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DEVELOPMENT BUDGET AND COORDINATION COMMITTEE

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abtest

BSP hikes GIR forecast

December 5, 2012 - 12:00am

The continued surge in inflows have prompted the Bangko Sentral ng Pilipinas (BSP) to hike its gross international reserves (GIR) forecast for 2012.

Business

BIR sets system-wide revamp

By Iris Gonzales | June 27, 2011 - 12:00am

The Bureau of Internal Revenue (BIR) will be implementing various administrative measures including a system wide revamp in order to meet next year’s higher revenue goal of P1.066 trillion, its top official...

Business

Government set to review macro targets for this year

By Iris Gonzales | January 22, 2011 - 12:00am

The Aquino administration is set to review the government’s macroeconomic targets for the year, taking into account the global economic recovery and expected recovery in agriculture.

Business

Government to upgrade GDP growth target for this year

By Iris Gonzales | October 14, 2010 - 12:00am

The government will likely revise upward its gross domestic product (GDP) growth target for 2010 on the back of surging exports and strong investor confidence.

Business

Aquino mulls tapping private sector to finance military modernization

July 12, 2010 - 3:40pm

The cash-strapped Philippine government is eyeing the private sector's assistance in the modernization of the Armed Forces of the Philippines, President Aquino said at the AFP Command Conference at Camp Aguinaldo...

World Bank raises RP growth forecast to 4.4%

By Iris Gonzales | June 11, 2010 - 12:00am

The World Bank (WB) has raised its forecast for the Philippine economy, saying the country’s GDP (gross domestic product) will grow 4.4 percent in 2010, higher than its original forecast of 3.5 percent.

Business

2009 GDP growth seen at 0.7%-1.0%

By Iris Gonzales | January 27, 2010 - 12:00am

The economy is estimated to have expanded from 0.7 percent to one percent last year, Socioeconomic Planning Secretary Augusto Santos said yesterday.

Business

Teves sees 4% GDP growth next year

By Iris Gonzales | December 30, 2009 - 12:00am

The Philippine economy, as measured by gross domestic product (GDP), may grow by as much as four percent in 2010 along with the global economic recovery, Finance Secretary Margarito Teves said yesterday.

Business

Tax take seen to improve for remainder of 2009

By Iris Gonzales | August 30, 2009 - 12:00am

The government’s tax effort is likely to improve in the remaining part of the year due to faster-than-expected growth...

Business

DBCC to revise downward 2009 growth, budget deficit targets

By Iris Gonzales | April 7, 2009 - 12:00am

MANILA, Philippines – The Development Budget and Coordination Committee (DBCC), the inter-agency group that sets the country’s macroeconomic assumptions, is likely to revise downward the economic growth...

Business