Gov’t budget shortfall hits two-month high

MANILA, Philippines — The government’s budget deficit widened to a two-month high in August, as revenues fell more sharply than expenditures, which slid to their lowest level in six months. The Marcos administration incurred a fiscal shortfall of P84.8 billion, 56 percent bigger compared with the level a year ago, the Bureau of the Treasury

BIZ BUZZ: Enough is enough: Biz leaders join street protests

MANILA, Philippines — You know it’s bad when even business leaders couldn’t help but join the parliament of the streets. Tens of thousands of Filipinos flooded Edsa and Luneta Park on Sept. 21, the 53rd anniversary of Martial Law, to express their rage against the corrupt politicians and contractors behind anomalous flood control projects. LOOK: