Philippine Biz Groups Urge Purge of Dubious Insertions in 2027 Budget
Major business and civil society groups in the Philippines are urging Congress to remove budget insertions lacking technical justification from the proposed 2027 national budget, aiming to prevent a recurrence of 'ghost' projects and substandard infrastructure.
Read up to 3 eligible full articles per Japan day (JST) for free
Create a free account to open up to 3 eligible full articles per Japan calendar day (JST). Headlines and summaries remain available across ASEAN 7.
Related articles
- Philippine Shares Fall on Peso Weakness and Inflation Worries
The Philippine stock market retreated, wiping out previous day's gains, amid deepening concerns over peso depreciation and inflation. Investors adopted a defensive stance, keeping the market under pressure.
- Philippine Stocks Rebound Amid Bargain Hunting, But Peso Weakness and Inflation Fears Linger
The Philippine stock market snapped a three-day losing streak as investors engaged in bargain hunting amid recent declines. However, concerns over the weakening peso and persistent inflation are weighing on investor sentiment, suggesting a cautious outlook for the market.
- Cebu Holds Its Ground Amid Inflation Woes
The Bangko Sentral ng Pilipinas maintained its policy rate at 5.5% despite inflation reaching 7.2%. The slowdown in economic growth and the persistent high inflation raise concerns about the impact on citizens' livelihoods and the country's economic trajectory.