Arroyo govt budget deficit widens by 345%

By Lailany P. Gomez Reporter THE Arroyo administration’s budget deficit widened by 345 percent because of poor tax collections and weak imports, according to the Bureau of Treasury. In a briefing, the bureau said the September performance led the nine-month fiscal gap to jump to P237.5 billion from P53.4 billion in the same period last … Continue reading Arroyo govt budget deficit widens by 345% →

Manila’s payments for debt up

BY Lailany P. Gomez, Reporter THE government’s debt servicing inched up in the first 10 months as principal payments for foreign obligations climbed during the period. Based on the latest data from the Bureau of Treasury, the government’s debt servicing—which refers to payments of both interest and principal—rose by less than a percent to P574.72 … Continue reading Manila’s payments for debt up →

Pinoys top brand-conscious Asians

Wednesday, May 07, 2008 Pinoys top brand-conscious Asians By Lailany P. Gomez, Researcher UNTIL late last year, Filipinos were among Asia’s most fashion-conscious, as they aspired for designer brands like Calvin Klein and Louis Vuitton on the back of an expanding economy, according to a Nielsen report. In its “Global Luxury Brands Study,” conducted last … Continue reading Pinoys top brand-conscious Asians →

Jaguar exceeds domestic sales target ahead the launch of new model

Saturday, May 10, 2008 THE Philippine distributor of luxury-vehicle brands Jaguar and Land Rover on Friday said it surpassed its sales target for the first quarter this year. In a statement, Jaguar Cars Inc. said Philippine sales grew 40 percent year-on-year, placing the local distributor at the fifth spot in Asia Pacific in terms of … Continue reading Jaguar exceeds domestic sales target ahead the launch of new model →

Car sales grew double digits

Wednesday, June 11, 2008 The local auto industry posted double-digit growth in the first five months this year like it has never heard of soaring fuel prices. Elizabeth Lee, Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) president, attributed the overall industry growth despite increases in global raw materials, logistics and oil to steady … Continue reading Car sales grew double digits →