6,269

Business

Global stocks pressured by US, China tariff announcements

  • Written by
  • Read: 145 times
NEW YORK (AFP) - Revived trade war fears weighed on US and European bourses Friday following tit-for-tat tariff announcements by the United States and China. US President Donald Trump announced 25 percent tariffs on tens of billions in Chinese imports,…

BSP raises BoP forecast to $1.5-B gap

The Bangko Sentral ng Pilipinas (BSP) has revised its balance of payments (BOP) forecasts for this year, seeing higher deficit of USD1.5 billion from its initial projection of USD1 billion. In a statement, the BSP said even with the upward…

Vehicle sales drop 14% in May

Vehicle sales in the country continued to decline in May, with sales decreasing by 13.7 percent this year to 30,620 units sold from the 35,469 units sold during the same month last year. The Chamber of Automotive Manufacturers of the…

Net foreign portfolio investments down

Registered foreign portfolio investments last May amounted to $1.2 billion, down by 11.9 percent and 18.4 percent from figures recorded the previous month and a year ago, respectively. This may be attributed to higher United States (US) treasury yields and…

10% corporate income tax ‘very fair’—SEIPI chief

Semiconductor and Electronics Industries in the Philippines, Inc. (SEIPI) Chair Melba Cuyahon said Wednesday that a reduced corporate income tax (CIT) rate of only 10%, inclusive of local business tax and real property tax is something that the local electronics…

‘Drastic change’ to leapfrog Ph in doing biz rank

The country’s top trade official seeks a “drastic change” in the bureaucracy to ensure that the Philippines will land in the top 20 percent of the ease of doing business global ranking by 2020. During the 6th Ease of Doing…

Run after cigarette counterfeiters, BoC BIR told

Finance Secretary Carlos Dominguez III has directed the Bureau of Customs (BOC) and the Bureau of Internal Revenue (BIR) to track down manufacturers of counterfeit tobacco products and their possible cohorts in government, who had a role in allowing the…

Exporters go local on robust demand

A ranking trade official said that aside from looking overseas, exporters are now also scouting for domestic opportunities arising from robust demand. Export Marketing Bureau (EMB) Director Senen Perlada told reporters on Monday that some of the country's traditional exports…

Infrastructure transparency vowed

Finance Secretary Carlos Dominguez III has assured European businessmen that transparency will prevail as the Duterte administration fast-tracks its flagship infrastructure projects meant to link communities, enhance productivity and create new jobs, especially in the countryside. During a recent meeting…

DoF reviews int'l cargo carriers’ tax

The Department of Finance is reviewing the implementation of a law imposing a common carriers tax on international air and sea cargo vessels doing business in the Philippines to ensure a level playing field. According to a statement issued Monday,…

PH urged to supply more goods, services to UN

Philippine exporters are urged to increase their activities of supplying goods and services to the United Nations. The UN Development Program will be on a roadshow in the country to present export opportunities for local enterprises. On the sidelines of…

‘Dark fiber’ deal to hasten free internet

Senator Aquilino Pimentel III on Monday welcomed the agreement between the Department of Information and Communications Technology, the National Transmission Corporation, and the National Grid Corporation of the Philippines, which would enable the use of “dark fiber” in the National…

Stock markets slide ahead of ‘feisty’ G7 summit

LONDON (AFP) - World stock markets were mostly lower on Friday as investors unwound positions before a Group of Seven summit that could see US President Donald Trump clash with other world leaders over his latest tariff moves. "The market's…

PSE earnings seen to grow 10%

Despite being the worst performing bourse in the region for the past five months, HSBC Private Banking forecasts that earnings per share (EPS) in the Philippines Stock Exchange (PSE) will grow by 10 percent by the end of the year.…

China’s ‘new world order’ boon to Ph

The Philippines stands to benefit from China’s new world order, as the Asia’s economic giant is bullish in opening its market in response to external headwinds due to trade protectionism. HSBC Private Banking Managing Director and Head of Investment Strategy…
Subscribe to this RSS feed