Peso may weaken further versus dollar this year as imports surge
THE PESO is seen to weaken further against the dollar this year as the surge of capital goods to support the infrastructure push of the government is expected to widen the trade deficit.
Risk-averse banks continue to shun agri lending
BANKS REMAIN reluctant to extend credit to the agriculture sector in the third quarter of 2018, the central bank said, lending out a little over half the legal minimum and preferring to incur penalties rather than take on the risk of lending to farmers.
House panel to review TRAIN implementation on Jan. 14
THE House Committee on the Comprehensive Tax Reform Program will convene to review the implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) Law when Congress resumes session on Jan. 14, Rep. Estrellita B. Suansing said.
Senate panel backs bill requiring harmonized LGU business fees
THE Senate committee on local government is recommending passage of a bill requiring the national government to provide clear guidelines for local government units (LGU) seeking to impose fees and charges on businesses.
Seven more Mindanao products seek approval for PRDP funding
DAVAO CITY -- Seven Mindanao commodities are up for funding support by the World Bank-funded Philippine Rural Development Project (PRDP).
Poultry, pork, fruit supply seen rising
POULTRY PRODUCTION is expected to increase in 2019 with new entrants pushing down prices for consumers but also putting grower earnings under pressure, an industry official said.
PHL may seek Saudi overflight rights to expand Israel air market
THE Department of Transportation (DoTr) said it hopes to conclude an overflight agreement with Saudi Arabia in order to expand air services with Israel.
BoI hoping IB will help firms unlock some TRABAHO incentives
THE Board of Investments (BoI) wants more companies to take advantage of inclusive business incentives, touting them as a pathway to unlock some of...
PCCI sees rice tariffication measure as model for sugar liberalization
THE Philippine Chamber of Commerce and Industry (PCCI) wants a more liberal regime for importing sugar modeled on the rice tariffication bill, with tariffs to benefit domestic sugarcane farmers.
Inflation likely eased in December — BSP
INFLATION likely eased further in December, the Bangko Sentral ng Pilipinas (BSP) said, with the rate possibly settling at the five percent level given lower fuel and rice prices.
Gov’t sets P360-B borrowing program for Q1
THE government is looking to borrow P360 billion during the first three months of 2019 through a mix of short and long-term papers, a third bigger than the amount programmed the previous quarter.
Japan still Philippines’ top ODA partner
JAPAN remains the biggest source of foreign funding for the Philippines, the National Economic and Development Authority (NEDA) said on Friday, accounting for nearly half the loan portfolio.