past administrations actual infrastructure spending during their time in office to the Duterte administration s 2017 spending target

INFOGRAPHIC. The Presidential Communications Office posted infographics on the government's infrastructure spending over the years. Screengrab from PCO's Facebook page

Bank of Japan delays inflation goal in blow to 'Abenomics'

Nov 01, 2016 - 8:00 PM

The bank now expects to hit 2 inflation by March 2019 – 4 years later than its original target

Bank of Japan (BOJ) Governor Haruhiko Kuroda answers questions during a news conference at the BOJ headquarters in Tokyo on November 1, 2016.  Tokyo shares closed higher November 1, reversing early losses on relief over a Bank of Japan policy meeting that ended largely as expected and better-than-expected Chinese factory data. / AFP PHOTO / KAZUHIRO NOGI

Money tips for millennials

Oct 23, 2016 - 11:00 PM

Living in the moment doesn t mean going broke Here are tips for making the most of your money to make the most out of life

Gov't nets P32.6-B budget surplus in August

Oct 20, 2016 - 8:15 PM

August s surplus means the government has closed the 8 month fiscal gap to P138 4 billion

Globe Telecom hikes 2016 spending to over $1B

Oct 20, 2016 - 4:29 PM

Its board of directors approves additional capital expenditure of 300 million for network expansion

HIKES SPENDING. According to Globe, the additional CAPEX of $300 million will be used for mobile network expansion ($160 million), corporate data network ($50 million), and broadband network ($90 million)

House approves P3.35 trillion 2017 budget

Oct 19, 2016 - 6:14 PM

The Lower House restores the budget cuts made against state colleges and universities as well government hospitals

APPROVED. The House of Representatives approves the proposed budget for 2017 on October 19. Photo by Mara Cepeda/Rappler

2017 budget: House passes proposed P3.35T on 2nd reading

Oct 05, 2016 - 7:48 PM

Minority Leader Danilo Suarez is concerned how the proposed budget would be spent by the Duterte administration which is so focused on the war on drugs

PASSED ON 2ND READING. Lawmakers work for 9 hours to finish the plenary deliberations on the proposed 2017 budget on October 5. Photo by Mara Cepeda/Rappler

Japan big manufacturers' confidence at multi-year low

Oct 03, 2016 - 10:40 PM

Sentiment among big manufacturers drops to its lowest levels since Japanese Prime Minister Shinzo Abe kicked off Abenomics in 2013

Bank of Japan Governor Haruhiko Kuroda answers questions during a press conference at the headquarters in Tokyo on September 21, 2016. Japan's central bank on September 21 unveiled a surprise overhaul of monetary policy, promising to redouble attempts to fuel inflation and kickstart the torpid economy. / AFP PHOTO / JIJI PRESS / STR / Japan OUT

Peso depreciation 'no cause for concern' – Diokno

Sep 27, 2016 - 1:00 PM

Budget Secretary Benjamin Diokno says the Philippines is still on track to meet its economic growth targets

Proposed P3.35-trillion 2017 budget reaches House plenary

Sep 26, 2016 - 1:45 PM

The House of Representatives will hold plenary deliberations until October 7

BUDGET DEBATE. The House of Representatives holds the first plenary deliberation on the proposed 2017 budget on September 26. Photo by Mara Cepeda/Rappler

Weak Japanese growth puts pressure on Abe

Sep 08, 2016 - 2:50 PM

Economists are increasingly writing off Japanese Prime Minister Shinzo Abe s more than 3 year attempt to cement a lasting recovery

Japanese Prime Minister Shinzo Abe gestures to the media upon arrival at a meeting session at the Association of Southeast Asian Nations (ASEAN) Summit in Vientiane on September 7, 2016. The gathering will see the 10 ASEAN members meet by themselves, then with leaders from the US, Japan, South Korea and China. / AFP PHOTO / ROSLAN RAHMAN

