President Gloria Macapagal Arroyo and the department of budget and management (DBM) have submitted to the House of Representatives a budget proposal for 2008, which is scheduled to be reviewed and...
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Economic Update | 2008 Budget
22 Jul 2010
Economic Update | Shipbuilding Surge
22 Jul 2010
Major investments from two regional companies have created a shipbuilding boom in the Philippines and have resulted in the creation of hundreds of new jobs, with more to come.
Economic Update | Paying It Forward
22 Jul 2010
The government recently adopted measures making it mandatory for certain firms to establish corporate social responsibility programmes in return for tax benefits.
Economic Update | Fresh Start for Port Bid
22 Jul 2010
The state-run Philippine Ports Authority has ordered a restart of the bidding process for the multibillion-peso contract to operate the lucrative North Harbour.
Economic Update | Subsidies Threaten Open Skies
22 Jul 2010
Philippine Airlines has called for the elimination of all government airline subsidies as a pre-requisite for the liberalisation of the aviation industry and a new regional open skies policy.
Economic Update | Revenue Gap
22 Jul 2010
The government's budget deficit stands at $893m in the first six months of 2007, exceeding the programmed ceiling by $211m. Global ratings agency Fitch projects that, excluding government assets...
