Next DICT chief cool to lowering spectrum user fees
SPECTRUM USER FEES (SUF), which telecommunications companies described as excessive, are unlikely to be lowered under the Marcos administration, as the government needs to boost revenue collection to cope with the crisis, the next chief of the Department of Information and Communications Technology (DICT) said.
Moody’s Analytics lowers 2022 PHL growth outlook
MOODY’S ANALYTICS trimmed its Philippine growth forecast for this year, citing the impact of slower global demand and faster inflation on the economy.
World to spend $157 billion on COVID-19 vaccines through 2025
TOTAL global spending on coronavirus disease 2019 (COVID-19) vaccines is projected to reach $157 billion by 2025, driven by mass vaccination programs underway and “booster shots” expected every two years, according to a report by US health data company IQVIA Holdings Inc released on Thursday.
SEC considers tiered public float for IPOs
THE Securities and Exchange Commission (SEC) is looking at a tiered approach for the minimum public float requirement of companies seeking to list on the stock exchange, its chairperson said.
Inflation further picking up steam
INFLATION may have quickened in October -- on the back of higher fuel prices, utility rates, and a weaker peso -- but at a...
Exports growth outpaces imports rise in January
THE COUNTRY’S trade-in-goods deficit narrowed in January as merchandise export growth outpaced the increase in imports, the Philippine Statistics Authority (PSA) reported on Tuesday.
Debt service bill surges in February
THE NATIONAL Government’s debt service bill surged to P375.714 billion in February on the back of significantly higher amortization payments, the Bureau of the Treasury (BTr) reported.
Fitch Solutions upgrades PHL growth outlook on stronger state spending
FITCH SOLUTIONS raised its Philippine economic growth forecast, citing stronger economic expansion in the third quarter on faster government spending and strong household expenditures.
GOCC eyed to invest in struggling firms
ECONOMIC MANAGERS are proposing the creation of a new government-owned and -controlled corporation (GOCC) that will invest in shares of large firms now struggling amid the coronavirus crisis.
Over 3M Filipinos jobless in February
THE PHILIPPINES’ unemployment rate steadied on a monthly basis in February, but the number of jobless Filipinos increased to 3.126 million despite the gradual reopening of the economy, the Philippine Statistics Authority (PSA) reported on Thursday.
SEC ‘still sorting out’ new REIT rules’ details
THE Securities and Exchange Commission (SEC) remains keen on issuing guidelines on real estate investment trusts (REIT) within the year, amid anticipation from market participants.
Dominguez says no basis for BIR closure order vs Megaworld
A BUREAU of Internal Revenue (BIR) regional office’s plan to issue a closure order against listed developer Megaworld Corp. had no basis, Finance Secretary Carlos G. Dominguez III said.
