SEC clears DM Wenceslao’s P15.5-B initial public offering

THE Securities and Exchange Commission (SEC) has cleared property developer D.M. Wenceslao and Associates, Inc.’s application to raise around P15.5 billion in an initial...

High inflation puts GDP target at risk

THE PHILIPPINES may find it more challenging to reach the government’s 7-9% economic growth target this year, as household consumption will likely take a hit from higher inflation caused by a prolonged Russia-Ukraine war, an analyst said.

Power business drives MPIC profit in 1st half

By Arra B. Francia METRO Pacific Investments Corp. (MPIC) on Friday reported double-digit profit growth during the first six months of 2017, driven by its...

European lawmakers want to revoke Philippine trade perks over rights abuses

By Arjay L. Balinbin, Senior Reporter and Jenina P. Ibañez, Reporter The European Parliament on Thursday voted to revoke tariff perks enjoyed by Philippine products...

DoF cool to extending estate tax amnesty

THE Finance department wants to first see the results of the ongoing estate tax amnesty, which will end on May 31 next year, before Congress passes a measure extending it by another two years.

Pasig is world’s most polluting river — study

PASIG RIVER is considered the world’s most polluting river when it comes to plastic waste, according to research published by the American Association for the Advancement of Science (AAAS).

PHL may face up to $1.9B in GDP loss — ADB

THE Philippines may lose up to $1.939 billion in gross domestic product (GDP) due to the coronavirus disease (COVID-19) outbreak, the Asian Development Bank (ADB) said on Friday.

PHL trade deficit narrows in April

THE COUNTRY’s trade-in-goods deficit narrowed in April as merchandise exports grew while imports declined, but did not prevent the year-to-date trade gap from increasing, according to data released by the Philippine Statistics Authority (PSA) on Tuesday.

FDI, trade, factory data pull Q3 GDP growth in opposite directions

By Elijah Joseph C. Tubayan, Reporter, Jochebed B. Gonzales, Senior Researcher, and Minde Nyl R. dela Cruz THE GOVERNMENT on Friday released foreign investment, trade...

Infrastructure, other capital outlays breach 2018 program

NATIONAL GOVERNMENT infrastructure and other capital outlays exceeded the 2018 program, driven by road and bridge networks, flood control projects and military modernization among others, despite a drop in December, the Department of Budget and Management (DBM) reported on Wednesday.

DoF estimates P22.5B/year foregone from illegals

THE FINANCE DEPARTMENT is pressing for a more aggressive campaign against unregistered foreign workers in Philippine offshore gaming operations (POGO) in the belief that the government has been missing out on P22.5 billion in income taxes yearly.

Economy may shrink by as much as 1.9% — Nomura

THE Philippine economy may contract by as much as 1.9% this year if the Luzon-wide lockdown is expanded nationwide and lasts until May, according to a report by Nomura Global Research.
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