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OTTAWA — The Canadian government is predicting a historic CDN$343 billion (US$254 billion) deficit for 2020-21 resulting from its economic and stimulus plans to battle COVID-19. The amount, included in a fiscal “snapshot” the Liberal government released…
In most of the years since the last war, our imports exceeded our exports. What causes a trade deficit? What does it mean to the economy and to us? We can answer these questions this way. On…
THE trade deficit widened to a record $4.2 billion in October as the jump in imports, especially of food products, outpaced exports, the government reported Tuesday. This developed while the government eased importation procedures to ease high…
A SUSTAINED double-digit jump in imports and a continued decline in merchandise exports widened the trade deficit to a record-high $4.02 billion in December. Preliminary data released by the Philippine Statistics Authority (PSA) Friday showed that the…
Phoenix— Nicolas Batum scored 22 points and the Charlotte Hornets rallied from a 21-point second-half deficit to beat the Phoenix Suns 115-110 on Sunday. Kemba Walker and Dwight Howard added 18 apiece for the Hornets, who staged…
The University of the Visayas (UV) remained calm under tremendous pressure as they survived a late-game collapse by escaping the well-rested University of San Jose-Recoletos (USJ-R), 47-43 to take home the Philippine Collegiate Champions League (PCCL) 3×3…
SHERILIN Plastics climbed all the way back from a 16-point deficit to stun La Razo, 72-71, in the Competitive Division of the Crossfit Subtero Metro Cebu Basketball League last weekend at the City Sports Club Cebu basketball…
There are few things in life other than an earthquake that can remind us not only of our mortality but the frailty of our systems that we take for granted, such as our water and power supply.…
FORMER Tinago barangay chairman and now Cebu City Councilor Joel Garganera accused Mayor Tomas Osmeña of politicking with his decision to stop giving cash assistance to barangay officials affiliated with Team Rama. “Why do we have to…
THE Commission on Audit (COA) called on the Cebu City government to explain its deficit amounting to P6.2 billion that it incurred in its annual transactions last year. In last week’s exit conference, state auditors said the…
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