Philippines seeks $600-million loan for 4Ps program
THE Philippines is seeking a fresh $600-million (P29.1-billion) loan from the World Bank (WB) to extend its conditional cash grants to poor families amid...
Corporate tax cut by July unlikely
AN IMMEDIATE REDUCTION of the corporate income tax rate to 25% by July is unlikely, as the Senate prioritized other measures over the Corporate Recovery and Tax Incentives for Enterprises Act (CREATE) bill on Wednesday.
NLEX Corp. ‘restarts’ construction activities
NLEX Corp. has resumed the construction of its major projects as the National Capital Region shifted to a more relaxed community quarantine.
Financial system may face $505M in ‘collateral damage’
THE Philippine financial system may face as much as $505.3 million (P25.2 billion) in incremental credit losses and “collateral damage” caused by distressed banks, as credit and contagion risks rise amid the pandemic, the ASEAN+3 Macroeconomic Research Office (AMRO) said on Tuesday.
Firms eye customized banking services
LOCAL COMPANIES are looking to avail of customized banking services to improve the efficiency of their transactions, according to UnionBank of the Philippines, Inc.
Peso seen steady as mart awaits Fed, BSP reviews
THE PESO is expected to be broadly steady this week ahead of the policy meetings of the local and US central banks and as global crude oil prices stay within four-month lows despite growing tensions in the Middle East.
Mile Long development targeted for this year
THE Department of Finance (DoF) intends to start the redevelopment of the 2.2 hectare Mile Long Property in Makati this year in order to generate rental income for the government, with the proceeds to help fund retirement costs for military personnel, according to Finance Secretary Carlos G. Dominguez III.
PSE index inches higher as investors buy bargains
LOCAL SHARES saw a slightly better close on Tuesday, ending flat amid improved performances of some index members.
Landbank approves two loans for jeepney modernization with co-ops
LAND BANK of the Philippines (Landbank) said it has approved loans for two transport groups to support their transition to modernized jeepneys.
Moody’s sees PHL as less vulnerable to 2020 slowdown
THE Philippines will be less vulnerable to slowing economic growth in 2020 than its more export-oriented neighbors, Moody’s Investors Service said.
Cell tower pending applications down to 428; 1,502 approved
SOME 428 applications for cell tower permits remain pending with local governments this year, while 1,502 have been approved, Interior Secretary Eduardo M. Año said late Monday after meeting with President Rodrigo R. Duterte.
VLL to end year with 30 malls
VISTA LAND & Lifescapes, Inc. (VLL) targets to have 30 Vista Malls by the end of 2018, located near its master planned projects to support the needs of its residents.