PH business confidence in Q3 hits record high despite dip from Q2

Aug 27, 2016 - 4:22 PM

Despite the dip from the previous quarter the confidence index for the third quarter is the highest ever recorded and is expected to rebound by end of the year according to the latest BSP Business Expectations Survey

Economists upbeat on PH prospects for 2nd half of 2016

Aug 21, 2016 - 8:50 PM

The Philippine economy is firing on all cylinders but economists say boosting spending is as critical as ever

Strong Q2 showing maintains pace for more inclusive growth – DOF

Aug 18, 2016 - 7:00 PM

We expect to continue this growth trajectory but with a difference from the previous administration because we will be reducing poverty rates says Finance Secretary Carlos Dominguez III

#OFWTips: Love, money and making both work

Aug 04, 2016 - 6:52 PM

Fear of not being loved prevents many OFWs from making rational financial decisions

Japan approves huge stimulus for sluggish economy

Aug 02, 2016 - 9:45 PM

The 273 billion package which includes tens of billions of dollars for infrastructure spending is expected to be approved by parliament in September

Japanese Prime Minister Shinzo Abe (C) sits with Finance Minister Taro Aso (R) and Economic Revitalisation Minister Nobuteru Ishihara (L) as they pose for photographers prior to a cabinet meeting at Abe's official residence in Tokyo on August 2, 2016. The Japanese government on August 2 approved a massive stimulus to boost growth in a economy under threat from a soaring yen, with funds earmarked to counter the impact of Brexit and a deadly earthquake disaster. / AFP PHOTO / JIJI PRESS / JIJI PRESS / Japan OUT

Filipino consumers most optimistic in the world for Q2 2016 – Nielsen

Aug 02, 2016 - 7:00 PM

Research firm Nielsen says confidence in the Philippines is at an all time high buoyed by the promise of future reforms

Briones: PH must prove it deserves to spend more on education

Jul 29, 2016 - 6:55 PM

Even with the education department getting the biggest cut of the budget pie the country is spending only 3 of its GDP on education below international standards

EDUCATION SPENDING. Education Secretary Leonor Briones says the Philippines can only show it deserves to spend 6% of the GDP on education by catching up on commitments to deliver services. Screenshot from Rappler

Japan PM unveils $266B stimulus plan to boost economy

Jul 27, 2016 - 8:15 PM

Prime Minister Shinzo Abe gives few details about the plan except to say about half would be fiscal measures

Japanese Prime Minister Shinzo Abe delivers a speech in Fukuoka on July 27, 2016. Japan's prime minister on July 27 announced a whopping stimulus package worth more than 28 trillion yen (266 billion USD) aimed squarely at boosting the wobbly economy, with the central bank widely expected to unveil its own measur. / AFP PHOTO / JIJI PRESS / STR / Japan OUT

Gov’t deficit rises to P120.3B in H1 2016

Jul 27, 2016 - 6:57 PM

For the first 6 months of the year government spending totaled P1 22 trillion 14 higher than last year s P1 07 trillion

IMF retains PH growth outlook for 2016 despite global headwinds

Jul 12, 2016 - 9:45 PM

The Philippines is seen to survive the twin threats of the Brexit fallout and an impending interest rate hike by the US Fed

Are you an OFW? Here are bad spending habits you need to break

Jul 05, 2016 - 9:50 PM

Know how to set financial goals manage your income and borrow money wisely

Dominguez: Ceiling on spending could be raised this year

Jul 04, 2016 - 8:25 PM

The Duterte administration s economic managers also plan to fast track infrastructure projects

Peso could hit P50 vs dollar next year – BPI

Jun 20, 2016 - 12:05 AM

The Bank of the Philippine Islands cites potential rate hikes by the US Federal Reserve as well as the expected increase in infrastructure spending

Comelec office: No to LP's late SOCE filing

Jun 15, 2016 - 10:05 PM

Granting the Liberal Party s request for a deadline extension would be unfair to other candidates and parties that complied with the prescribed period