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Business

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…

Three factors behind robust mfg

Factory output grew in April as higher commodity prices, strong consumer demand, and a weaker exchange rate encouraged manufacturers to produce more, the National Economic and Development Authority said.The latest Monthly Integrated Survey of Selected Industries of the Philippine Statistics…

Better jobs, mfg to spur Q2 growth

National Economic and Development Authority undersecretary Rosemarie Edillon expressed confidence that the improving performance of the country’s labor force and manufacturing sector would spur forward the country's economy in the second quarter of 2018. This is after the government released…

Price pressures to taper off ahead

Budget and Management Secretary Benjamin Diokno is confident that the inflation rate at the end of this year will settle within the administration’s target of 2 to 4 percent, as price pressures as expected to taper off in the coming…

Oil price spikes lift May inflation to 4.6%

Government data released Tuesday showed that headline inflation in May rose to 4.6 percent, slightly higher than April’s rate of 4.5 percent but generally lower than the market’s expectation. Inflation in May has been seen to further increase to 5…

Public urged to invest in T-bonds

The government through the Bureau of Treasury invited the public to invest in its new 3-year retail treasury bonds with a minimum investment of PHP 5,000 during the Bicol leg of its road show and investors' briefing at the Oriental…

P32-B spending kitty boosts demand

A significant portion of the higher April inflation rate could be attributed to higher domestic demand, given that people now have about P32 billion more to spend monthly as a result of the personal income tax cuts under the Tax…

16 Taiwan firms scout for local ventures

Sixteen companies from Taiwan recently visited the Philippines in search of business opportunities, the Board of Investments revealed in a statement Thursday. Industrial Group of Taiwan Head of Delegation Mark Ho led the visit of Taiwanese firms here last week.…

White House has deal to lift sanctions on China’s ZTE

WASHINGTON (AFP) - US President Donald Trump said Friday he had reached a deal to keep Chinese telecoms giant ZTE running, rolling back some penalties in exchange for security guarantees -- a move that infuriated Democrats and some in his…

MB cuts reserve requirements anew

The policy-making Monetary Board announced Thursday the reduction in the reserve requirement ratio by 1 percentage point as part of its broad medium-term financial market reform agenda. The reduction will apply to those reservable liabilities of all banks and non-bank…
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