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Saudi-Philippine Meeting Discusses Boosting Investment Opportunities, Relations

A Saudi-Philippine meeting was held in Riyadh in the presence of Philippines President Ferdinand Marcos Jr. and the Minister of Investment, Eng. Khalid bin Abdulaziz Al-Falih, along with distinguished officials from both countries.
A Saudi-Philippine meeting was held in Riyadh in the presence of Philippines President Ferdinand Marcos Jr. and the Minister of Investment, Eng. Khalid bin Abdulaziz Al-Falih, along with distinguished officials from both countries.
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Saudi-Philippine Meeting Discusses Boosting Investment Opportunities, Relations

A Saudi-Philippine meeting was held in Riyadh in the presence of Philippines President Ferdinand Marcos Jr. and the Minister of Investment, Eng. Khalid bin Abdulaziz Al-Falih, along with distinguished officials from both countries.
A Saudi-Philippine meeting was held in Riyadh in the presence of Philippines President Ferdinand Marcos Jr. and the Minister of Investment, Eng. Khalid bin Abdulaziz Al-Falih, along with distinguished officials from both countries.

A Saudi-Philippine meeting was held Thursday in Riyadh in the presence of Philippines President Ferdinand Marcos Jr. and the Minister of Investment, Eng. Khalid bin Abdulaziz Al-Falih, along with distinguished officials from both countries, major companies, and representatives from both the public and private sectors, said SPA.
Meeting participants discussed aspects of investment partnerships in areas such as energy, industry, Islamic financial services, and food security.
The meeting also explored ways to enhance relations between the two countries. It aimed to strengthen cooperation in the labor sector and utilize skilled Filipino workers in various sectors.
The meeting addressed investment opportunities and enhancing investment relations between the two countries, promoting efforts to develop economic and investment ties between the Kingdom of Saudi Arabia and the Philippines, fostering quality investments, and enabling the private sector to benefit from investment opportunities in both nations.
The meeting witnessed the signing of a memorandum of understanding in the private sector for human resources, aiming to provide skilled labor to meet the Saudi market's needs through global partnerships with leading companies in this sector.

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New French Finance Minister Eyes 2025 Deficit Slightly Above 5%

FILE PHOTO: Newly appointed Minister for Economy, Finance and Industry Eric Lombard departs following a handover ceremony at the Bercy Economy and Finance Ministry in Paris, France, December 23, 2024. REUTERS/Saboor Abdul/File Photo
FILE PHOTO: Newly appointed Minister for Economy, Finance and Industry Eric Lombard departs following a handover ceremony at the Bercy Economy and Finance Ministry in Paris, France, December 23, 2024. REUTERS/Saboor Abdul/File Photo
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New French Finance Minister Eyes 2025 Deficit Slightly Above 5%

FILE PHOTO: Newly appointed Minister for Economy, Finance and Industry Eric Lombard departs following a handover ceremony at the Bercy Economy and Finance Ministry in Paris, France, December 23, 2024. REUTERS/Saboor Abdul/File Photo
FILE PHOTO: Newly appointed Minister for Economy, Finance and Industry Eric Lombard departs following a handover ceremony at the Bercy Economy and Finance Ministry in Paris, France, December 23, 2024. REUTERS/Saboor Abdul/File Photo

France's delayed 2025 budget bill will target a deficit of "slightly above 5%" in order to protect growth, the country's new finance minister said in a newspaper interview.
Eric Lombard, previously head of Caisse des Depots, the investment arm of the French government, will be tasked with steering through parliament a budget after the previous government lost a no-confidence vote in early December amid a backlash against its belt-tightening proposals.
Lombard's deficit objective for next year is higher than the 5% targeted by the last government. But it would still represent a drop from this year when the deficit is expected to widen to above 6% of gross domestic product.
"We need to amend this (budget) bill to establish a good budget. With a deficit slightly above 5% so as to protect growth," Lombard told La Tribune Dimanche.
"To protect growth, the reduction of the deficit must come more through reductions in public spending than through taxation," he said, adding that any tax increases should be "very limited.”
According to Reuters, he said he would consult all political parties in the French parliament and that the discussions would contribute to the government's budget proposals.
Lombard was named last Monday as part of Prime Minister Francois Bayrou's government.
Bayrou, who, like predecessor Michel Barnier, lacks a working majority in parliament, has said he aims to have a budget ready by mid-February.