Clik here to view.
Expert says gov't continues to spend less amid infra program
MANILA, Philippines – The government continues to spend less than planned, an expert said on Monday, July 23, despite pronouncements of improved spending due to its centerpiece Build Build Build...
View ArticleClik here to view.
Duterte to rice cartels: Stop messing with me
MANILA, Philippines – President Rodrigo Duterte warned rice hoarders and cartel protectors that the government will be aggressive in hunting them down."Stop messing with me… consider yourselves...
View ArticleClik here to view.
Duterte: No stopping TRAIN law
MANILA, Philippines – President Rodrigo Duterte reiterated the need for a comprehensive tax reform program and echoed his economic managers' sentiments that the Tax Reform for Acceleration and...
View ArticleClik here to view.
PEZA, Board of Investments challenge 2nd TRAIN package
MANILA, Philippines – The country's top investment promotion agencies challenged proposals included in the 2nd tranche of the Tax Reform for Acceleration and Inclusion (TRAIN) law being pushed by the...
View ArticleClik here to view.
Philippine economy to grow below gov't target – IMF
MANILA, Philippines – The International Monetary Fund (IMF) expressed optimism in the Philippine economy, but it expects growth to fall below the government's target.Luis Breuer, IMF mission chief for...
View ArticleClik here to view.
Pernia: 43 of 75 flagship infra projects done in 2 years
MANILA, Philippines – Socioeconomic Secretary Ernesto Pernia said that 43 out of 75 flagship priority projects for implementation is a "good batting average" for the "Build, Build, Build"...
View ArticleClik here to view.
Cavite-Tagaytay-Batangas Expressway up for NEDA panel approval
CAVITE, Philippines – The proposed 50.42-kilometer Cavite-Tagaytay-Batangas Expressway (CTBEX) is moving forward with the awarding of the original proponent status to Metro Pacific Tollways Corporation...
View ArticleClik here to view.
PLDT denies defying DOLE order to regularize 7,300 workers
MANILA, Philippines – PLDT Incorporated denied defying the order of the Department of Labor and Employment (DOLE) for the telecommunications giant to regularize 7,300 employees.In a statement on...
View ArticleClik here to view.
Businessmen see upside in federalism, but wary of pesky politics
MANILA, Philippines– Several business groups expressed optimism in the proposed shift to a federal form of government, but warned that the current political climate might defeat its intended...
View ArticleClik here to view.
Facebook, Ford, Mattel shares dive on Nasdaq after results
NEW YORK, USA – Facebook shares dived nearly 20% early Thursday, July 26, after it signaled it expects weaker growth, pushing the Nasdaq decisively lower.About 25 minutes into trading, the tech-rich...
View ArticleClik here to view.
Lucio Co invited to invest in Bacolod port
BACOLOD CITY, Philippines – Business tycoon Lucio Co was invited to invest in a multi-billion development of the Bacolod Real Estate Development Corp. (BREDCO) port at the Reclamation Area here.BREDCO...
View ArticleClik here to view.
Thomson Reuters to rename financial and risk unit
LONDON, United Kingdom – Less than a week after its sale to US private equity giant Blackstone received an antitrust green light from the European Commission, Thomson Reuters Corporation’s (TRI.TO)...
View ArticleClik here to view.
Draft constitution 'backward-looking' – economic advocacy group
MANILA, Philippines – Advocacy group Foundation for Economic Freedom (FEF) expressed concern over the proposed constitution drafted by President Rodrigo Duterte's Consultative Committee, saying that it...
View ArticleClik here to view.
New judge to handle San Miguel Holdings' case vs Indonesian partners
MANILA, Philippines– The Court of Appeals (CA) has greenlit the trial of the qualified theft case filed by San Miguel Holdings Corporation (SMHC) against its Indonesian partners under a new judge.The...
View ArticleClik here to view.
Bangko Sentral projects July 2018 inflation to jump as high as 5.8%
MANILA, Philippines – Inflation may have accelerated further to as high as 5.8% in July, the Bangko Sentral ng Pilipinas (BSP) Department of Economic Research said on Tuesday, July 31.BSP economists...
View ArticleClik here to view.
Chinese debt trap? Americans did it too – Dominguez
MANILA, Philippines – Finance Secretary Carlos Dominguez III assured lawmakers that the Philippines will not fall into China's debt trap."We are not naive. We know all ODA (official development...
View ArticleClik here to view.
NEDA launches good governance website
MANILA, Philippines – The National Economic and Development Authority (NEDA) launched a good governance website in a bid to bring relevant information closer to the public.The website features various...
View ArticleClik here to view.
Inflation hits poorest Filipinos hard in Q2 2018
MANILA, Philippines – The poorest Filipinos felt the harsh impact of inflation during the 2nd quarter of the year, data from the Philippine Statistics Authority (PSA) showed on Tuesday, July 31.The...
View ArticleClik here to view.
Gov't fiscal deficit narrows to P193 billion mid-2018
MANILA, Philippines – Government revenue collection vis-à-vis spending narrowed fiscal deficit to P193 billion, due to improved collections thanks to the tax reform law.The "better-than-expected" mix...
View ArticleClik here to view.
Schools fear TRAIN package 2 could raise tuition, other school fees
MANILA, Philippines– While the Department of Finance (DOF) assured Filipinos that the second package of the Tax Reform for Acceleration and Inclusion (TRAIN) law would be revenue-neutral and hence be...
View Article