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Inflation up, GDP down: Economic managers revise PH outlook
MANILA, Philippines – The country's economic managers revised the government's medium-term macroeconomic assumptions for 2018 to 2022 to reflect "developments at the national and global level."The...
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Philippines' high inflation also good, says Bangko Sentral official
MANILA, Philippines – Despite heavy criticism from various groups and sectors due to high prices of goods, an official of the Bangko Sentral ng Pilipinas (BSP) said the numbers are telling Filipinos...
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Government to cut projects over 2019 fuel tax hike suspension
MANILA, Philippines – While the planned suspension of the next round of fuel excise tax hikes comes as a welcome development to interest groups, the move may also mean cuts in government...
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U.S. tops global competitiveness rating, despite 'worrying' trends – WEF
GENEVA, Switzerland – The United States has the world's most competitive and innovative economy, a World Economic Forum ranking showed Wednesday, October 17, after a methodology shift helped unseat...
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Antitrust watchdog fines Grab P16 million over Uber deal
MANILA, Philippines (UPDATED) – The Philippine Competition Commission (PCC), the country's antitrust watchdog, imposed P16-million ($296,741) worth of penalties on ride-hailing giant Grab Philippines...
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Philippines' crime, infra among worst globally – World Economic Forum
MANILA, Philippines – The Philippines remained globally competitive, ranking 56th out of 140 countries in the latest Global Competitiveness Report by the World Economic Forum (WEF), but still lagged in...
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DOF expects Trabaho bill to create 1.4 million jobs
MANILA, Philippines – The Department of Finance (DOF) expects around 1.4 million jobs to be created between 2021 and 2029, should the Tax Reform for Attracting Better and High Quality Opportunities...
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Nearly half the world lives on less than $5.50 a day – World Bank
WASHINGTON DC, USA – Despite progress in reducing extreme poverty, nearly half the world's population lives on less than $5.50 a day, with a rising share of the poor in wealthier economies, the World...
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Global trade wars risk 'millions of jobs' – WTO chief
LONDON, United Kingdom – Escalating trade wars "pose real risks" to the global economy, potentially threatening millions of jobs, head of the World Trade Organization (WTO) Roberto Azevedo warned in a...
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Will they or won't they? DOF to review fuel tax hike suspension
MANILA, Philippines – Economic managers seemed to be united in proposing the suspension of the second round of fuel excise tax hikes for next year. But a recent economic bulletin from the Department of...
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China not manipulating currency but lacks transparency, U.S. says
WASHINGTON, DC, USA – Washington on Wednesday, October 17, again declined to call China a currency manipulator but said the yuan's fall and Beijing's exchange practices were of "particular concern."In...
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IN CHARTS: Philippine fish now more expensive, smaller – survey
MANILA, Philippines – Most Filipinos perceive fish in the market are becoming more expensive and smaller, a survey by the Social Weather Stations (SWS) showed.The survey commissioned by international...
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#AskTheTaxWhiz: Taxes for importers
I am the owner of a food manufacturing facility and we’re currently thinking of importing raw materials instead of sourcing them locally. Do I need to apply as an importer with the Bureau of Internal...
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Inflation rises to 6.2% in Q3 2018
MANILA, Philippines (UPDATED) – The country's inflation rate rose to an average of 6.2% in the 3rd quarter of 2018.In a press briefing on Friday, October 19, the Bangko Sentral ng Pilipinas (BSP)...
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Chinese Q3 growth hits 9-year low as debt, trade row drag
BEIJING, China (UPDATED) – China's economy grew at its slowest pace for 9 years in the 3rd quarter, as a campaign to tackle mounting debt, and trade frictions with the US take their toll.The reading...
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Philippines' first container RO-RO barge port to open November 2018
MANILA, Philippines – Cargo from international ports in Manila will soon be transported via barges and Roll-on Roll-off (RO-RO) operations to the Philippines' first container port in Cavite.Set to be...
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DPWH finally acquires right of way for NLEX Harbor Link Segment 10
MANILA, Philippines – The Department of Public Works and Highways (DPWH) has finally completed right-of-way (ROW) acquisition for the 8.25-kilometer North Luzon Expressway (NLEX) Harbor Link Segment...
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LIVE: Senate hearing on 3rd telco selection
Bookmark this page to watch the hearing live at 10 am on Monday, October 22MANILA, Philippines – The Senate committee on public services will hold a hearing on Monday, October 22, to tackle the...
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Poe to 3rd telco bidders: Don't delay selection process
MANILA, Philippines – Senate committee on public services chairperson Grace Poe warned interested parties not to delay the selection process for the country's third major telecommunications...
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Poorest Filipinos feel inflation at 8% in August 2018
MANILA, Philippines – The poorest or bottom 30% income households felt inflation at 8% in August 2018, according to the latest release from the Philippine Statistics Authority (PSA).The figure was...
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