DoF chief says consumer gains outweigh P14-B revenue loss from EO 128
FINANCE Secretary Carlos G. Dominguez III on Tuesday defended the move to cut tariffs on pork imports, saying that while the government might lose about P14 billion in revenues, this measure would allow consumers to save P67 billion.
DoF eyes hike in GOCC dividend rates
THE Department of Finance (DoF) is considering an increase in the mandatory dividend contributions of state-owned corporations, as it seeks new sources of funding for a third stimulus package.
DBCC to review economic growth targets in May
THE Development Budget Coordination Committee (DBCC) is set to meet next month to revisit economic growth targets, as economic managers assess the impact of the stricter lockdown as well as official gross domestic product (GDP) data for the first quarter.
‘Emerging’ cities to help drive property market recovery
BUSINESS DISTRICTS outside the capital could help drive post-pandemic growth of the Philippine property market, analysts from real estate services firms said.
More gov’t financial support sought for sectors most badly hit by pandemic
THE government is being urged to provide more financial support across sectors and to ramp up infrastructure investments to help the pandemic-battered economy recover faster.
PHL firms feel chip shortage pinch
THE GLOBAL SHORTAGE of semiconductor chips has caused supply chain constraints among local electronics manufacturers, forcing them to take on higher costs to fulfill client orders.
NPL ratio could breach 5% by end-2021 —BSP
THE BANKING INDUSTRY’S nonperforming loan (NPL) ratio may go beyond 5% by the end of this year, a Bangko Sentral ng Pilipinas (BSP) official said.
Minority stakeholders can now call for special meeting
SHAREHOLDERS who own at least 10% of a publicly listed company’s outstanding capital stock for at least a year can call for a special stockholders’ meeting, according to new guidelines issued by the Securities and Exchange Commission (SEC).
Philippines’ BBB+ rating affirmed
By Beatrice M. Laforga, Reporter
Japan-based Rating and Investment Information, Inc. (R&I) has kept its BBB+ credit rating with a stable outlook for the Philippines, citing the country’s robust...
BoI approves P2.8-B investments
The Board of Investments (BoI) on Friday said it had approved one renewable energy and two agriculture projects worth P2.8 billion in the Philippines.
In...
BSP raises P90B from bill auction
By Beatrice M. Laforga, Reporter
The Bangko Sentral ng Pilipinas (BSP) fully awarded the short-term securities it offered on Friday as rates declined after the government’s recent euro bond...
PHL raises P122B from euro bond sale
THE Philippine government raised €2.1 billion (P122.4 billion) from a triple-tranche offering of euro-denominated bonds, the Bureau of the Treasury (BTr) reported.