Renewed lockdowns prompt DBCC to revisit economic growth targets
THE INTERAGENCY Development Budget Coordination Committee (DBCC) is set to review its growth targets and macroeconomic assumptions in a meeting on Wednesday (Aug. 18), in light of the renewed lockdown restrictions in some parts of the country, including Metro Manila.
ESCAP cuts Philippine GDP growth projections
THE UNITED NATIONS’ (UN) regional development arm has lowered its Philippine economic expansion forecasts for 2017 and 2018, even as the country will still...
SEC sets rules for investment companies to qualify for cross-border transactions
THE SECURITIES and Exchange Commission (SEC) on Tuesday released guidelines to allow qualified investment firms in the Philippines to offer and invest in shares via the ASEAN Collective Investment Schemes (CIS) Framework.
Outsourcing firms may continue WFH scheme if they register with BoI
BUSINESS PROCESS OUTSOURCING firms can continue work-from-home (WFH) arrangements and receive fiscal incentives if their registration is transferred to the Board of Investments (BoI), Finance Secretary Benjamin E. Diokno said on Thursday.
Concerns remain over draft rules for BOT Law
WHILE STAKEHOLDERS generally welcomed the draft revisions to the implementing rules and regulations (IRR) of the Build-Operate-Transfer (BOT) Law, there is still concern over some of its provisions.
Traffic congestion in Manila is 4th worst in the world despite lockdown
ANNUAL TRAFFIC congestion in Metro Manila significantly dropped last year due to coronavirus lockdown, but the Philippine capital was still the fourth-most congested city in the world, according to data from a location technology company.
SEC drafts rules for revival of expired companies
THE CORPORATE REGULATOR will allow companies whose incorporation papers have expired to apply for revival, following approval of a perpetual corporate term under Republic Act No. 11232, or the Revised Corporation Code of the Philippines.
EO streamlines permits for digital infrastructure
PRESIDENT Ferdinand R. Marcos, Jr. has ordered government agencies to simplify the permitting process for telecommunications and internet infrastructure projects.
However, an analyst warned...
PHL regains ASEAN factory lead
IMPROVEMENT of Philippine manufacturing activity remained “modest” in September, according to a monthly survey IHS Markit conducted for Nikkei, Inc., but “robust” domestic consumption, a “solid” rise in new orders and “upbeat business confidence” offset muted foreign demand and “strong” inflation to propel the country back to fore among major economies of the Association of Southeast Asian Nations (ASEAN).
PSE chief expects at least 4 IPOs in 2024
LOCAL BOURSE OPERATOR The Philippine Stock Exchange, Inc. (PSE) expects at least four initial public offerings (IPOs) next year, its top official said.
Banks’ bad loans continue to pile up
By Luz Wendy T. Noble, Reporters
Non-performing loans (NPLs) held by Philippine banks increased further to P491.926 billion in August as borrowers struggle to make...
Philippine banana plant parts banned in the US
SOME banana plant parts from the Philippines have been banned from export to the United States to prevent the spread of a plant disease.
