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Regional inequality narrows in 2018 as poorer areas grow faster

REGIONAL inequality in the Philippines eased in 2018 compared to 2016 and 2017, the Department of Finance (DoF) said in an economic bulletin on Friday, citing lower measures of variability in regional domestic product.

Customs seeking to simplify broker accreditation process

THE Bureau of Customs (BoC) said its Account Management Office (AMO) is hoping to simplify the accreditation process for brokers and other entites that routinely deal with the bureau by decentralizing approvals.

Peso declines on US-Iran tensions

THE PESO declined against the dollar on Friday, dragged by geopolitical tensions between the United States and Iran.

Gov’t to issue Marawi bonds for large-scale infrastructure projects

THE GOVERNMENT is looking to issue its planned Marawi bonds to help fund large-scale infrastructure projects covered by the second phase of the rehabilitation plan for the city, the Finance department said in a statement on Thursday.

Peso slips on political concerns

THE PESO weakened slightly on Thursday amid ongoing protests in Hong Kong and bets on the United Kingdom’s next prime minister.

DoF eyeing smooth tax reform, import lib for more commodities

THE Department of Finance (DoF) has been ordered to step up its legislative liaison activities to ensure the passage of the remaining tax reform packages, ahead of the opening of the 18th Congrss on July 22, among other priorities that include exploring import liberalization for more agricultural products and the sale of the government’s stake in United Coconut Planters Bank (UCPB).

Peso declines further vs dollar

THE PESO weakened against the dollar on Monday, tracking regional currencies as the rally in emerging markets (EM) eased following weak China trade data.

Peso weakens on foreign selling at stock market

THE PESO weakened versus the dollar on Friday to go back to the P52-per-dollar level after some net foreign selling at the stock market.

Q4 2018 labor turnover flat from third quarter

LABOR TURNOVER in the country’s large firms steadied in the fourth quarter compared to the previous quarter, according to the Philippine Statistics Authority (PSA).

Debt yields track T-bond auction, US Treasuries

DEBT YIELDS at the secondary market moved lower last week following the auction of 10-year Treasury bonds as well as local government securities (GS) tracking the movement of US Treasuries with investors being on a risk-off mode due to ongoing US-China trade tensions.

Competitiveness rankings highlight need for infrastructure upgrades, digital readiness

THE Philippines needs to sustain its investment in physical infrastructure and ensure a digital-ready work force, the head of an Asian Institute of Management (AIM) think tank on competitiveness said.