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Thursday, April 25, 2024

Business

March budget deficit fell as revenues grew over 11%

The national government’s budget deficit narrowed to P195.9 billion in March 2024 from P210.3 billion a year ago, as revenue grew 11.32 percent year-on-year, the Bureau of the Treasury said Wednesday. The BTr said this improvement stemmed from strong revenue collection, compared to a modest 3.18-percent rise in spending. Government revenue collection increased to P287.9 billion in March 2024, despite a 0.23 percent decline in tax revenues. The decrease was attributed...

SMIC spending up to P114b to expand property, retail businesses

SM Investments Corp. (SMIC) of the Sy family said Wednesday it is...

3 new officials named to complete DOF’s leadership

President Ferdinand Marcos Jr. appointed three undersecretaries including a chief economist to...

PSAC: P240b needed to improve internet connectivity

The Private Sector Advisory Council (PSAC) asked the government to allocate at...

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Consumers warned vs. substandard products

The Department of Trade and Industry (DTI) and the private sector are working closely to safeguard consumers and the construction materials stakeholders against substandard...

Globe blacklists 36,549 SIMS

Globe Telecom Inc. said it blacklisted 36,549 SIMs from other networks in the first quarter of 2024, a 62-percent increase compared to the previous...

Pryce’s income up 39.5% in Q1

Listed Pryce Corp. said Wednesday its first-quarter net income grew 39.50 percent to P713.68 million from P511.54 million in the same period last year,...

PXP Energy incurs lower core net loss

PXP Energy Corp. reported a lower core net loss of P2.6 million in the first quarter of 2024, compared to the P6.6-million loss in...

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