Merchandise trade starts 2019 with bigger deficit — PSA data
THE COUNTRY’s trade-in-goods deficit widened in January as exports declined and imports rebounded.
Revenue bureau releases draft tax amnesty rules
THE Bureau of Internal Revenue (BIR) has published draft rules on availing of the tax amnesty for delinquencies in specific cases, which will give eligible taxpayers one year to settle all outstanding payments and avoid tax evasion cases.
Central bank sees FDI net inflows steady in 2019
FOREIGN direct investment (FDI) net inflows this year will likely match 2018’s level, two senior central bank officials said, citing the May 13 midterm polls and rollout of more infrastructure projects as factors prospective investors will be watching.
Inflation, tax perk jitters weigh on FDIs
FOREIGN direct investment (FDI) net inflows fell short of expectation last year after five straight months of decline from 2017 amid rising prices and jitters due to planned changes to tax perks.
Malacañang watches as budget impasse simmers
MALACAÑANG on Monday said President Rodrigo R. Duterte was ready to veto questionable provisions in the P3.757-trillion national budget for this year, even as it hoped both chambers of Congress would resolve their differences soon.
Saudi oil minister says no OPEC+ output policy change until June
NEW DELHI -- Saudi oil minister Khalid al-Falih said on Sunday it would be too early to change OPEC+ output policy at the group’s meeting in April and that China and the US would lead healthy global demand for oil this year.
Gov’t to revive push vs investment caps
THE EXECUTIVE BRANCH will pitch a fresh proposal to the next Congress to lift foreign ownership limits under the 1987 Constitution, the head of the Finance department told reporters last week.
BSP defers full implementation of liquidity rules for bank units
THE BANGKO SENTRAL ng Pilipinas (BSP) has pushed back full implementation of two liquidity measures, covering subsidiaries of big banks, to next year, giving them time to raise more funds for compliance.
Senate leadership open to bill institutionalizing infrastructure drive
SENATORS are open to a law that institutionalizes the government’s intensified infrastructure development program to ensure continuity of flagship projects after President Rodrigo R. Duterte’s term ends in mid-2022.
Standard Chartered sees 100bp rate cut this year
THERE IS ROOM for the central bank to cut interest rates by as much as 100 basis points (bp) this year, an analyst at a global bank said, noting that inflation could slow to below two percent in the third quarter.
BSP chief sees room for monetary policy easing
By Melissa Luz T. Lopez, Senior Reporter
THE central bank can start considering cuts in policy rates, new Governor Benjamin E. Diokno said Friday, but...
Gov’t raises P236 billion from retail Treasury bonds
THE government has raised P235.935 billion from its latest offering of retail Treasury bonds (RTBs), National Treasurer Rosalia V. De Leon said on Friday.