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Weak peso fails to lift Philippine exports in June 2018
MANILA, Philippines – Despite economic managers' confidence that a weak peso would improve the country's exports, the Philippines posted a wider trade deficit in June.The Philippine Statistics...
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LOOK: Proposed road network projects in Bulacan
MANILA, Philippines – New road networks will soon be constructed to boost the economy and mobility within Bulacan.Tollway company North Luzon Expressway Corporation and the Department of Public Works...
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Philippines revises Q1 2018 GDP down to 6.6%
MANILA, Philippines – The Philippine Statistics Authority (PSA) updated the gross domestic product (GDP) in the 1st quarter of 2018 to 6.6% from 6.8%."Major contributors to the downward revision were...
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LOOK: DICT draft rules on selection of 3rd telco player
MANILA, Philippines – The Department of Information and Communications Technology has released its latest draft guidelines on the selection of the country's 3rd major telecommunications player.The DICT...
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Philippine economy slows down to 6% in Q2 2018
MANILA, Philippines (3rd UPDATE) – The Philippine economy slowed down to 6% during the 2nd quarter of the year, the Philippine Statistics Authority (PSA) said on Thursday, August 9.The gross domestic...
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NEDA hits dismal Q2 agriculture output
MANILA, Philippines– Socioeconomic Planning Secretary Ernesto Pernia expressed grave concern over the stagnant output of the agriculture sector, which dragged down the economy’s growth and pushed...
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Bangko Sentral hikes interest rates again over high inflation
MANILA, Philippines (UPDATED) – The Bangko Sentral ng Pilipinas (BSP) raised interest rates by 50 basis points (bps), meeting market expectations.This brings the overnight reverse repurchase (RRP) rate...
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Rappler Talk: Making sense of the Philippine economy
Bookmark this page to watch and join the discussion live at 3 pm on Friday, August 10MANILA, Philippines – The Philippine Statistics Authority (PSA) dropped major news earlier this week. Inflation in...
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Bangko Sentral raises inflation forecast for 2018, 2019
MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) revised its inflation outlook for 2018 and 2019 due to increases in the prices of basic commodities and global factors.BSP Deputy Governor...
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Antitrust body OKs Grab-Uber deal, sets conditions
MANILA, Philippines – The Philippine Competition Commission (PCC) has bound ride-hailing company Grab Philippines to fair pricing conditions and service quality commitments for acquiring Uber.The PCC...
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Grab fares 'not necessarily lower' after Uber buyout approval
MANILA, Philippines – Grab Philippines said that fares "will not necessarily be lower" following the fair price and quality service conditions imposed by the Philippine Competition Commision (PCC).In a...
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Foreign investments soar 142.9% in May 2018
MANILA, Philippines– Investor confidence in the Philippine economy remained strong as foreign investments more than doubled in May.The Bangko Sentral ng Pilipinas (BSP) reported foreign direct...
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BSP’s interest hike won't address supply-driven inflation – Pernia
MANILA, Philippines – Markets may have hailed the Bangko Sentral ng Pilipinas for showing force and implementing its strongest policy rate hike in 10 years, but Socioeconomic Planning Secretary Ernesto...
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Visayas, Mindanao airports get P2B in proposed 2019 budget
MANILA, Philippines – Visayas and Mindanao airports will receive P2.16 billion ($40.59 million) in the proposed 2019 national budget, as infrastructure remains one of government's top priorities.In a...
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Business groups support economic managers over federalism risks
MANILA, Philippines – Seven business groups urged lawmakers to carefully weigh the costs and risks associated with the proposed shift to a federal system of government.The Cebu Business Club (CBC),...
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End BIR corruption? Abolish it, says expert
MANILA, Philippines – The government has been aggressively working on revamping the country's tax system through a tax reform law – with a sequel on the way – but such efforts would go to waste if the...
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Dumaguete airport runway closed after PAL plane blows tire
MANILA, Philippines – A Philippine Airlines (PAL) plane from Manila experienced tire failure while landing at the Dumaguete-Sibulan Airport in Negros Oriental on Tuesday morning, August 14, prompting...
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Ayala-Aboitiz consortium bids for national ID system
MANILA, Philippines – One of the oldest conglomerates in the Philippines placed a bid to develop the infrastructure needed for the modern national identification system.In a disclosure to the...
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Poor agricultural growth? Increase our budget – Piñol
MANILA, Philippines – After economic managers pointed out the poor agricultural output as one of the major forces that dragged down the country's growth, Agriculture Secretary Emmanuel Piñol defended...
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#AskTheTaxWhiz: Issuing receipts
Do all VAT-registered businesses need to issue receipts? What about those food stalls that do not issue receipts?Yes. In fact, under Section 237 of the Tax Code, all businesses need to issue receipts...
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