The Philippine government posted a budget deficit of P174.9 billion in May 2024, up by 43.10 percent from a year ago on the back of higher spending, the Bureau of the Treasury (BTr) said Thursday.
“The higher deficit resulted from an acceleration in government spending, pushing disbursement growth for the month to 22.24 percent, as against revenue expansion of 14.59 percent,” the BTr said.
Government spending surged to P557 billion in...
Bangkok, Thailand---Thailand’s economy enjoyed healthy expansion in the third quarter, officials said Monday, with the return of international tourists helping to offset persistently high...
The country’s balance of payments will likely further improve in November and December on higher seasonal inflows of remittances and business process outsourcing revenues,...
BANGKOK, Thailand—Leaders of the Asia-Pacific Economic Cooperation economies issued a declaration and endorsed an outcome document on Bio-Circular-Green Economy on Saturday.
The declaration, adopted after...
