BSP rate hike seen to tame inflation

ANZ Research expects the adjustment in the Bangko Sentral key rates can address inflationary pressures this year, further boosted by the country’s strong domestic demand In a research note dated February 8, ANZ Research said results of a survey among…

Facebook pledges $10M for community leaders

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LONDON (AFP) - Facebook said Friday that it will issue up to $10 million (8.2 million euros) in grants to help support and train community leaders around the world. The tech giant unveiled its new initiative at a London summit…

DoF chief mulls ‘reverse’ job fairs

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Should the Philippine government start considering holding job fairs overseas to lure back Filipinos in the construction sector for the massive Build Build Build program? Department of Finance (DoF) Secretary Carlos Dominguez III thinks so. Dominguez said he had been…

Google fined in India for abusing dominant position

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NEW DELHI (AFP) - Google has been fined more than $21 million in India for "search bias" and abuse of its dominant position, competition regulators said Thursday. The US internet giant was deemed to have favored its own services when…

Inflation to slow down toward yearend

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Socioeconomic Planning Secretary Ernesto Pernia is one with private economists in saying the country’s inflation rate is expected to increase in the coming months due to the tax reform program but will slow down toward the end of the year.…

Buyers want house/lot, but condo queries up

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Online marketplace for properties Lamudi Philippines revealed that most Filipinos are looking for house and lot properties, but inquiries on residential condominiums are increasing. In a press briefing Thursday, Lamudi Philippines Chief Executive Officer Bhavna Suresh said 59 percent of…

PLDT to yield frequencies to gov’t

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Telecommunications giant PLDT Inc. has agreed to surrender one of its frequencies at no cost to the government for allocation to a potential third major player in the local telecommunications industry. The decision by the telco firm comes after President…

BSP sees inflation around 4%

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The Bangko Sentral considers as temporary the elevated domestic inflation rate this 2018, which is expected to “be around the high-end” of the government’s 2-4 percent target range for 2017-2019. In a statement posted on the central bank’s Facebook page…

Global stock rout has scant impact on PH

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Worries on inflation and its impact on the interest rates, among others, are causing the sell-off in equities around the globe, including the Philippines. After the end of Monday’s trading, the Dow Jones shed 4.6 percent after posting its record-high…

BIR mulls amnesty for taxpayers with pending cases

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The Bureau of Internal Revenue (BIR) is considering including in its planned tax amnesty program those with pending tax evasion cases. During the hearing of the House of Representatives’ Ways and Means Committee Monday, BIR Assistant Commissioner Alfredo Misajon told…

BoI kicks off 2018 with P51-B RE ventures

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The Board of Investments (BOI) started the year with investment approvals amounting to P51.3 billion in January, an over six-fold increase from the P8 billion worth of pledges in the same month in 2017. In a statement Monday, Trade Secretary…

BPO to keep office space demand up

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The business process outsourcing (BPO) industry is seen to continue driving demand for office space this year, top executive of property consultancy firm Santos Knight Frank said Tuesday. “The Philippine BPO sector will continue to thrive in the coming years,”…

Apple halves iPhone X production

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US Corporation Apple will halve production of its new smartphone iPhone X in January-March from 40 to 20 million devices due to low demand, the Nikkei newspaper reported on Tuesday. The company had already notified the suppliers of components. Apple…

PH among top ASEAN M&A targets

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M&A intelligence service provider Mergemarket has cited the Philippines as among the top targets for inbound merger and acquisition (M&A) deals in Southeast Asia in 2017. Mergemarket data released Wednesday show that the top three targets for inbound M&A transactions…

Info hubs for local PPP projects set up

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The government is setting up regional knowledge corners to support its intensified efforts to implement public private partnerships (PPPs) projects at the local level and boost regional development. “We recognize the essential role that PPPs will play to support the…
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