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Speaker: House has 5 weeks to scrutinize 2024 budget

BUDGET HEARING STARTS. Speaker Ferdinand Martin G. Romualdez delivers his opening remarks during the Development Budget Coordinating Committee meeting at the House of Representatives on Thursday, joined by (from left) Senior Deputy Speaker Aurelio Gonzales Jr., Senior Deputy Majority Leader Sandro Marcos, House Majority Leader Manuel Jose “Mannix” Dalipe, and …

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US inflation likely increased in July

WASHINGTON, D.C.: Inflation in the United States likely rose in July for the first time in 12 months, driven higher by more expensive gasoline and suggesting that the fight against rising prices may prove bumpier in the months ahead. The inflation report the government will issue on Thursday is expected …

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Beijing pooh-poohs US bid to ‘hype up’ WPS tensions

China maintained its belligerent stance Wednesday, saying US efforts to boost Philippine military capabilities and rally support from other countries for Manila’s claim over the West Philippine Sea “will lead nowhere.” The embassy’s warning came as China continued to assert its rights—invalidated by a UN tribunal—over the West Philippine Sea, …

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Gov’t frets over high ratio of public debt to GDP

President Ferdinand Marcos Jr. on Wednesday said the government is concerned about the country’s debt even though the country is doing better than its neighbors. The Philippines’ debt-to-gross domestic product (GDP) ratio is “not ideal,” Marcos told members of the US-ASEAN Business Council who visited the Palace. “We worry about …

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